It does create value. It is an inflation resistant currency I can and very frequently do use to buy things and settle debts. It historically trending up in valu

It does create value. It is an inflation resistant currency I can and very frequently do use to buy things and settle debts. It historically trending up in value is a fantastic and expected bonus because of the inflation resistance and utility. I would keep the same amount of value in bitcoin I do today if the price was truly fixed, or if the price returned to a penny. I will not be selling if it drops to 1k either though losing that much buying power seems unlikely at this point. I want an alternative to the banks, which is the problem bitcoin was created to solve. Not to be a stock. I bought an item for thousands of dollars in bitcoin just this week just to dodge paypal fees. Some of my clients pay me in bitcoin too. I am considering offering a discount for it as it saves me conversion fees. The traders are speculating and most of them do not care about privacy or censorship resistance or using it as a currency so they are just here for the hype and greed. They are fickle and will lose a lot of money. I just buy, hold, and spend, because bitcoin is a currency that, if used without kyc exchanges, offers much better privacy and censorship resistance than visa, paypal, or mastercard. Privacy and censorship resistance are utility. Those betting against the internet succeeding long term as the defacto way of exchanging data were wrong, and those betting against decentralized value storage will be wrong too. It will get worse before it gets stable but I am in it for digital sovereignty above all else.