I think people who say the recent market crash proves that Bitcoin's use case as a Store of Value are missing the point. BTC was never intended to be a panacea that would protect it's holders from every possible type of market downturn. Rather, the "Store of Value" narrative speaks towards Bitcoin's resilience against a very specific type of economic crisis, namely the collapse of the fractional reserve banking system, and the resulting carnage. While we very well may look back at last week as the straw that broke the camels back and made said collapse inevitable, we still have a long way to go before we get to the point where Bitcoin's strength as a store of value will shine. The Fed still has a little ammunition left, and they are going to pull out all the stops to do whatever they can to keep their house of cards from crumbling down around them. I expect Bitcoin to go down more - a lot more - before it goes up again. I also think that it's more likely than not that we will come out of this with the credit system intact...the printing press is powerful, and people have believed in the "Full faith and credit of the US Government" as a 100% guarantee for, well, generations now. But when that belief has been shattered - that's the use case Bitcoin has been "Storing your Value" for, and when it comes, I hope everyone here is ready.
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