> I don't think the answer is nothing. Seriously? Think about it. If you could pay, say, $100k to own all the bitcoin in the world, would that be smart or woul

> I don't think the answer is nothing. Seriously? Think about it. If you could pay, say, $100k to own all the bitcoin in the world, would that be smart or would that be stupid? Why would anybody buy bitcoin from you if you owned all of it? Everyone will prefer to use a cryptocurrency that either: a) they already own some of; or b) a merchant is requesting; or c) they expect to go up in value more than an alternative. Now, in calculating c), everyone knows that everyone else is looking at a) and b) as well. The expectation of Bitcoin if you're the only holder is really bad. If you like your chances at 100k, take the experiment out further. How about 1 million? 10 million? The ceiling here is super low relative to the "market cap" people are talking about. So it's not just the buy/sell dynamics. Bitcoin doesn't have intrinsic value, and that's actually weird --- most other securities do. The most similar security is gold, which is like, 1% intrinsic value and 99% this type of speculative logic. The difference is that gold is unique --- bitcoin isn't.