Coinbase reports that 80% of wallets are buy and hold, the remaining 20% are used for transactions. That supports the idea that when fully adopted, the majority of bitcoin will be held as a deflating store of value, and the smaller portion held as working capital by transacting entities. I do not distinguish intrinsic value aside from the contextual market price. Please enlighten me with regard to the two main uses of bitcoin as partitioned above.
OMG how can you even say something so stupid... even this little sentence totally discredits your analysis. The 80% are not "stores of value" but speculators... When the price reaches their desired level, they will sell or buy something with bitcoin, or yes, try to think of it as a store or value, but i think majority will sell for fiat, but you cannot for god sake tell at this moment that they use bitcoin as a store of value, because its not true, and if you fail to realize this, what else you do you fail to realize or what else do you got wrong :-(?