Hi,
Bitcoin is increasingly viewed as "digital gold" in 2024.
What challenges could Bitcoin face in becoming a universally accepted store of value? Any thoughts?
We need to have some good structures for Bitcoin in order to achieve this, in fact where I live we have been seeing hostile government politics against Bitcoin though most people here love tech as they see it as they only way to break poverty and as such they have setup under the radar of government, person to person exchange who is well known in the Bitcoin circle so anytime anyone want to exchange a big amount they don't go to exchanges, second there are well known reputable automatic exchanges which we use for smaller amount of Bitcoin exchange when the time comes, third is the fact that most people here have been doing this saving Bitcoin as store of value and I have said here in time of Covid 19 in 2020-2021 people who were not hurt at all economically were the ones who had Bitcoin as store of value and used it at that time when both the employee and government did not care much if they had money to eat or to survive or not, so yeah in some countries it is already being used as store of value for two reasons, one like that I said about difficult times and the second when new all time highs will come.