IMO, speculation isn't the dominant use case for Bitcoin is store of value (not claiming it's small). With a major, major recession looming, with negative inte

IMO, speculation isn't the dominant use case for Bitcoin is store of value (not claiming it's small). With a major, major recession looming, with negative interest rates, and at a time where owning govt debt instrument actually costs you, where will you park your wealth? Well, parking your wealth in Bitcoin starts to sound like a really good idea: - in spite of the crazy volatility: if you average out Bitcoin value over - say - a 2 years window, it's a pretty safe bet. - it also happens to be pretty hard for governments to get their grubby little paws on your Bitcoin stash (short of torturing the password to your private keys out of you). - it can be moved and spent quasi-instantly anywhere in the world, so no border headaches. - no other financial instrument has the dual property of being limited in supply *and* infinitely divisible (or almost). Most people focus all their mental energy on the first and completely avoid thinking about the second.