Can you point me to another asset that meets this criteria? These are the things I find value in. I am happy to pivot if there is an alternative.
1. Fungible
2. Easily portable
3. Global
4. Easily divisible
5. Finite supply
6. cheap instantaneous settlement
7. Pre-set, immutable, monetary policy
5. I know there is supposed to be a finite supply, but that could change at any point, either from malicious attacks or groups like the Fed muscling in. The Enigma code was unbreakable.
6. World governments and institutions will regulate for your safety until this is not true. You think they'll give up their cash cow and power. In person cash transaction are free, some electronic cash transfers are free or extremely low cost.
7. I'm guessing there will be regulation and adjustments to those policies over time. I know they are supposed to be preset and unchangeable, the dollar was once fixed to gold as well.
It may well be that bitcoin will be a mainstream or black-market currency for those with personal wallets for a long time to come. It, like any fiat currency, could also become worthless. Congress is already trying to pass legislation in the name of preventing money laundering and criminal activity. I appose those actions, but congress doesn't seem to listen to me.