You have the same issues with gold also. Although it's very unlikely gold would lose most of its value, the price of gold throughout history has fluctuated grea

You have the same issues with gold also. Although it's very unlikely gold would lose most of its value, the price of gold throughout history has fluctuated greatly: https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_price_in_USD.png https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_pri... Even for assets with industrial applications, there's a risk that it may be replaced with something else, or made cheap (e.g. synthetic diamond; aluminium was a precious metal before electrolytic production; asteroid mining?). I agree with your comparison of Bitcoin to tulip bulbs. Just because Bitcoin is used as a store of value doesn't mean it's wise.