Oldie but goodie — Andolfatto is SVP of the Fed Reserve Bank of Louis:
I think that Bitcoin could be the world’s next great safe asset. At least, it certainly seems to have all the properties that are desired in a safe asset. Importantly, it is a “simple” asset. It’s simple in the sense that it’s a pure fiat object–the monetary objects (called /bitcoin/) constitute no legal claim against anything of intrinsic value. Bitcoin is simply a record-keeping technology (and economists have known for a long time that money is memory). It pays no interest. Possession corresponds to ownership (unless counterparties are involved).
Source: https://andolfatto.blogspot.com/2016/03/is-bitcoin-safe-asset.html
And below is “bitcoin as a simple asset” according to Stable Diffusion:
