Decentralization is obviously the best advantage that Bitcoin provides to its users because we have been under the control of these financial institutions for centuries and there was never a way for people to actually keep their own money with them in a safe manner without having to keep them in paper cash that is prone to a lot of issues and without giving anyone else access to their money and always having access to their funds no matter where they are.
Why is it so easy to forget about some other physical assets as a store of value, such as gold, silver, real estate, stock investments and so on, once you get to know bitcoin?
Bitcoin is still less than 2 decades old, but its innovations have made it a better store of value than some of the options before it. I haven't forgotten the history of storing asset value before bitcoin was invented, but maybe people have forgotten it just because they have managed to make huge profits from bitcoin in a relatively short time compared to other assets. Fiat is not a good store of value due to inflation, but some other physical assets can still be considered.
After all, Fiat has never supported your right to privacy, as it adheres to a centralized system controlled by financial institutions. Decentralized bitcoin provides better privacy protection, but you must follow and implement the recommended methods to ensure privacy.
When you look at the whole picture of how value is stored, Bitcoin's design offers an option to the old ways. 0Gold, as valuable as it is, is big. Real estate cannot be moved. How about stocks? They're tied to how well the company does. But Bitcoin, in all its virtual glory, smashes these limits. It's easy to carry, can be split up, and doesn't go up in value.
However, some people may disregard traditional assets due to Bitcoin's quick value growth and anti-establishment mindset. Don't, however, dismiss Fiat's contribution too quickly. It offers a benchmark against which we gauge the worth of Bitcoin despite its shortcomings and centralized administration. The contrast is rather stark: while Fiat remains a link to the past, Bitcoin gives independence and privacy. In this new era, we must remain informed, retain a fair perspective, and combine what we already know with what we learn.
