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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have around 1% of my net worth in bitcoin. I think it’s a reasonable to assume it will continue to increase in value. There is limited supply (they can’t create more than was initially created) and there is increasing demand from institutions. It’s an asset like any other and if demand is greater than supply the value will go up. Other crypto is not the same.[/quote]

It's not "like any other" 
It's a completely speculative bubble asset except as a liquidity provider for illegal activity. [/quote]

People have been saying that for over 15 years now and I'd have agreed with you for a long time. But now I suspect it's here to stay. The comparison with gold is a good one. Why is gold, a useless metal, so valuable? Only because humans made it valuable. Same with bitcoins.

Still don't have any crypto but am thinking the next time it crashes, which it inevitably will, I'll put a small amount in it and let it ride. [/quote]

Gold is actually a useful metal, unlike Bitcoin whose very existence is destructive to the world by its essential design (Proof of Work / Proof of Waste).

Gold's price may be inflated by its use as a store of value, but that's different.

The problem with Bitcoin as a real store of value is thar it is only safe when it isn't being touched. Whenever it actually is used for anything it is much easier to rob a Bitcon "bank" or "armored truck" than areal physical bank or money truck. The modern "safe" "Bitcoin" investment vehicles aren't Bitcoin at all. They are goofy financial derivatives products that write contracts to try to march the published trade price of Bitcoin, like Lehman Brothers in 2008.[/quote]

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