Is BTC Trending Toward Being Used as a Store of Value Rather Than a Medium of Exchange?

On October 21st, Bitcoin (BTC) prices surged, rising approximately $1,000 that day. Now it has broken through $13,000 and created a new high for 2020. For veterans, this situation seems familiar. BTC price volatility is well-known, with many wild price swings throughout its history. But this time is different. Since the crypto crash in March, BTC has been growing in a way we haven't seen in previous bull markets. On-chain fundamentals suggest it may be heading toward its largest breakthrough yet.