> "Bitcoin remains a strangely useless asset that doesn’t do anything. All you can do with it is buy, sell, or hold."<p>I have to laugh at people confidently making naive comments like this.<p>How about: all you can do with it is store and transfer your wealth in a highly liquid, divisible, digital and fungible form without any use of the state or fiat banking system, which means that it can't be stolen from you through supply inflation (even the US dollar is HALVED in value every decade), or through legal frameworks such as "taxation" or bank bail-ins.<p>A nice addition is that you can't be debanked if you hold opinions that the state doesn't want you to (e.g. Canadian trucker protests).<p>No other asset can offer this (even gold's value halves every 3-4 decades through supply inflation).<p>So yes, just "a strangely useless asset that doesn't do anything"
If USD was printed on gold paper worth it's value I could agree to this article but ultimately it is just a piece of paper we agree holds value. In some cases you might not even hold onto that paper like as a Canadian I can invest and own USD but not have physical ownership of it while it is in my account. Perhaps the dollar could collapse due to politics or some unseen revolt. Or perhaps some massive hacking incident wipes out all computers and records of what I own are lost.<p>Bitcoin is not much different. I don't physically own a bitcoin. And they too can lose their value potentially for various reasons. So to say they are useless really doesn't make sense. They have value if we agree they have value and many people around the world have agreed they do hold value.