You yourself has stated elsewhere in this thread that Bitcoin is literally just 12 Years old. You might also have stake in bitcoins/cryptocurrency survival. It

You yourself has stated elsewhere in this thread that Bitcoin is literally just 12 Years old. You might also have stake in bitcoins/cryptocurrency survival. It is necessary for any success of any Ponzi scheme that people become it's fierce backer. But until unless it does deliver any tangible benefit to overall financial system (less overall transaction cost etc.) It is a ponzi scheme. There are long list of soft ponzi scheme (e.g. Amway) that have been running for decades. That does not mean they do not have Ponzi style pump and dump behavior. Bitcoin as it stands (huge waste of energy, Very high transaction cost) is failing in all of it's intended use cases.