Bitcoin's core value: the medium of exchange function is superior to value storage.

The true value of Bitcoin lies in its function as a Medium of Exchange, rather than merely as a store of value. While the store of value is an important characteristic, the ability to transact is the core advantage of Bitcoin. Without the Medium of Exchange function, the store of value loses its significance.

The liquidity of the Bitcoin market precisely reflects its potential as a Medium of Exchange. Data shows that Bitcoin's trading volume far exceeds its market value, indicating that its function as a Medium of Exchange is more prominent than that of a store of value. Overemphasizing the holding of Bitcoin rather than its use may limit its development and reduce it to Digital Gold 2.0.

Traditional assets such as real estate, bonds, and stocks have a huge total value, but they are limited in terms of trading frequency and accessibility. In contrast, Bitcoin, as an open and permissionless currency system, offers greater inclusivity and liquidity.

Viewing Bitcoin merely as a store of value may overlook its potential to change the global financial system. Bitcoin is not just another asset class, but a new type of currency that can provide financial services and economic opportunities to more people.

Overemphasizing the hoarding of Bitcoin may hinder the expansion of its network effects. In contrast, encouraging the circulation and use of Bitcoin can enhance its ecosystem and elevate its status as a global currency. While it is wise to store a certain amount of Bitcoin for future use, it is more important to use it for actual transactions and to improve the quality of life.

The true value of Bitcoin lies in its potential as a borderless, permissionless currency system. Viewing it merely as another investment tool or store of value may underestimate its revolutionary impact. Encouraging the circulation and use of Bitcoin can not only promote individual freedom but also foster broader economic cooperation and innovation.