Crypto CEO Jacob King has publicly questioned the widespread belief that Bitcoin serves as a store of value or an inflation hedge. King points to the original Bitcoin whitepaper, which describes it as a peer-to-peer electronic cash system, rather than a digital gold alternative. This critique comes as Bitcoin experiences a price decline, currently trading at $84,130, sparking debate over its market role. King's stance contrasts with prominent figures like Michael Saylor and Larry Fink, who have advocated for Bitcoin's status as a store of value. The ongoing discussion highlights differing perspectives on Bitcoin's intended purpose and its evolving role in the financial landscape.