1. Bitcoin is a neutral asset
2. Bitcoin is a store of value
In a nutshell, those are the two most important properties to describe bitcoin.
It's what distinguishes bitcoin from any other crypto and makes it totally unique
from anything else IMO. When someone asks me why I invest in bitcoin, that is what I tell them.
What makes bitcoin a neutral store of value?
1. Bitcoin is truly decentralized, meaning no person or small group of persons
can unilaterally control it.
2. Unlike fiat and all the countless millions of shitcoins, bitcoin cannot be printed out of thin air.
3. Unlike fiat and all the shitcoins, it wasn't made to enrich its creator.
(Satoshi has never personally profited from bitcoin).
4. Unlike ethereum, bitcoin does not have an unlimited and endless supply.
Comparison to Gold
1. Gold can also a good neutral asset and store of value. But unlike bitcoin,
you can't send and receive gold very easily. Sending gold through the mail is very risky.
2. To buy and sell gold, you have to travel to a gold exchange. Depending where you live,
you may not have one nearby. You have to physically transport the gold, which is a security risk.
3. Storing gold in your house is no better than storing large amounts of cash.
Banks do not normally accept gold as a deposit. That is a major security concern.
Bitcoin solves the self-custody problems of gold.
4. Buying and selling larger amounts can be a challenge. You always have to worry if you are
buying counterfeit gold, and verifying its authenticity isn't always easy.
5. Bitcoin is used for digital payments, and adoption as a payment method is growing.
Gold is not convenient making payments, and hasn't been used a medium of
exchange for hundreds of years.
6. Unlike bitcoin, gold is not easily verifiable. A government can tell you it has two thousand tons of gold.
But that claim is impossible to verify without you being there in person to see it for yourself.
Which the government will never let you do. And even if they did you won't know if the gold bars
are actually solid gold or just gold-plated. This is a problem all over the world including the US
which has not provided proof of its reserves in decades, despite orders from the courts and Congress to do.
They just simply ignore it.
Bitcoin is just a better version of gold.