RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:One step up, two steps downAgree with what you say, except on the next gen going in Bitcoin and Ethereum. The total value of all Bitcoin today is a mere $828.94 billion US , which might sound like a bunch, but Apple alone, one company, has a market cap of Three trillion today, yes trillion. And there are dozens of companies all over the world with bigger net worth than all of Bitcoin. And besides that it seems that lots of Bitcoin is held by a few , what do they call them? fools, oh no, dinosaurs or whales maybe. So the amount in play could be small, but of course no one knows. Ethereum is even less significant, with a total worth of only $273.01 billion.
And as far as 'store of value' goes: Ethereum is now at one half of its Nov 21, 2021 price, Bitcoin needs to go up 50% from now to match its Nov 12, 2021 price. Not really storing value much! Gold on the other hand is up 14.57% one year, 63% 5 years, and 405% 20 years. And since I knew you would ask - all the gold ever mined and in proven reserves is worth approx. $17 trillion US which is serious money. And most of that gold is still in someones possession. Just to compare - total Ameircan Fed Gov debt is $33 trillion , and that is a vast amount of money.