This is not a good article on bitcoin as it focuses on valuing it as a medium of exchange. Seeking alpha has a better series on the subject which provides char

This is not a good article on bitcoin as it focuses on valuing it as a medium of exchange. Seeking alpha has a better series on the subject which provides charts and sources to back up its analysis. The above article just cites a Morgan Stanley paper without providing access to it. This part of the seeking alpha series focuses on btc usage: https://seekingalpha.com/amp/article/4122695-bitcoin-series-2-usage#click=https://t.co/XaXsedE15x https://seekingalpha.com/amp/article/4122695-bitcoin-series-... If you look at btc usage, it seems like about 97% of blockchain transactions are speculation. I.e buying/selling on exchanges as opposed to it being used to pay for goods and services. When you factor in transaction costs and the time it takes transfers to go through, it seems pretty safe to say that btc in its current form is not being used as money. This is nothing new. The question now is what if anything is btc worth as a store of value? I’d love to see an article dig into that question a bit more. All the parent article has to say on this topic is: “Like digital gold? Maybe. Does not have any intrinsic use like gold has in electronics or jewelry. But investors appear to be ascribing some value to it.” Which really doesn’t tell you much.