That would never happen. BTC has been out for over a decade now and basically has zero utility other than people trading on speculation? lol - when BTC has any relevance in day to day transacting let me know.

Many moons ago a friend told me they could wager btc at an online casino. He also told me he foolishly traded btc for camgirl coins on a smut website.

He told me his cousin bought a couple pizzas with btc.

Btc has plenty utilization.

One of BTCs few cons is its energy consumption.

unforgeable costliness is a feature not a bug.

The only currency that is backed by something.

Literally.

Few.

True or False:

Bitcoin transactions are truly peer-to-peer and require no third party.

I don't think it matters much if you think of BTC either as a store of value or a currency. The fact that there is rampant money printing now, and almost certainly will continue unabated for the near term makes an independent store of value very important.

Look what has been happening in the bond market the past few years. That cannot be a healthy sign for equities.

What utilization? I can't buy anything with it currently that I'm aware of, only sell it to others.

The problem for BTC is it has no utilization in society - I can't go to the grocery store and buy bananas with BTC - literally all I can do is sell or buy it on online markets. The biggest issue I see is if BTC started to become mainstream at some point where I could go to the grocery store and use it, the government would impose regulations to protect the USD rendering utilization minimal. Holding BTC right now is really pure speculation on the supply/demand and there's really no key factors to argue holding or selling. I don't think there's any indicators that would say BTC is going to 1 million quicker than it could go to 10,000.

You don't see ANY utility in having a money that cannot be debased to inflation?

Zero utility in the only asset that there can never be more of? Everything else can be increased in supply -- RE, stocks, cash, gold, etc

Zero utility in having a money that can't be subject to jurisdictional laws?

Zero utility in the only asset you can cross borders with and travel with your entire net worth inside your head?

Bitcoin may not ever be spent to buy bananas, but maybe it will! By that time you will have missed the greatest asymmetrical bet of your lifetime, but Bitcoin will still welcome you with open arms when you are looking for a safe haven from fiat inflation.

Can you go to the grocery store and buy bananas with gold?

Can you buy anything online with a physical $100 bill?

Hey wait a minute. What is money anyway?

Anyone who thinks BTC isn't currency so it doesn't have utility has already missed the plot.

Genius insight. A non-cash flowing asset’s price is determined by supply and demand. Queue the mindexplosion.gif.

Can you buys bananas with your AAPL stock certificates? Or your house? Or a barrel of oil?

Already answered you before with this which you predictably were unable to refute.

GDP growth last 4 years: $6.6 trillion
US debt growth last 4 years: $11.6 trillion

“BiTcOiN hAs No UtiLiTy!!1!!1!”

Without BTC one could argue there would be no effective hedge against inflation/money printing.

Gold is a hedge but cost of carry make it a less than perfect hedge IMO.

Yet a lot of people have an underlying view that BTC was created out of nothing therefore has no functional value. In 2009 maybe 99.99% of people thought that way. Today, maybe 80%. In a few years, maybe less than 50% when the ship hits the sand.