I’m sorry, has the US dollar never sponsored terrorism? Believe it or not hamas after October 7th posted on their website (who knew they had a website) asking people to stop sending them funds in cryptocurrencies because they’re easily traceable due to the nature of blockchain. I’m not saying bitcoin and other assets haven’t bent sent to terroristS but using that as an argument not to invest in it doesn’t hold water IMO. FIAT currencies have been funding terrorism for years but you have no problem using it in your daily life. You could argue that because terrorists use iPhones that you should never buy an iPhone or you’re sponsoring terrorism.

Here’s a congressional report on it if you want to know…
https://www.congress.gov/crs-product/IF12537

Discount to what? How are you determining the actual value of Bitcoin? There's literally no valuation metrics or formulas.

Bitcoin is only worth what the next sucker is willing to pay for it.

Warren Buffet is one opinion out of many and he’s basically retired I believe. He’s sees no intrinsic value in it because he doesn’t have to. He has already made his billions. I pose a question though, what is intrinsic value? Assets have value because people give it value. Baseball cards that sell for 100k have no intrinsic value, but someone bought it for 100k. Larry Finks official Blackrock position is that you should have about 5 percent allocated to BTC, while his unofficial personal position is that you should have everything in BTC. I think that’s a bit much but whatever. Jamie Dymon even has capitulated. Freddie Mac and Fannie Mae are now considering your crypto holdings as assets when they assess you for a home loan, which is something they don’t do for Gold. I can take a cash loan on a decentralized finance smart contract against my BTC with no paperwork involved and never talk to another human in 5 minutes. I don’t know where Bitcoin will go, but it’s not zero. And if it’s not zero then it’s infinity. At what price will you say it finally has value? 200,000? 350,000? 1,000,000? The people who hate it have been hating it since it was priced at a penny. But it has value and today that value is 70,000 USD.

Believe me, I understand your opinion. I was once there when I didn’t understand what BTC is. I think your opinion would change if you actually invested time and energy into researching it. The smartest people on the planet have publicly disclosed bitcoin positions, every single person in this administration publicly hold bitcoin (except for David Sachs who sold all of his crypto holdings so he could be the crypto and AI czar without a conflict of interest), the tech bros and I would bet one whole bitcoin that Warren Buffett owns bitcoin. Also, if you have a 401k that invests in the SP500, you have bitcoin exposure whether you like it or not. Coinbase, Strategy, and IBIT. Brother, I promise you’re exposed to bitcoin and you don’t even know it.

hey brother, I didn’t say it didn’t happen. Please actually read my posts. Yes, it has been used to finance terrorism. Then hamas said they prefer cash because cash is harder to trace. I’m well aware of the congressional report. Again, terrorizers use iPhones, so maybe you better set yours on fire.

At a huge discount to its all time high. “Bitcoin is only worth what the next sucker is willing to pay for it.” How is that any different than nvidia stock or Gold?

The fact remains that bitcoin has been a very well performing asset. The fastest horse in the race if you will.

My take...

BTC has no inherent value, aside from a product of it's scarcity (difficulty to mine), versus it's utility to people who value privacy (mostly but not entirely criminals, rogue state and non-state actors, sovereign citizens, etc).

It *might* have utility as a speculative investment vehicle. But very hard to predict outcomes, at least for the likes of me. Personally if I was going to speculative I'd do it in a market that was easier to comprehend, like real estate or maybe VC for specific industries.

Also worth noting that blockchains *might* be susceptible to hack via quantum computing... if that happens even once, BTC and all similar crypto will become instantly worthless. I'm not saying it *can* be hacked by QC, but after looking into it a bit I also can't really say I'm confident that it cannot ever be hacked by QC.

Of course all of the above is just investment advice from a pilot.

Bro's whole platform is "just google it" lol

Asset 😂. Let me guess, you own it, recently got creamed, and are hoping to get others to buy some to raise your um “intrinsic value”.
Pump & Dump!

Which, not to argue, holds more credibility than flying advice from speculators.