Given that the rapid rate of technology can make what is "state of the art" today, look like a dinosaur in the future, why the reliance on software as a replacement for money? This Bitcoin hysteria is cultish. Gold persists because technology cannot surpass it's intrinsic value. Bitcoin is just (a) flavor of the month, and (b) already technologically surpassed by newer, more useful cryptos. I posit the only reason BTC has people still excited is momentum on "number go up". Momentum always recedes.

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Platinum Bear's avatar
Platinum Bear 3 months ago
Eventually, people will wake up to the reality of currency is just paper. When that happens people will flood into hard assets: real estate, bitcoin, precious metals. People will choose Bitcoin because it has by far the biggest ecosystem. I don’t think people are looking for “cool” or “flash” crypto. I think they are looking for the hardest money. Nobody is looking to have their wealth debased. That’s why so many crypto don’t qualify for a good money.