I don’t see why “no counter-party risk” matters for a speculative asset with a volatile price. It seems like you’re distracted from the main risk?
For the past 10 years, it has grown in value at an average rate of 200% per year.
In portfolio theory there is a measure of risk adjusted return known as the Sharpe Ratio. Over the past ten years the best performing portfolio based on Sharpe Ratio would have been 97-99% US Treasuries and 1-3% Bitcoin.
You don’t have to store 100% of your savings in Bitcoin, but having a little in your portfolio might be an idea worth considering.