I think ultimately the arguments against Bitcoin here revolve around it (still) being a speculative asset. I believe that speculative assets would inherently ha

I think ultimately the arguments against Bitcoin here revolve around it (still) being a speculative asset. I believe that speculative assets would inherently have the following properties: * Are high beta (outsized correlation with general market moves) * Are not (primarily) counter inflationary due inflation being a much smaller and uncorrelated to negatively correlated with speculation * Are not (primarily) priced by scarcity since sentiment will effect price more than predictably slowing supply * Are not (primarily) priced by usage since speculation is a greater use case for the time being It remains to be seen whether Bitcoin will move into a more mature category. I have a small position (~1%, selling along the way) in Bitcoin under the digital gold argument/for fun, but I expect it to remain more volatile than gold for the foreseeable future.