The computing cost to mine more bitcoin is hailed as the underlying value by proponents of that notion. It depends on bitcoin holders refusing to sell at a price lower than the cost of mining, which isn't a given. It's also a notion that doesn't account for potential innovations such as quantum computing, which would significantly reduce crypto mining costs.
Hindsight is 20/20. That bitcoin is a store of value has been talked about for a very long time when other blockchains overtook it in terms of functionality. People’s memories are short so I am sure it will be touted as such again in a couple years.
dpc050505|29 days ago
pllbnk|29 days ago