> Bitcoin is different in that its only real use so far is as an alternative bank account. Only? Thats not true though. > With companies like TSLA it can be s

> Bitcoin is different in that its only real use so far is as an alternative bank account. Only? Thats not true though. > With companies like TSLA it can be sustainable, as investors believe that future earnings will justify the valuation. Why do you keep using stock and equity analogies when talking about a completely different asset class that behaves more like a commodity? So so strange. What does a "pop" and "doom" mean to you? Bitcoin has swung 90% downwards multiple times and all tearful holders at any point in history have a profit right now. The people that are using bitcoin for more than an alternative bank account will still have uses for bitcoin. limited supply cryptographic hashes have utility for a variety of reasons at any price to various market participants, just like oil and gold has utility for a variety of reasons at any price. but yes I can see why that might be confusing when your only valuation model requires revenues and earnings.