I haven't read the paper, but based on your description these are really lame arguments. There is plenty of benefit/utility for holding Bitcoin, even if that do

I haven't read the paper, but based on your description these are really lame arguments. There is plenty of benefit/utility for holding Bitcoin, even if that doesn't apply to everyone in the world. The two biggest are the ability to store value outside the control of governments and send value anywhere in the world free of censorship. Many people don't have or a see a need for this, but that doesn't negate how immense the value is. Bitcoin provides a way to opt out of a financial system that's not serving you, and that is an incredibly powerful concept. Point 2 seems even more ridiculous. Just about everything has a non zero probability of perishing over any time period (even our sun :)). TSLA/AAPL/GOOG all have a non zero probability of perishing, but that doesn't make them bad investments.