> And being higher over 10 years has little to do with it if acts counter cyclical to stocks and other assets.

BTC has been called many things at many different times. It was originally a payment system:

> A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

* https://bitcoin.org/bitcoin.pdf

And it can still be used for that, however the transaction throughput is tiny, and so it became a store of value in essence: but it's kind of hard to be that when the value swings up and won so much. While "fiat" currency inflation is annoying, it is, generally, fairly predictable in most cases (<4%) and so you can plan ahead with regards to future value and purchase. The same is hardly true of BTC.