The primary argument for holding bitcoin is as a store of purchasing power to counter every government and central banks addiction to printing money. The econo

The primary argument for holding bitcoin is as a store of purchasing power to counter every government and central banks addiction to printing money. The economic theory is that money printing is the primary cause of inflation and bitcoin, as the first purely fungible commodity with a fixed total supply that is perfectly inelastic to demand, is an ideal hedge against inflation. Imagine if gold went up 100x in price. New gold mines would be opened. People would come forward with their gold jewelry, etc which would increase the supply of gold. If bitcoin goes up 100x, it’s supply cap and inflation rate would remain unchanged. If you believe the government or central banks will stop printing money, then the argument for bitcoin collapses.