The "store of value" narrative is risky because technically Bitcoin is really not uncensorable. if bitcoin were actually uncensorable it may have made sense, but as we can see from the TikTok example, anything is censorable if the government really needs to push for it. The U.S. censoring an app is something that used to be unthinkable but now it's the reality, and I assume this kind of censorship will only accelerate. In case of Bitcoin it's even more so because most normal people don't care about Bitcoin as they don't use it. If the entire BTC crashes, it will only hurt some "get rich quick" people from first world countries and those people won't be enough to get governments to reconsider banning or disincentivizing BTC as store of value. However if bitcoin is being used at scale by everyday people, that's a different story because by shutting down bitcoin, the governments will have to risk their own economy collapsing through butterfly effect.