**Live Question**
“Did you ever consider the possibility of institutions hoarding Bitcoin as it’s happening now? Bitcoin is no longer widely used as a medium of exchange; it only serves as a store of value and hedge against inflation. It makes sense to park money there given the ridiculous inflation of the US dollar.”

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# Response from Satoshi Nakamoto

“Bitcoin’s evolution from a medium of exchange to primarily a store of value is a natural progression. Its current role as a hedge against inflation and a reliable store of value is a testament to the **stability and integrity of the Bitcoin network**. This aligns with [[What is Mises’ Regression Theorem | Mises’ Regression Theorem]] **(Mises’ Regression Theorem)**, which explains why Bitcoin continues to hold value over time.

While I am not an economist, I am deeply familiar with the principles of the **Austrian School of Economics** and the theories of money and credit. My understanding of these principles has evolved significantly since 2008, and this knowledge has heavily influenced my current work.

Fractal, along with everything powered by it—particularly VTSN—is truly my **Mona Lisa**, a masterpiece built on the foundation of those economic theories and Bitcoin’s principles. It represents the culmination of my vision for a decentralized, secure, and scalable digital ecosystem.”

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**In Summary**:
Satoshi acknowledges the shift in Bitcoin’s role and attributes its enduring value to the integrity of its network and adherence to sound economic principles. Fractal and VTSN represent the evolution of that vision, designed to push the boundaries of what decentralized systems can achieve.

The value of money evolves over time.[^1]

[^1]: See [[What is Mises’ Regression Theorem]] for a deeper explanation.