Imagine you live in an economically unstable country and have $1000 that you want to preserve. You don't want to put it in your counties currency because of the

Imagine you live in an economically unstable country and have $1000 that you want to preserve. You don't want to put it in your counties currency because of the inclination for the govt to do what venezuela did. US dollars have historically been the best option, but with the trajectory the US dollar is on, that might scare you due to inflation. Perhaps gold is an option, but how do you safely buy it and what are you going to do with gold coins? They can be stolen so easily. So this is the long-term allure of bitcoin. Put your money on the blockchain and all you have to do is remember a pass phrase to retrieve it. It doesn't suffer from inflation or govt debasing because it isn't controlled by a govt. It could be the best place to store money in terms and maintain constant buying power. At least that is the idea, but in reality, it is a long way from that view. The issue is that people don't really buy into a consistent vision on what Bitcoin is and are still trying to figure out how much they value it and do price discovery. Let alone how it should be legislated. That being said, I believe the storage of value is a real problem and Bitcoin, or something like it, could be a valuable financial tool in a decade or so, once the dust has settled. It reminds be a bit of the Internet back in the early 90s. All kinds of discussions and speculation, most of which ended up being very wrong, but the core technology ended up being dominant.