Investor says BTC's 'identity crisis' makes it hard to explain

It is becoming increasingly difficult to explain the investment value of Bitcoin to investors, according to Ran Neuner, host of CNBC's Cryptotrader show and a prominent crypto investor. Citing a post on X from Neuner, CryptoQuant reported that he finds it hard to present a clear, fundamental investment case for Bitcoin due to its dual identity. Neuner explained that while Bitcoin has been perceived as both a decentralized means of payment and a store of value like gold, these two roles do not operate consistently in the market, which creates confusion. He noted that Bitcoin often moves differently from safe-haven assets, raising questions about how its value is formed and maintained. Neuner emphasized that investors should focus on long-term strategies rather than short-term price predictions, adding that tracking fund flows is a more useful indicator for understanding the market.