Except if you bought the S&P at the all-time high you'd still have 95% of your money, instead of 10% of your money. Further when the stock market crashed, BTC did too, it didn't help. My point is there are so many hedging options out there, why this one?! If gold dropped to 10% of its value one day how many goldbugs do you think would be screaming HODL and STORE OF VALUE? Or "what if there's a financial apocalypse" when their portfolio looks like they've already weathered Black Tuesday. There are tons of assets out there that haven't dropped huge amounts. Is it sunk cost? Religiosity?

I guess what I'm trying to say is nobody would declare nascent tech stocks to be a great store of value and a hedge against the apocalypse. There's tons of volatility and by most peoples' assessment (not mine though) it's the young up-start go-getter. What makes this different?