WhalePanda Challenges Bitcoin Store of Value Claim
WhalePanda, a prominent Bitcoin OG and influencer, questions Bitcoin store of value status amid lackluster 2025 performance. He points out that Bitcoin’s adjusted growth from $69,000 to $124,000 over four years amounts to less than 80%—underperforming gold and major stocks like Nvidia (NVDA), AMD and Sterling Infrastructure (STRL). WhalePanda argues other assets offer stronger, more stable long-term appreciation than Bitcoin as a store of value. He also highlights that, when factoring in 10% USD inflation in 2025, the real Bitcoin high was $106,000 in December 2024, not the $124,000 peak. Despite these doubts, he reaffirms Bitcoin’s core utility as an uncensorable means of exchange. Traders should consider its transaction role against competing asset performance when allocating store-of-value positions.
Bearish
WhalePanda’s public doubts on Bitcoin’s store of value narrative may undermine investor confidence in long-term holding. Historically, when key influencers question Bitcoin’s fundamental thesis—as seen during the 2018 ‘crypto winter’—we witnessed heightened sell-offs and volatility. By highlighting underperformance versus gold and top equities, this critique could prompt traders to reallocate funds away from Bitcoin, exerting downward pressure in the short term. However, his acknowledgment of Bitcoin’s uncensorable transaction role may cap severe declines. In the long run, market participants will balance store-of-value concerns against utility, suggesting a mixed but bearish bias on price momentum.