An asset can't be a store of value if it's volatile in the short term is what you're saying? If you pick any 4 year period from the bitcoin chart, it's always up in price, still not a store of value?
What's your definition of a store of value or what time frame are you using?
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Something that will retain its value over time and can be exchange for the same, or more.
The problem with isolating time frames, what you call the short term, is that we are now 9 months in during a major run up in prices. Hence, Bitcoin failed in that regard.
If you have a major run up with near double digit CPI readings, and BTC is down 70% how are you calling it a store of value.
Sure over the long term we could say, it heads higher. But then so does Amazon stock. Yes few would turn to that as a SoV.
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