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Bitcoin’s Role in 2025: Store of Value or Speculative Layer?
Recorded: July 16, 2025 Duration: 0:16:49Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored Bitcoin's evolving role as a store of value versus a speculative asset, highlighting partnerships and growth within the ecosystem. Key speakers from various projects, including Change Now, Dash, and Wenswap, shared insights on market trends and the future of cryptocurrency.
Full Transcription
Thank you. All right guys, we are starting our space.
I am approving our speakers right now.
And yeah, it's going to be fun. We're starting out in about three to four minutes just to catch all the strugglers and wait for all of the people and amazing projects and the topic is going
to be burning right now so we're gonna have fun so to just kind of remind you um what we are going is Bitcoin's role in 2025. Whether it is a real store of value
and the actual digital gold
that a lot of people were hoping it would be,
or just a speculative layer
that is used to kind of bring hype into the space
and doesn't really have any meaningful value for the community,
doesn't have any meaningful value for the industry, and doesn't have any meaningful value for humanity at large, kind of.
So, yeah.
Right now we have Victor, who is going to be representing ton thank you
for sharing the tweet in the jumbotron um appreciate it a lot uh we also have um joel
from dash we have ethan who is going to be representing Tan Foundation as well.
We have Lighthouse. We have our new partner, Wenswap Exchange. We have Enflux. We have
Fred from Now Nodes who is going to be a speaker as well. And Now Nodes is going to be co-hosting our space too, because the wonderful people from NowNodes keep bringing projects into, to speak in the space.
So huge shout out to NowNodes.
Yeah.
By the way, can anyone react if you can hear me loud and clear?
Yeah, absolutely. It's working just fine.
Perfect, perfect.
So, right now I can see that most of the speakers have showed up.
And if any stragglers manage to catch up, then I will approve them.
And now let's get to the show.
I would like all of our guests to introduce themselves.
And I would like them to say a few words about their background just so that we are on the same page on who in what we are so uh victor you are guesting
in our space a second time thank you so much for coming in uh would you mind telling people a few
words about what you do and who you are yeah absolutely good morning to everybody my name is
victor i'm global community lead at song and happy to be here to represent, share some opinions, insights, and thank you for organizing Change Now. We're happy to be here and joining. Ethan and Jacob are both also part of my team, leading forward the community on social interactions. And yeah, let's get it started.
and yeah let's get it started. Perfect, perfect. So let's get all of the wonderful
Tom people out of the way. So Ethan would you mind saying a few words about yourself?
Yeah absolutely, thank you. I'm Ethan, I'm currently running the TAN blockchain account on X,
a former board at Yacht Club Council myself. I'm sorry for any background noise. I'm just
sat in the Dubai Mall at the moment at Acosta, so I do apologize if it's loud whatsoever,
but I'm very excited for this space and to get things going.
Perfect. Thank you so, so much. And Jacob, I can see that you are
so much and jacob i can see that you are um here with the ton foundation account so if you could
say a few words about yourself as well that would be just great
just a correction that's also me i'm on my laptop jacob will join us shortly i think from
ton community page we'll ping him up in a second, too. Okay, perfect.
So, Joel from Dash Foundation, our long-term collaborators and kind of partners in crime.
Would you mind saying a few words about yourself?
Hey, everyone.
This is Joel.
I run business development and marketing for Dash.
And I've been using cryptocurrency for a very long time,
using it living instead of a bank account for almost 10 years at this point.
And I'm very happy to be on the space.
Very happy to work with Change Now and the entire, as I call it, the Now empire.
It's a very useful tool for us when onboarding new users and
merchants perfect appreciated a lot brother so um lighthouse uh would you mind saying a few words
about yourself sure sure gm guys gm guys so this is shivang i'm currently heading the partnership
and growth for lighthouse where we are heading the partnership and growth for Lighthouse, where
we are building the permanent storage layer for
decentralized internet from last
three years, and
where you can store your data
related to NFT, smart contract,
D-size space, IP NFTs,
ALM data.
And very excited to talk
about the Bitcoin side
and how it's evolving year on year
from ordinars to BRC20s,
from layers twos as well, like Stack is there.
We'd love to discuss more about this.
Thanks for the space, guys.
Thanks for inviting me.
Thank you for finding the time to come out
and have a little chat with us.
Wenswap, it is your turn to introduce yourself to the community.
Super excited to have you on here.
Yeah, thanks. Appreciate it. What's going on, everybody?
My name is Brian. I'm the lead engineer over here at Wenswap Bot.
A little bit about us. We're an instant exchange aggregator that is focused on
uh privacy and we're proudly built entirely on telegram as an inline keyboard bot uh we've been
around for just about two years and change now has been an incredible partner for us
hands down the best exchange to work with support wise just everything is seamless over here so
really appreciate you for inviting us and having us on the stage and
looking forward to connecting with people after this.
Thank you so much, Brian.
And Enflux, your turn.
Yes, I'm Jelle, co-founder, co-CEO of Enflux. We run market making from like the smaller projects out that we advise on launch,
FedExchange, et cetera, to the bigger ones with multiple, you know,
10, 20, 30 thousand dollars of liquidity. we advise on launch pad exchange etc to to the bigger ones with multiple you know 10 20 30
thousand dollars of liquidity i said that we do otc and very excited to be on the space here thanks
for having me thank you for coming in and we've got our time from corium hi everyone my name is
artem i'm a devrel at corium corium is a layer one focused on RWA tokenization,
built on Cosmos SDK.
Excited to be here.
Thanks for having me.
Always a pleasure.
So, and the last but not least,
we've got Fred from Now Nodes,
who is filling in for Xena who's also um like free machine
permanent face and there's on our twitter spaces so fred would you mind saying a few words and yeah
sure thank you i'm fred nice to meet all of you. So I've been in this space for probably five years,
doing BD for multiple companies. Half of that way I was doing BD for the infrastructure projects,
and now I'm heading the BD team at NowNot. So let's discuss what we have on today. change now are you here oh i'm sorry i forgot to uh unmute my yeah there we go yep um yeah my name
is pauline and i'm chief strategy officer and host of our weekly Wednesday Spaces over at ChangeNow, the Instant Exchange Service.
And let's get to the show.
The moderation is going to be going in this way.
We're changing it up a little bit.
So I've got a few questions prepared.
There are going to
be five of them and um if you have any insight please raise your hand and i will um let you
speak um if you or any one of the speakers in the space uh wants to add on something to the point
also please raise your hand and i will be calling
everyone out in the order of hands raised so the first question that is going to be on the agenda
is is uh whether people still see bitcoin the same way as in past bull run so um
same way as in past bull run so um in the past bull runs uh people kind of saw bitcoin as again
digital gold the electronic cash system and everybody was always um surprised in somehow uh
when the bull run happened and it hit like yet another ATH but right now uh with the new uh all-time high
price of around 120 000 um everybody seems to be kind of strangely silent or unimpressed about it and um in my opinion uh part of that is due to um more like more sentiment going
into um the regular crypto user not the bigger institutional players who are mostly driving the
bitcoin price at the moment and the us government as well. They seem to be
crypto, like they seem to be bullish on crypto. However, not in the way that most crypto community
members are. So kind of keen to hear your thoughts on it. Feel free to raise your hand and I will let you speak.
Ethan, you were the fastest one.
Yeah, I'm passionate about this.
I'll answer the question.
I'll explain the reason behind it.
So I feel like Bitcoin, the thesis never changes,
no matter what the price is or what anyone else's opinion of Bitcoin is.
It's just absolute fact that Bitcoin itself, at least, is perfect money.
And it goes into the properties of money.
So the properties of money include things like durability of money, not like how hard you can hit it until it breaks, but it's a different meaning, portability, divisibility, the amount of supply.
Is it a store of value? Is it recognized as valuable?
How do you measure it uniformly?
All these different factors, which fiat often fails to actually fulfill all of.
that often fails to actually fulfill all of.
Even today's fiat, like United States dollars,
it might be very good as a medium of exchange,
but even for cross-border transfers,
its portability is not that good.
It might be great to send money across
different capital lines or state lines,
via domestic bank transfers,
but if you're transferring money from
the United States to I don't know Pakistan that's going to take weeks it's going to cost lots of
money it's going to have lots of human verification a lot along that process and it's just inefficient
possibly and doesn't make much sense whatsoever whereas uh cryptocurrency as a whole just completely
eradicates the need for any of that um not just bitcoin by the way you know this this isn't just
a bitcoin uh thesis but bitcoin being one of the programs that just fulfill that uh perfect
money thesis so i think no matter what happens to the price of bitcoin goes to one dollar tomorrow
don't care uh the thesis is that it is perfect money.
We can show why it is perfect money and it will never change.
Thank you so much for mentioning that.
And Joel, you also have something to say?
Yes, I definitely, having been in this space for a long time at this point,
I've definitely seen the perception of Bitcoin and its role in the greater crypto economy and global economy shift significantly.
Back in, I believe the first Bitcoin I ever received was in 2013 when someone paid me back for a pizza that we ate.
Again, coincidentally, a pizza.
I didn't realize the significance until later.
And since then, I have never bought cryptocurrency at all. I've only earned it for goods and services.
I've used it as money. And Bitcoin was that role in the beginning. It was the new money,
the replacement for the dollar. It was digital gold you can also spend. And over time, that has sort of
shifted away from the individual's ability to spend and use. And it's been gradually becoming
more of a store of value, some kind of a money in the safe, as it were, valuables stored at home or at the bank or whatever.
And now has been the sort of like institutional darling.
It's kind of interesting, this cycle, where you do see all-time highs,
yet the retail mania doesn't really present itself in the same way.
Where in previous cycles, anytime you see the price going to a certain extent,
most people would have calls, texts, messages, et cetera, from friends and family
who are kind of on the periphery who aren't really in crypto saying,
wow, have you seen what's going on with Bitcoin?
I think I'm going to buy some.
And it's always sort of like the bull market top indicator
when you start seeing people who are not really interested start to say,
I should buy some. And across the board, not just with me, but I've noticed this is not really
happening this time. It's more institutions are getting involved and companies are trying to
allocate a certain percentage of their portfolios to it. And so,
