Bitcoin is hard money.
The government can't print and give itself any Bitcoin.
The government can't stop someone from transferring Bitcoin.
Grasp that, and you can understand why they fear and loathe Bitcoin.
“Bitcoin is hard money.”
Bitcoin is investment speculation just like many other things with a supposed fixed/limited supply. What Bitcoin purists ignored was just how much other investment speculators would enter the Bitcoin market purely as hedge, and then sell their Bitcoin when they lose money on other stuff, causing Bitcoin value to jump up and down NOT based on anything about Bitcoin, but investor gains and losses elsewhere. Bitcoin theortical is not Bitcoin reality. Gold and other precious commodities (even real estate) have more value lasting power than Bitcoin because their value has someothing real underneath them while Bitcoin has nothing real underneath it.