> The premise given is that some other technology will displace Bitcoin. This is not implausible, but it also applies to fiat! This isn't quite the whole argum

> The premise given is that some other technology will displace Bitcoin. This is not implausible, but it also applies to fiat! This isn't quite the whole argument. The argument is that BTC provides no utility and never will. Given this premise, and the fact that it will eventually die, its value today must be zero. Whether BTC fails to provide any value and will never do so is debatable, but it is certainly untrue of fiat.