You used a very specific term initially which was hard money. Bitcoin is not hard money because it isn't made of a physical commodity and there is no physical commodity backing it. It is digital and has zero intrinsic value because it's just bits that make up a digital ledger.

The US dollar is also a store of value and billions of people agree it has value, but it isn't really hard money, unless we're talking metal coins because those are actually made out of commodities.

There are some cryptocurrencies that are backed by gold. These would be hard money.

You used a very specific term initially which was hard money. Bitcoin is not hard money because it isn't made of a physical commodity and there is no physical commodity backing it. It is digital and has zero intrinsic value because it's just bits that make up a digital ledger.

The US dollar is also a store of value and billions of people agree it has value, but it isn't hard money either.

There are some cryptocurrencies that are backed by gold. These would be hard money.