> First, we've never seen a new form of money created in realtime. Call me when I can buy my latte and groceries with bitcoin, or pay my mortgage. Until then y

> First, we've never seen a new form of money created in realtime. Call me when I can buy my latte and groceries with bitcoin, or pay my mortgage. Until then you've made an investment vehicle, not money. > The tech darlings of today—Apple, Google, Twitter, etc. were also quite volatile as they grew. Survivorship bias. Pointing to a handful of random successful companies and trying to draw conclusions is literally meaningless. > As you may know, the mantra in the bitcoin community is to HODL—hold on for dear life, not to time the market. For long term investors, the ups and downs don't matter. Yeah, this isn't something you actually say about money. Honestly, it would be a kind of cultish thing to say about an investment too. I don't need a mantra for how I invest in my 401k, why does Bitcoin need one? > A publicly traded company that puts its treasury of $425 million into Bitcoin isn't speculating That's the literal definition of speculation, a risky one at that.