If they're worthless and have value, why are people willing to pay so much for them? I mostly agree with you, overall, but the "value" part of your argument is

If they're worthless and have value, why are people willing to pay so much for them? I mostly agree with you, overall, but the "value" part of your argument is simply wrong. And don't ignore the large positive impact Bitcoin had on people trying to purchase essential medicines. Can you explain why I can't easily buy medicines free of regulation without Bitcoin?