> The fact that there is a limited supply will ensure the prices keeps raising, because nobody can "make more bitcoin".. This is a common claim, but nothing is

> The fact that there is a limited supply will ensure the prices keeps raising, because nobody can "make more bitcoin".. This is a common claim, but nothing is ensured here. Almost everything else we put a value to has a more real underlying value that's also growing. Gold has uses in technology, with stocks most companies have real assets that could be sold off, even with art I think most people would be willing to buy an art-piece for the right price. The value of a Monet for me might be a tiny fraction of its valuation, but it's there. But nobody has any underlying interest in a Bitcoin. Its value as a currency for paying for products and services seems to be diminishing as well. You can't make more Bitcoin, but you can easily make more cryptocurrencies, all with the same limited supply (which according to some people means the value MUST increase). And they're all equally interesting. The one exception with Bitcoin is that it was first. You could say it has a tiny bit of underlying historical value. To me, I think it implies that it's inevitable that Bitcoin will have a crash that's very deep and very long lasting. It's impossible to predict when though. In the very long term it'll probably increase due to hits historical value. But by that point I doubt it'll significantly outperform other investments. I also think there's a very high likelihood that many governments will regulate cryptocurrency exchanges to death at some point. A rally against Bitcoin specifically can easily be justified as part of the fight against climate change, since it wastes so much energy.