you can say the same thing about gold - it’s just a shiny rock.
it’s an inflation protected asset, perhaps even more so than gold since there’s a known quantity of it that will never change.
it’s an inflation protected asset, perhaps even more so than gold since there’s a known quantity of it that will never change.
I don't understand why you make this comparison?
Gold is a physical item with real-world use cases. Gold is rare and has physical applications which is why it's valuable. We can't magically create more gold.
Now you are going to say bitcoin is fixed as well. Fine, but it has basically no use case. Also, it can be replicated a billion times over with any other cryptocurrency. So I would even say it's debatable to call it 'rare' or 'fixed', even though I know what you mean.
The amount of gold which has been mined in the entire human history is about a 20m cube. That's it. Gold is used in very useful in many industries around the world and is visually appealing. THAT is why it has value.
If Gold was "rare" but looked like garbage and had no physical application then it would NOT be valuable. I don't get how you are trying to make this argument.