I agree with your points but I think that the attributes of gambling you described can also be applied to bitcoin pretty well: - The most skilled wins: btc par

I agree with your points but I think that the attributes of gambling you described can also be applied to bitcoin pretty well: - The most skilled wins: btc participants probably believe they're appying skill (with a heavy dose of luck) to know when to get in and get out of bitcoin. after all $1 million in btc is only useful if at some future time you can do something with it ("cash out"). - Believing that simply getting on the bandwagon of gambling will make you money is outright delusional: this sounds like a pretty accurate description of crypto "investing" as a whole. > The premise that Bitcoin, one day, replaces money If that happens, how many btc will it take to buy a toyota? Nobody knows. Sure, USD may be worthless one day, or it may take $1 billion USD to buy a pencil. But (most) crypto investors weren't "investing" in USD before, the were using it as a stand-in for things of real value.