> Gold isn’t in all of our electronics over a fantasy. How much influence do you think the sum of Gold's industrial uses exert over its value? I'll tell you: n

> Gold isn’t in all of our electronics over a fantasy. How much influence do you think the sum of Gold's industrial uses exert over its value? I'll tell you: nearly zero. It's all speculation. > Bitcoin has no real value, outside of a consensual fantasy. All currencies have a value endogenous to their ecosystem. Bitcoin is no different. Bitcoin is used to pay transaction fees in the Bitcoin network. US dollars derive their value because the US government accepts them for taxes. These are equivalent properties, each contingent on the success of the thing that issues them. Owning bitcoin is a bet on future demand for bitcoin, which is a bet on future demand for bitcoin transactions, which necessarily cost BTC to perform. If you believe Bitcoin will come to mediate a significant fraction of global commerce, it's a good investment. If you don't, it's not. It's as simple as that.