The other point that Scorpion won't acknowledge is how overvalued traditional assets like real estate and stocks have become because so much of the price is monetary premium due to the fiat system. People are just parking their money passively into stocks and real estate to avoid owning depreciating fiat, they aren't really looking too much at valuations (price to earnings ratios, net rental yields, etc). Yet another utility of Bitcoin that we have already discussed is Bitcoin replaces fiat housing will become a lot more affordable because rich people will stop buying ten rental houses just to park their money and protect their money from depreciation. If they buy stocks or real estate it will be because the returns are attractive not as a default option for parking money. This is why rental yields on properties are so low nowadays and price to earnings ratios on stocks are so high. As Michael Saylor pointed out a lot of the monetary premium from stocks, bonds and real estate will be sucked up by Bitcoin.
How am I wrong when the asset I am supporting, promoting, or encouraging others to buy (due to its intrinsic properties) has the highest CAGR of any asset around?
And yet if you save in it, or hold it too long, you won't be able to purchase as much as you could have, being in things OTHER than USD (like BTC).
We are going to find out.
You state things that have no basis in reality. It wouldn't be at all time highs, having proved you wrong several times already, if "no one had a use for it". The statement itself, given market realities is a contradiction. What's weirder is that I'm sure you know this.
Better put, the fact remains that it is the best performing asset in the world, and has been for quite some time. Remember, there is no second best.
