I don’t understand the appeal of your blog, but you bait it here nonetheless.
It’s not crypto and it’s not a currency. Some people think that it is a way to escape government control. It isn’t.
Only the federal government can issue currency. Even if it’s not backed by anything other than the faith and stability of the government (lol!).
Bitcoin is based on pure faith. Faith that some uncontrolled computer system will result in you being able to convert your bitcoin into currency. There have been unexplained losses in recent times. Holdings were lost.
As obnoxious as the system is, the banking system is solid.
Bitcoin’s rise is based on bitcoin’s rise, which has convinced people that they are going to win big. It is a big mass of hot air enclosed in an expandable substance with strong surface tension.
Recall the runup to the Crash of 1929.