Right, nobody buys Bitcoin because of its sales pitch, which was that it's supposedly stable currency. It's supposed to behave like gold by mimicking gold (mini

Right, nobody buys Bitcoin because of its sales pitch, which was that it's supposedly stable currency. It's supposed to behave like gold by mimicking gold (mining, limited supply, divisibility, etc.), but in reality its price behaves like a Beanie Baby. And before you say Bitcoin can be used as a currency - I would say the number of people doing that is vanishingly small compared to the amount of people buying it to speculate on the exchanges.