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Don't think it really is. There is a need for a store of value of the digital space and anyone who wants to invest in the digital space in the future will have

• JumpCrisscross 9y ago
  > There is a need for a store of value of the digital space Something like 90% of U.S. dollars are held digitally. Most American stock and bonds are held digitally. Cryptocurrencies aren't novel in being digital. They're novel in being de-centralised. They're pitched in being de-centralised away from the very system the global elite have built and profited from. If the blockchain proves resilient, it will be adopted by central banks. There is no good reason for those banks adopting Bitcoin over something they design.
  • ThomPete 9y ago
    That's not the point. It's not about whether it's digital it's about how it can be used in the digital space. Bitcoin is not just decentralized and thus isn't subject to any political opinion, it's non-inflatory and it's built in a way that both the current elite plus those with less political power can access it furthermore it's actually tracable and not possible to launder. Those are all things that anyone from government to elite to the working class can get behind. Whether blockchain is adopted by banks does not have any bearing on the value of bitcoin and how it can be used. If anything it will only improve cryptos value and thus be a good investment target for the elite. Only if blockchain proves to have no backing and no utility will this trend be inversed. My bet is that it does have backing and does have plenty of utility which will just take some time to manifest itself to everyone.