> The fact that bitcoin's value keeps skyrocketing proves that it is a speculative currency which is too volatile for use. Or it shows that the market still ha

> The fact that bitcoin's value keeps skyrocketing proves that it is a speculative currency which is too volatile for use. Or it shows that the market still hasn't figured out a reasonable price for it. > It could literally drop to zero tomorrow if something happened to it (like a major country making it illegal, for example). There are use cases for it in the illegal markets that keep it from dropping to zero IMO (holding files for ransom, moving capital out of china, buying illegal goods etc), a major fall in price is possible though.