This is the sales pitch for Bitcoin, and it does have some merits if you consider the "digital gold" argument. However, as it turns out, too many people got on

This is the sales pitch for Bitcoin, and it does have some merits if you consider the "digital gold" argument. However, as it turns out, too many people got on the boat and started thinking that bitcoin would make them "rich". They flooded the market and Bitcoin transformed into a completely speculative asset instead.