If you want an investment instrument that is not effected by monetary policy, there are literally millions of such investments. Gold, stocks, commodities, land, betting, and hundreds of other categories.
- You cannot send gold via the Internet. It is not easy to divide it in separate pieces. It is difficult and expensive to transfer. You cannot own exactly 0.01567 ounces of gold. You don't know much gold there is. You cannot have divided possession with gold, and the list goes on and on.
- Stocks can be inflated if the company decides to raise capital, which will dilute the value of my stocks.
- Land can be confiscated. You cannot own 12.345678% of a house. You cannot transfer a house unless the buyer will come and live in that location. It is also very expensive to own and preserve a house.
Bitcoin is invulnerable to all sorts of previous financial instrument drawbacks.
The formula for Coca Cola and Viagra hadn't changed either
I don't think Coca Cola's formula is exactly the same as it was when it was presented as medicine. Either way, my point is that the utility of Bitcoin hasn't changed. It remains peer-to-peer cash, that is socially resistant to any sort of governmental intervention. It's just that more people view it as an investment.