Privacy is not part of bitcoin’s appeal and it privacy from the government is out of the question. The appeal is simply to have currency that won’t depreciate.
Bitcoins were worth over $1200 in December, and now they're below $600. I guess the idea is to get a bunch of suckers to buy and drive up the price, then quick dump them before they vanish into thin air.
BTW... what's the FDIC limit on insurance for them? Ah... right... $0.