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.
It makes it easy for most people to understand IMO, to boil it down to those two simple points.
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 out there, bitcoin cannot be printed out of thin air.
3. Unlike fiat and all the shitcoins, it wasn't made to enrich its creator (Satoshi never profited from bitcoin).
4. Unlike ethereum, bitcoin does not have an unlimited and endless supply.
Comparison to Gold
1. Gold can also be a good neutral asset and store of value. But unlike bitcoin,
you can't send and receive gold very easily. Delivering 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, so you just have to store it in your house.
That is a major security concern. Bitcoin solves the self-custody security problems of gold and cash.
4. Buying and selling larger amounts of gold can be a challenge. You always worry if you are
buying real or 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 as a payment method, and hasn't been used as a medium of
exchange for hundreds of years, at least not in the modern world.
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 with gold 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 so.
They just simply ignore it.
Bitcoin is just a better version of gold.
And in addition to the comparison you just made about Gold and Bitcoin above is the fact that while Bitcoin has a limited supply, gold on the other hand, it's supply is unlimited. Because it's every month we keep hearing on the news about countries or empires discovering their hidden gold reserves, which in most case are always hundreds to thousand tones of gold. Which is one factor that has made it's price unmatched to Bitcoin that is just 16yrs and yet it's value has already skyrocketed to $118k per BTC. While secondly, another difference is that as a newbie, you can easily fall victim to buying fake gold, unlike Bitcoin that is digital and it's transaction can always be confirmed on the Blockchain.