Why is Bitcoin described as a superior store of value?

by | Dec 15, 2023 | General | 0 comments

Bitcoin was created as a technological solution to the issues of traditional money features. Technology developments have always had a vital role in the monetary system, and it is expected to reshape the financial sector in the future. History proves that money evolved as technology did, so it is important to consider some alternatives to fiat money.

The concept of a “store of value” refers to the goods that can increase or retain their worth over time, and Bitcoin is considered such an asset. This reason has made people buy Bitcoin with the purpose of holding it for a medium-to-long period and thus pushed the Bitcoin price up.

Let’s figure out more about the reason why Bitcoin is considered a store of value.

What is a store of value?

A store of value can be described as an asset that can retain its purchasing power over time and is able to be exchanged rapidly for something else. Common stores of value include precious metals, fiat currency, property and real estate. A good store of value needs to be portable, durable, fungible, scarce, divisible and verifiable. Ideally, a store of value doesn’t bear much risk, which is why, in the past, people were more interested in investing in a secure asset that has a stable demand, an ensuring lifespan and low volatility.

But fiat currencies can be weak stores of value, as due to inflation, they can depreciate their value over time. Instead, commodities like gold, Bitcoin and other monetary metals have good store-of-value attributes as they are limited in supply and maintain their value over time.

The main features of a store of value

It is widely accepted

For an asset to be a good store of value, it is essential to be available worldwide. Also, if more people consider it a valuable commodity, its value can increase and become a better asset.

The value doesn’t depreciate over time

One of the best characteristics of a store of value is the fact that its value will not go down in the next few years, decades or centuries. Stores of values have the great advantage of maintaining their value over time. For instance, gold is a good store of value that investors can add to their portfolios as it can protect their savings from inflation.

It is easy to sell and buy

People invest in assets that can easily be swapped for money. So, a commodity can become an important store of value if a large pool of people is interested in it.

It has a limited supply

When something has a big capacity, the value will depreciate and will not be described as a store of value. This is why scarcity is an essential feature for an asset to become a store of value. Also, this aspect is one of the reasons why traditional currencies can’t be described as a good asset, as there are plenty of them, and the government can print them regularly. Instead, digital currencies like Bitcoin have a fixed supply, which makes people more interested in them.

People can buy and sell portions of the commodity

Stores of value have the ability to divide into smaller parts to be traded. Some people don’t want to sell the entire asset they own, so dividing the asset as they wish is a bonus. Bitcoin and gold can be easily divisible, which is why they are preferred options for investors.

Holders can take the assets with them

If an asset can be carried wherever you go, it will always become popular. For instance, real estate is a stable commodity, but it is not portable. Instead, digital assets are easier to transport, so their value will also be higher.

Why is Bitcoin considered a store of value?

If you search the Internet, you will see that Bitcoin is often called digital gold. People state that Bitcoin offers both the advantages of a precious metal and a digital currency, even if it is quite new in the market. Bitcoin was developed by Satoshi Nakamoto, an anonymous programmer, who wanted to give investors the possibility to solve the problems associated with fiat money. Crypto enthusiasts think that all people will use digital currency in the future to safeguard their finances from economic instability.

Here is why Bitcoin can be described as a store of value.

Bitcoin is a scarce asset because it has a finite supply

The creator of Bitcoin, Satoshi Nakamoto, established that there would be only 21,000,000 Bitcoin mined. So, no one can interfere with the system or change something to the extent of the supply. Bitcoin transmits its value across the Internet, and investors often closely monitor Bitcoin price as it serves as a great store of value due to its immutable monetary supply. Gold has become a store of value because it can be challenging to produce it. Still, Bitcoin is an important asset that gained popularity because it is impossible to replicate.

Bitcoin allows trustless transactions

Traditional assets involve dealing with banks and governments. You need to trust them, but plenty of financial crises proved why investors shouldn’t. On the other hand, Bitcoin enables trustless transactions, as it is based on a proof-of-work algorithm. Because of this fact, the transactions on the blockchain are public, and all the users can see the history of records.

Bitcoin is a decentralized asset

Bitcoin is decentralized, meaning that no central authority controls it. Bitcoin is a network that works on computers and servers worldwide, so even if someone decides to shut down a couple of them, the system will not suffer. Because Bitcoin is decentralized, it remains outside the control of banks and governments, making it more powerful than traditional choices.

The bottom line

All the features of Bitcoin make the digital asset a superior store of value. People have begun to consider this virtual currency more, which is why it is expected that Bitcoin will gain even more ground in the future and compete with other traditional assets for its place in the sector.

In Columbia, Maryland, there’s a former grocery store that has been transformed into a department store for mythical creatures, time travelers, and intergalactic tourists.

It’s called DoodleHATCH.

You can groom a unicorn, visit an intergalactic space station, climb onto a giant’s bed, meet guinea pigs, explore an artist’s studio, and discover approximately a million other things that somebody actually sat down and made.

It’s a nonprofit interactive art museum, a community project, an educational resource, and one of my favorite places I’ve ever discovered.

And it could be demolished as part of a proposed redevelopment of the Long Reach Village Center.

But there’s still an opportunity to help.

You don’t need to donate money. You don’t need to live in Maryland. And you don’t need to know anything about zoning laws.

You can start by writing an email.

🚨 Here's what's happening

Developer Columbia Concepts has proposed redeveloping the Long Reach Village Center in Columbia, Maryland.

The proposal would replace existing buildings with new housing, recreational facilities, and other development.

Unfortunately, that puts a whole collection of existing community resources at risk of being demolished, including:

  • DoodleHATCH Interactive Art Museum
  • Maryland Fashion Institute
  • A makerspace used for community education
  • Local restaurants, shops, and service businesses
  • Early childhood education and community programs
  • A 140-foot-long mural created by approximately 100 community members

This isn’t just about losing a fabulous museum. It’s about losing an entire collection of places that people have built, supported, and relied on.

And there’s another possibility!

🌈 Meet The REALM

Lee Andersen, the founder of DoodleHATCH, and her nonprofit ManneqART want to preserve the existing community resources and transform the village center into an arts and culture destination called The REALM.

Imagine a place where artists have studios, children have room to explore, students can learn creative skills, people can attend performances, and local businesses continue serving their neighbors.

There are plans for a performing arts space, more opportunities for artists, and a Witches Kitchen that might serve you a horrible-disgusting breakfast.

Which, personally, I think sounds promising.

The people behind DoodleHATCH are gathering support to oppose the developer’s zoning proposal and advocate for The REALM.

And they’d love your help.

💌 How to help in about two minutes

If you live in Howard County, Maryland

If you’re 18 or older, DoodleHATCH is asking eligible county residents to visit the museum and sign their petition in person.

📍DoodleHATCH Interactive Art Museum

8775 Cloudleap Court, Unit 101
Columbia, MD 21045

⏱️ Museum hours: Friday–Sunday, 10 AM–5 PM.

And while you’re there, I highly recommend exploring the museum. Bring someone who needs a reminder that being an adult doesn’t mean you have to stop enjoying ridiculous things.

If you don't live in Howard County

You can still help!

DoodleHATCH is collecting emails from people who oppose the proposed Columbia Concepts redevelopment and support preserving the existing arts and community resources through The REALM.

Send your email to: Lilou@DoodleHATCH.com

Suggested subject: Support The REALM | Oppose Columbia Concepts Zoning Proposal ZB 1132M

You can write your own message or use one of the templates below.

You don’t need to write an essay. A short, genuine message explaining what you support and why is enough to participate in this email campaign.

✍️ What should your email say?

To make your position clear, include these three things:

1. Say what you’re opposing.

State that you oppose the proposed Columbia Concepts redevelopment and zoning amendment for the Long Reach Village Center, case ZB 1132M.

2. Say what you’re supporting.

Express your support for preserving DoodleHATCH, the Maryland Fashion Institute, existing community resources, and the proposed arts and culture center called The REALM.

3. Explain why you care.

This is the part that makes your email yours.

Maybe you’ve visited DoodleHATCH. Maybe you’re a parent who wants more creative places for children. Maybe you’re an artist, an educator, or someone who thinks it’s important to protect the few spaces where people can explore and make things without needing to buy something.

Maybe you live across the country and just learned that there’s a department store for mythical creatures in Maryland, and you think the world would be a little less interesting without it.

That’s a perfectly good reason to care.

Automatically Build Your Email!

💌 Email templates you can copy

Option 1: Short, simple, and effective

Subject: Support The REALM | Oppose ZB 1132M

Hello,

I’m writing to express my opposition to the proposed Columbia Concepts zoning amendment and redevelopment of the Long Reach Village Center (ZB 1132M).

I support preserving DoodleHATCH, the Maryland Fashion Institute, and the existing community services and small businesses, as well as the proposal to create The REALM arts and culture center.

Creative and educational spaces like these provide valuable opportunities for families, artists, students, and the wider community. I believe they deserve to be protected.

Please include my email with the messages of support being collected for DoodleHATCH and The REALM.

Thank you,

[Your Name]
[Your City/State]

Option 2: For artists, creatives, and fellow merriment makers

Subject: Please Protect DoodleHATCH and Support The REALM

Hello,

I’m writing in opposition to Columbia Concepts’ proposed redevelopment and zoning amendment for the Long Reach Village Center (ZB 1132M), and in support of The REALM.

I believe communities need places where creativity, imagination, and play are actively encouraged.

DoodleHATCH is an extraordinary example of what can happen when artists and community members are given room to create something that doesn’t fit into an ordinary commercial space.

Places like this are rare. They encourage people of all ages to experiment, learn, explore, and connect with one another.

I support preserving DoodleHATCH, the Maryland Fashion Institute, the existing community resources, and the vision for The REALM.

Thank you for collecting these messages and advocating for the creative community.

[Your Name]
[Your City/State]

Option 3: For people who've visited DoodleHATCH

Subject: Please Save DoodleHATCH | Oppose ZB 1132M

Hello,

I’m writing to express my opposition to the proposed Columbia Concepts redevelopment and zoning amendment for the Long Reach Village Center (ZB 1132M), and my support for The REALM.

I’ve personally visited DoodleHATCH, and I want to share why I believe it’s worth preserving.

[Write two or three sentences about your experience. What did you see? Who did you bring? What surprised you? What made you want to return?]

DoodleHATCH is more than a collection of exhibits. It’s a place where creativity is something people can actively participate in, and I believe losing it would be a tremendous loss to the community.

I support preserving the museum, the Maryland Fashion Institute, and the other existing community resources through the proposed arts and culture center, The REALM.

Please include my email with the messages of support you’re collecting.

Thank you,

[Your Name]
[Your City/State]

A few tips before you hit send

Automatically Build Your Email!

DO:

  • Use your real name.

  • Include your city and state so organizers can understand where support is coming from.

  • Clearly identify the redevelopment proposal you’re opposing.

  • Specifically mention your support for The REALM.

  • Add a personal sentence or two if you can.

  • Be respectful, even if you’re frustrated.

  • Share this page with other people who might want to help.

DON’T:

  • Pretend to be a Howard County resident if you’re not.

  • Claim to have visited DoodleHATCH if you haven’t.

  • Make up experiences or information.

  • Send threatening, insulting, or harassing messages.

  • Assume your email is the same thing as signing the official petition.

  • Worry about making your message sound impressive. Clear and genuine is better than elaborate.

💌 The Save DoodleHATCH Email Machine

A few clicks, a little personality, and an email that helps support DoodleHATCH and The REALM. No account or signup required.

What's your connection to DoodleHATCH?
Why does protecting places like this matter to you?
✨ Your email preview
To: Lilou@DoodleHATCH.com
Subject: 


✉️ Open in My Email App




Your information stays in your browser until you choose to copy or open the message. The email does not send automatically. Emails support DoodleHATCH's advocacy campaign; they are not the same as official petition signatures or zoning testimony. Please review the message before sending.
 





			

			

				
				
				
				
			

				
				
			

				
				
				
				
				
				
				

				

				
				
				
				
				

				
				
				
				
				
🐹 Wait. What exactly is DoodleHATCH?

			

				
				
				
				
				
			

				
				
				
				
				
I’m so glad you asked.


DoodleHATCH is an interactive art museum in Columbia, Maryland, created by artist, designer, and professional generator of wildly ambitious ideas, Lee Andersen.


The museum is designed as a pretend department store for mythological creatures, time travelers, and galactic tourists.


There are dozens of installations, and unlike most museums, you’re encouraged to touch things, explore, and participate.


There’s also an artist’s studio full of fabric and handmade garments, workshops, special events, birthday parties, free books, and opportunities for local artists to share their work.


The museum welcomes families and children, but adults are absolutely allowed to enjoy themselves, too.


And the woman behind it has spent decades bringing creativity into the community through fashion, festivals, education, and public art.


I discovered DoodleHATCH in 2020 and loved it so much that I started volunteering.


I’ve been back multiple times, and there are still things I haven’t seen.


That’s part of what makes it special. You can keep discovering things because people keep creating them.

			

			

				
				
				
				
			

				

				
				
				
				
				

				
				
				
				
				
You don't have to live near DoodleHATCH to care about it.

			

				
				
				
				
				
There are Merriment Makers everywhere.


People turning empty buildings into art spaces. People organizing parades. People teaching kids how to sew, paint, dance, or build things. People putting enormous amounts of time into projects that make their communities more interesting.


Sometimes they’re running nonprofits. Sometimes they’re working out of their garages. Sometimes they’re making something weird in a strip mall that you might drive past a hundred times without realizing what’s inside.


I hope you’ll help protect DoodleHATCH.


And I hope you’ll look around your own community, too. Visit the strange little museum. Go to the local art show. Find the person who makes giant puppets or organizes an absurd annual festival. Spend your money at the independent shop with the handmade things.


There are people everywhere creating reasons for us to be curious about being alive.


I’d like them to be able to keep doing that.

			

				
				
				
				
				
			

				
				
				
				
				
Help save DoodleHATCH. Help protect The REALM. Help keep the world interesting.

			

				
				
				
				
				
💌 Email: Lilou@DoodleHATCH.com


🌈 Visit: DoodleHATCH.com


🦄 Share: Uncustomary.org/Doodle