There's just one of every zero-value coin out there. BTC is, like those, going to zero. Crypto is pseudo-economics just as vitmain supplements is pseudo-scienc

There's just one of every zero-value coin out there. BTC is, like those, going to zero. Crypto is pseudo-economics just as vitmain supplements is pseudo-science. Almost no one uses bitcoin for anything, it has no economic backing. It's value is pure fiat, pure speculation. The number of actual economic transactions conducted in BTC, i'd say, would place the coin at <100USD. Ie., I'd guess the actual BTC economy is 21m*100USD = 2.1bn at most largely due to the black market. Contrast that with the USD economy which is, what, 100trn worth of transactions? I suspect the black market will keep BTC alone in the 100-1000 USD range. Everything else is going to zero. The value of money isnt speculation, its value is given by the economic transactions in which its conducted. With a gov. collecting taxes in a currency, it has a massive guarenteed value as a gov then requires massive amounts of economic activity to use its currency. The USD, in addition, is the currency of oil trades and the reserve currency of the world. THAT is why it has its value. The number of actual economic transactions in BTC is trivial. No taxes are collected in BTC. So where's its value from? It's just ponzi value, a pyramid scheme.. its a made-up paper value that a few early stakes can realise gains on, when the whole thing collapses 95% of people will lose.