Yet it is backed by nothing, except faith. At least the fiat currencies in the world are backed by the power and military of the backing nation.
Don’t get me wrong. You can make a lot of money with bitcoin. And people made a lot of money with Tulip bulbs. But it’s all about getting out before it collapses - and then comes back - and then collapses again.
Don’t get me wrong. I understand that it may endure. I just don’t believe an investment that is based on nothing but “faith” and the “greater fool” concept will survive in the end. Maybe history will change. I just don’t personally believe it will.
Time will tell. Especially in the next few years (see tag line)
I like your tag line, spot on.