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- ExtraOrdinal Daily #164 | Does Bitcoin Fail If It’s Only a Store of Value?
ExtraOrdinal Daily #164 | Does Bitcoin Fail If It’s Only a Store of Value?
XO Media | ExtraOrdinal Daily
April 03, 2025
3rd April 2025 ||| Issue #164
ExtraOrdinals Daily Alpha is brought to you by @ExtraOrdinalsBTC.
All your Ordinal needs in one place!
Table of Contents
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Todays Top Stories
Editor: @PhoenixxDown
Does Bitcoin Fail If It’s Only a Store of Value?
JACK DORSEY: Bitcoin fails by being irrelevant.
It becomes irrelevant if it's only a store of value and not used for everyday payments.
— Bitcoin News (@BitcoinNewsCom)
5:56 PM • Apr 2, 2025
Jack Dorsey’s recent statement that Bitcoin needs to be used for everyday purchases to truly matter has sparked heated debate.
For many, this has provided a welcome break from arguing about tariffs, instead shifting the discussion to Bitcoin’s actual purpose. And, as always, both sides have some solid points. Could it be that they’re both right? Let’s dig in.
On X, commentator @Atlas2948 agrees Bitcoin could work for payments but highlights major hurdles such as high fees, tax implications, and adoption. They argue that if more people globally start using Bitcoin and the tech improves, spending Bitcoin will become second nature, aligning with Dorsey’s vision.
Bitcoin p2p payments wont happen until people need it, not because you want it.
Right now, people need anti-debasement protection. That's why HODL doesn't need much convincing.
— DETERMINISTIC OPTIMISM 🌞 (@nvk)
1:49 PM • Apr 2, 2025
On the flip side, many disagree. Deterministic Optimism believes Bitcoin’s main role right now is to preserve wealth, not to be spent like cash. @VandelayBTC adds that historically, assets like gold were accumulated first before being used for transactions, suggesting Bitcoin might follow a similar trajectory.
But does that mean gold is useless just because it’s mostly saved? Hardly so, it’s hitting new highs! A 2022 Mises Institute article argues that while money is ultimately meant to be spent, saving is a natural step along the way. So Bitcoin’s current store-of-value role isn’t a failure, it’s just part of the process.
How Ordinals, Runes, and Bitcoin DeFi Can Help
For many of us, Dorsey’s statement immediately brought one thing to mind: Bitcoin assets such as Ordinals and Runes, along with lending platforms.
Bitcoin DeFi is already making Bitcoin more usable. Ordinals allow digital items to be created and traded directly on Bitcoin. Runes, for all the FUD they receive, enable the creation of tokens on Bitcoin, potentially for micropayments, once all these “small” issues get ironed out of course. Wen Agents?!
🚀 Just released: Our interview with Julian Mezger, CMO of @LiquidiumFi - Bitcoin's largest lending protocol with $380M in loan volume.
Discover how they're bringing Chain-Fusion-powered DeFi to Bitcoin through innovative solutions like their new "Instant Loans" feature.
Watch
— DFINITY (@dfinity)
7:00 AM • Apr 3, 2025
Then there’s Bitcoin DeFi.
Lending and borrowing platforms, such as Liquidium, that give Bitcoin more functionality beyond just HODLing. These tools could incentivize spending by creating more dynamic economic activity on the network.
Dorsey makes a valid point, but it’s not the whole picture by a long stretch. Bitcoin’s price action proves it’s already an incredible store of value. But if it remains too clunky for everyday use, it won’t live up to its full potential of changing the world, and that’s what it was created for, wasn’t it?
Maybe Bitcoin should be both a savings vehicle and a means of exchange. And maybe neither side of this debate is a hill worth dying on, because both are correct?
Top Posts | BREAKING: BLIFE reschedule Bliffy Launch:
📢 Important Update
We want the most successful project possible for our community and after deep discussions with our advisors & top KOLs, and given today’s extreme Fear Index in the market…
➡️ We’ve decided to reschedule the @bliffy_agent launch to early next week.
This is
— BLIFE Protocol (@BLIFEProtocol)
3:04 PM • Apr 3, 2025
Top Posts | Ray Dalio dives into tariffs so we don’t have to. Praise be.
You’ve probably heard a lot about tariffs in the news recently. But what exactly are they? And what are the underlying mechanics that drive how they work?
As a global macro investor for the last 55 years, I have studied a lot of history because the past can teach us a lot about
— Ray Dalio (@RayDalio)
5:51 PM • Apr 2, 2025
Top Posts | Satflow Week Day 3: Market aggregation for Ordinals is live!
SATFLOW WEEK - DAY 3
Market aggregation for Bitcoin Ordinals is LIVE on Satflow!
• Real-time display of new listings across all marketplaces, list across all of them with one click.
• Buy externally-listed items on Satflow, save up to 100% in fees!
👇
— Satflow (@Satflow_)
12:14 AM • Apr 3, 2025
Top Posts | Learn how you can stack sats with every Solana transaction!
Spend SOL. Stack sats.
Automatically save bitcoin with every solana transaction.
Your grandfather had a pension fund and the home equity boom.
Your father had social security and a 401k.
You're not getting any of that.Pensions are long gone; home equity will not see a similar
— Red 🍰 (@redvelvetzip)
3:50 PM • Apr 2, 2025
Top Posts | Has Barbra discovered a hidden Ordinals collection?!
Ayooo!!! Look what I found 👀
Early Ordinals Alpha? Maybe
𝕀 𝕗𝕠𝕦𝕟𝕕 𝕥𝕙𝕚𝕤 𝕠𝕟 𝕔𝕙𝕒𝕚𝕟, 𝕨𝕚𝕥𝕙 𝕤𝕠𝕞𝕖 𝕖𝕒𝕤𝕥𝕖𝕣 𝕖𝕘𝕘𝕤
I first saw this Inscription 92009214 on ordinals .com
𝐈 𝐜𝐥𝐢𝐜𝐤𝐞𝐝 𝐨𝐧 𝐭𝐡𝐞 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐢𝐭 𝐚𝐧𝐝 𝐬𝐚𝐰
— 7 (Barbra) (@thatwagmigirl)
11:51 AM • Apr 2, 2025
Top Posts | A video walkthrough of how to earn yield with Xverse x BOB:
How to earn yield on your Bitcoin from Xverse’s intuitive UI with BOB’s 1-Click Bitcoin DeFi!
Here is a short clip from the Crunching Sats recording with Jan from Xverse
I connected my Xverse and a Metamask wallet to stake BTC with just one (!) click
— Doggfather (@DoggfatherCrew)
2:01 PM • Apr 3, 2025
Top Posts | Some more shocking Binance listings stats:
I crunched the numbers for all 2025 Binance listings, and it's a bloodbath.
• Only 3/27 tokens had a positive return: $FORM, $RED, and $LAYER
• If you put $100 on each of the 27 tokens, you'd now have ~$1,500
• The average loss is -44%Basically if you bought a token on
— dethective (@dethective)
9:59 PM • Apr 1, 2025
Top Posts | You can now move to and from BOB from anywhere with DeBridge!
1/ @build_on_bob is now live ⚡
— deBridge (@deBridgeFinance)
1:08 PM • Apr 3, 2025
Top Posts | Ben from BLIFE gives reasons to be hopeful on a gloomy day:
Over the past few months, there’s been a lot of pessimism around Bitcoin-based innovation.
“Runes are a dead end.”
“Worst thing ever that happened to Bitcoin.”
“Bitcoin season 2 is not happening.”Then, on February 3rd, @Odin_GodOfRunes launched.
In just two months:
→ 60,000— Ben.₿LIFE 🟧 $BLIFE (@Ben_Charbit)
1:48 PM • Apr 3, 2025
Top Posts | The STABLE Act will now move to a full House vote:
13 hours it’s finally finished the STABLE Act is out of the @FinancialCmte with another great bipartisan vote of 32-17! 6 Democrats joined all the Republicans after this marathon of an amendment series. Major thank you especially to @RepFrenchHill leading this bill and markup!
— Ron Hammond (@RonwHammond)
3:13 AM • Apr 3, 2025
Daily Bites: Today’s Top Articles
Todays Markets
Catch up with Landy in last night’s Wednesday Check-In:
Wednesday Check-In: Bitcoin Longs Liberated At Resistance + ETH & SOL Head To Lows 04/02/2025
— Landy (@CryptoLandy)
12:43 AM • Apr 3, 2025
Ordinals
The good news? Even though several top-10 collections are down, three of them by double-digit percentages, prices haven’t really changed much from a few weeks ago.
The bad news? Those prices weren’t good then either!
But, as always, it’s all about perspective. Charlie Spears made an interesting point the other day, giving us something to think about there...
Yes this is cope but also if 700 days ago you told me that there would be jpegs on bitcoin selling for 0.03btc I would consider whatever made that possible wildly successful.
— cbspears ◉ (April 11-12 👉 opnext.dev) (@cbspears)
6:20 PM • Apr 1, 2025
Runes (Bitcoin Memecoins)
Looks like $MIM didn’t get the memo that the market is melting down over tariffs; it’s up 17%, more than doubling the Magic Eden volume of its closest rival, $DOG.
And now, $MIM is now just a 4.5x away from flipping the long-time leader.
Meanwhile, it’s a bloodbath over on OdinFun today. OdinGold is the only token making any reasonable gains, and even that’s just 17%.
Normally, this would be a prime bargain-hunting opportunity, but with sentiment this bad, it might be wiser to let the dust settle first.
Todays Opportunities
Giveaways
There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.
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