Originally Posted by panpanpan

Why is bitcoin not a bubble? What does it actually do? I can buy anything from anyone in the world with US dollars. I don’t need bitcoin. So apparently it failed as a currency before, so now it is “digital gold.” How exactly is it a store of value when it does nothing?

Metals are a real physical asset/store of value that are used in aerospace, electronics, jewelry, dentistry, etc. and can protect purchasing power in times of inflation.

Bitcoin does nothing. Don’t forget about the threat of regulation or theft/hacking. The crash would be epic. The reason it is going mainstream now is because of herd mentality. Look up “tulip mania.”