Okay maybe obsolete is a strong word.

A lady from X posted something that entails that she thought Bitcoin was meant to be held.
I believe this is now one of the most popular attribution of Bitcoin in accordance to being a speculative asset.

The Government label it Digital Gold hence should be held to bypass the notion it's money
Institutions label it as Digital gold too. I'm not talking about strategy (okay I'm talking about strategy)

We only see minority that call it money. Yes I won't deny the fact that it's playing the role of store of value well
But majority don't even know it's money.

Does Holding Bitcoin stop it from being money? No. It just limits it's function as a medium of exchange
But stays true to its role as a store of value
Which is a criteria of being money something Fiat is proudly failing at.
Unit of account is something I believe we relatively poor at since most time we subconsciously associate it's value to dollar.

Would I stop holding? No. Gresham Good and bad money explains that
People hoard good money (rises) and use bad money (falls)
But I'd use my Bitcoin rather than Fiat for international or cross border transactions
Too lazy to go through banks and protocols.


I know some people may argue why spend your Bitcoin when you know it would rise
But what's the essence of money or growing wealth if it won't be spent. Biased POV. Not a financial advice.