Is Bitcoin a Store of Value?

What is a store of value?

Broadly speaking, a store of value is any asset that you can use to protect your financial power. For example, some individuals might see precious metals, like gold or silver, as a store of value because they have historically been able to protect an individual’s purchasing power more than fiat money can. In instances where a country sees their central bank collapse, fiat money issued by that bank may become worthless, while a precious metal like gold remains valuable both within that country and outside of it. For this reason, precious metals have functioned as a store of value.
Stores of value can vary widely. Not only can precious metals serve this function, but so too can government or corporate bonds, real estate, stocks, ETFs, and many more types of assets. Essentially, if there is an asset that you believe will retain its value well during the foreseeable future, it could be thought of as a store of value.