---
id: "prereq-store-of-value"
type: "prereq"
source_timestamps: ["00:39:24"]
tags: ["economics", "investing"]
related: ["concept-store-of-value-basket", "concept-debasement-trade"]
reason: "Necessary to understand why capital flows into specific assets during periods of high inflation."
sources: ["markmoss"]
sourceVaultSlug: "mark-moss-debasement-trade-bitcoin-2026Jun25"
originDay: 5
---
# Concept of a Store of Value

## Why You Need This

The listener must understand that a **store of value** is an asset that maintains its purchasing power over time without depreciating. Historically, gold and real estate have served this function; Moss argues Bitcoin is the digital evolution of this concept.

## Properties of a Good Store of Value

- **Scarcity** — supply cannot be expanded easily.
- **Durability** — physical or digital persistence over time.
- **Portability** — easy to transport or transmit.
- **Divisibility** — can be broken into smaller units.
- **Verifiability** — authenticity can be confirmed.
- **Fungibility** — units are interchangeable.

Bitcoin scores extremely high on most dimensions (especially scarcity — 21M cap — and portability), which is the basis for Moss's argument in [[concept-store-of-value-basket]] and [[claim-bitcoin-tam]].

## Why It Matters Here

Moss's entire thesis depends on the **flow of capital** from depreciating fiat into store-of-value assets — see [[concept-debasement-trade]]. Without an intuition for what makes an asset a good store of value, the price-prediction claims ([[claim-bitcoin-1m-2030]]) lack mechanism.