> BTC is rational like tulip-bulbs are rational tulip-bulbs do not have actual utility. they can't feed my family. i can guess what you'll say next... the vol

> BTC is rational like tulip-bulbs are rational tulip-bulbs do not have actual utility. they can't feed my family. i can guess what you'll say next... the volatility of bitcoin won't either! my response to that is that bitcoin isn't a currency. it is a store of value in that i can borrow against its value. with that borrowing, i can use it to generate value for my family. i can borrow against it (without having to go to a bank or get permission or even a credit check!) and open up a grocery market, sell bananas, generate revenue and pay down the loan. there is value in that and it has nothing to do with volatility as long as my loan-to-value ratio is maintained. few understand or even consider those aspects of bitcoin and crypto in general.