Bitcoin is increasingly being used as a store of value, similar to gold, due to its unique properties. A store of value is an asset that maintains its worth over time without depreciating significantly. Bitcoin fulfils this function primarily through its scarcity, decentralisation, and predictable supply.

Bitcoin’s total supply is capped at 21 million coins, making it immune to inflation caused by excessive money printing. This fixed supply contrasts with fiat currencies, which can be devalued by central banks through monetary expansion. As a result, many investors view Bitcoin as a hedge against inflation and currency devaluation.

Additionally, Bitcoin is decentralised, meaning no single entity controls it. This increases its appeal as a secure, censorship-resistant store of wealth, especially in countries with unstable currencies or restrictive financial systems. Its global accessibility and the ability to store it digitally also make it attractive to tech-savvy investors.

While Bitcoin’s price can be volatile in the short term, many long-term holders (known as "HODLers") believe that its finite supply and increasing adoption will drive long-term value appreciation. As trust in traditional financial systems fluctuates, Bitcoin continues to grow in popularity as a digital store of value.