Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
it could be,
eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.
TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story and the medium of exchange). The 'store of value' story is in deep hibernation for now.