Bitcoin Store of Value Tool? Analysis and Results

Is Bitcoin Turning into a Store of Value?

One of the most debated topics in the crypto world recently is how Bitcoin (BTC) is evolving into a store of value. Popular crypto analyst Ali Martinez suggests that Bitcoin is moving away from being a peer-to-peer currency towards a store of value. This claim is supported by a sharp decline in network activity.

Decrease in Active Addresses

Martinez noted in his post on the X platform that, based on data from blockchain analytics firm Glassnode, there has been a 42.6% decrease in Bitcoin's active addresses since 2021. This situation indicates a greater trend towards storing value rather than using it as peer-to-peer cash.

Exchange Supply Rate and HODLing Trend

According to data from CryptoQuant, there has been a significant decrease in Bitcoin's exchange supply rate since January 2023. This decline in exchange reserves reveals that investors prefer long-term holding (HODLing) over trading, thus indicating a reduction in liquid supply.

Average Coin Age and Inactivity

Additionally, Bitcoin's Average Coin Age recorded a 16% increase as of January 2023. This suggests that more investors are not moving their BTC unnecessarily and prefer to hold it for a long time.

2025 Performance and Conclusions

Despite this, Bitcoin's performance in 2025 did not fully meet expectations as a reliable store of value. In the last quarter of the year, the leading cryptocurrency experienced a significant loss in value and is trading 4.23% below its value at the beginning of the year.

In contrast, precious metals like gold and silver have proven to be true wealth protectors. Cryptocurrencies linked to physical gold, such as Tether Gold (XAUT) and PAX Gold (PAXG), have achieved over 70% gains this year.