The rationale for this post is that bitcoin doesn't actually function as a store of value. It's so called value is entirely based around flow and not stock. It cannot derive value from anything besides the utility it provides to facilitate turnover in commerce.
Except for a certain country in the world, the so called "commerce/turnover" is not buying Christmas gifts for loving members of family via Bitpay, but rather paying 2~3% to "smurf" RMB over Lo Wu Custom into Hong Kong, or paying 5% min so that Triad enforcers can deposit "winnings" as Chinese casino whales at a local gold & silver "dealer/moneychanger" in Vancouver. So paying even $1,000 per tx is like a godsend where $20K~50K is often expected for a $1 mio tx, and has been for the last 30 years. Heck, they even recently nab some South Korean prosecutor/law-enforcement for taking in billions+ KRW "profit-sharing" so that Chinese "whales" can "arbitrage coins" from China and deposit proceed into exchanges like Bithumb in Gangnam.