Bitcoin is more than a currency, so reducing opinions about it solely to "speculating on currency" is disingenuous. Bitcoin is a technology. I've made my caree

Bitcoin is more than a currency, so reducing opinions about it solely to "speculating on currency" is disingenuous. Bitcoin is a technology. I've made my career by picking winning open source technologies and betting my career on them. If you think some people who spend their lives predicting day-to-day price movements are better at making technology predictions than I am, I question your assumption. There's a reason I don't speculate in international currency, but that I am willing to express my fiscal-opinion on bitcoin. I also question your assumption that these groups are anywhere near representing the primary driving forces in the thinly traded bitcoin market at this point. There is no such thing as a nerds-only price for any investment in so much as you believe a given market is efficient. Fundamentally, what I would argue about investing in bitcoin is that small differences in the estimate of the success scenario produce wide differences in fair value estimates of this asset (because the outcomes possibilities are asymmetrical), so if you have a strong opinion on the different weighting of the possibilities it is no more unreasonable than buying an individual stock, and in fact may be the more rational choice.