It's interesting- I'm convinced there's at least some evidence that Bitcoin is being used in non trivial amounts for genuine use cases these days, be it as a go

It's interesting- I'm convinced there's at least some evidence that Bitcoin is being used in non trivial amounts for genuine use cases these days, be it as a gold substitute, circumventing monetary controls (or drug markets too I suppose) I'm basing this opinion on the fact that Bitcoin price used to be highly correlated with news a few years ago, but is now more uncorrelated with positive/negative news- This suggests to me that price run-ups in the last couple of years have had a cause independent of speculation, at least in part. The problem is that it is unclear whether these "genuine use cases" are responsible for 5%, 20%, or 60% of the current Bitcoin price... though recent market behavior suggest this number is still on the low side.