…ized the issuance of money and continually undermined its use as a store of value, creating a false belief that money is primarily defined as medium of exchange. Many have criticized Bitcoin as being an unsuitable money because its price has been too volatile to be suitable as a medium of exchange. This puts the cart before the horse, however. Money has always evolved in stages, with the store of value role preceding the medium of exchange role. One of the fathers of marginalist economics, Stanley Jevons, explained…