It’s bitcoin. What are you going to say? Obviously, it went up in value and down in value and it doesn’t make much sense over the long term. Currently, govern

It’s bitcoin. What are you going to say? Obviously, it went up in value and down in value and it doesn’t make much sense over the long term. Currently, governments are tolerating the loophole of it being used to launder money, purchase illicit goods and evade financial border controls. As long as that is tolerated, it will be successful and when governments start to crack down it won’t be successful, because it sucks as a currency but seems to make a pretty good tulip bulb. Probably an unpopular opinion, but as someone who’s purchased a few things with bitcoin, it has insane transaction fees, is not easy to use and is not a stable store of value, so why people would flock to it as money other than the above reasons is beyond me.