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**Live Question**:
“Did you ever consider a possibility of institutions hoarding Bitcoin as it’s happening now? BlackRock nearly has 500,000 BTC. We’re pretty lucky that this wasn’t happening earlier. I believe you intended Bitcoin to be used for everyday transactions—for the people, right?”

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# Response from Satoshi Nakamoto

Bitcoin is no longer primarily a medium of exchange; it has evolved into a **store of value and a hedge against inflation**. It makes sense to park money there given the current state of the US dollar, which is experiencing significant inflation. Bitcoin will continue to hold value because it adheres to **Mises’ Regression Theorem**, and the stability of its value comes from the **integrity of the network**.

While I am not an economist, I am far from illiterate in these matters. I am deeply familiar with the principles of the **Austrian School of Economics** and the theories of money and credit. Over time, my understanding has grown significantly since I first introduced Bitcoin in 2008.

Today, my work with Fractal and everything powered by it, including **VTSN**, represents the culmination of my efforts and knowledge. It is truly my **Mona Lisa**—a masterpiece that addresses the shortcomings and challenges of what Bitcoin has become, while preserving its foundational ideals.

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**In Summary**:
Bitcoin has shifted from its original intention as a medium of exchange to a store of value. This transformation reflects its response to global economic realities, but Satoshi’s newer projects, like Fractal and VTSN, aim to build on and refine the original vision.