>Bitcoin is not just a scarce commodity, it’s the only known commodity in the universe that has a deterministic and fixed supply. As a result, bitcoin is not subject to any of the potential positive supply shocks that gold (or any commodity for that matter) may face in the future.
This doesn't mean a thing and I would argue isn't true. 4th generation Toyota Supras are also a fixed supply, yet the value of these cars has fluctuated wildly and will continue to. There won't be a single new 4th gen Supra produced. I would argue vintage cars are the most similar asset to bitcoin. Since like cars, some bitcoin is continually lost and destroyed every day. Like bitcoin, cars are simply worth whatever someone is willing to pay. The market for cars is not logical, it is purely emotional. Yes, toyota supra prices will likely not collapse anytime soon, since they look cool and there are less and less examples every day. But anyone making an argument that bitcoin is an effective money store needs to consider all the things that can go wrong, and cannot argue that bitcoin is anything better than gambling. The market is not logical, since the market is simply people, and thats the first assumption that is wrong here.