Bitcoin meets all the main criteria of a store of value but has not yet officially acquired this status, said researchers at Fidelity Digital Assets in a thesis paper yesterday.

Titled “Bitcoin Investment Thesis: An Aspirational Store of Value,” the paper argued that Bitcoin is capable of becoming an “insurance policy” that may provide protection against various consequences of contemporary monetary practices.

A store of value, as the name suggests, is an asset that can save the value that was put in it over long periods of time. One of its main features is its ability to retain purchasing power and usefulness in the future.

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