“I saw a piece the other day predicting the eventual collapse of “bitcoin”.It said,among other things,”try buying a car...or a house...with bitcoin”.”
It’s not the coin where the money is, it is with the blockchain development. Companies are investing in blockchain technology to secure payments without fraud.
In the next year or two, companies developing anti-fraud applications will be the hot stock. Look at a company like Ripple XRP.
People are speculating on bits of blockchain, bidding up what amounts to transactional data. The currency remains as always, dollars, euros, yen, renminbi, what have you. Why do people think transactional data showing that they bought something is so valuable, unhackable or not?