Whether an asset has cash flow is besides my point. If one buys an asset with the intention of selling later at a profit, they are speculating. It’s fine to cri

Whether an asset has cash flow is besides my point. If one buys an asset with the intention of selling later at a profit, they are speculating. It’s fine to criticize speculators, but my point is it is not exclusive to Bitcoin. The majority of all stock investing is speculation. Very few investors buy stock purely for dividends with no care for whether the price will rise or fall. If Bitcoin is a “ponzi” because buyers are hoping to profit from rising price, then the stock market is also a “ponzi.”