Bitcoin is one of the few ways (if great, knowledgeable care is taken) that Chinese can now get money OUT of China and not affect their social score or otherwise have that act known to the Chinese authorities.
You need Bitcoin to pay ransom to hackers who lock down computer systems. The hackers always want to be paid in Bitcoin.
Fools and their money are soon parted.
Do any financial gurus have an investment opinion on both bitcoin and Facebook’s Libra launch?
I do not at all see why an instantiation of blockchain technology (such as Bitcoin) can be any sort of "investment". It increases in value because ... Why?
Even gold doesn't really increase in value. Gold holds its value in the face of inflation. That is powerful. But gold doesn't truly increase in value the way a hot stock does (or like Bitcoin seems to).
The technology is interesting. But I see this as Tulips in terms of How-Can-I-Get-Rich-Quick?
It’s not currency. Governments have a monopoly on issuing currency. It’s a means of exchange based on an existing currency. As long as there are people who accept it, thinking that it confers value, bitcoin will appear to be doing well.
If Bitcoin is “money,” why is it valued in U. S. Dollars?