Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What’s the point in holding this? It’s not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value.

https://preview.redd.it/iuw6qih5jhah1.png?width=1835&format=png&auto=webp&s=94d89462736e16571da98f661954c1e031f3e5f1

I still have hope for stablecoins. But not as an investment, as digital currency.

But in the topic of Bitcoin: is there any thesis left where this coin becomes relevant ever again? What can Bitcoin offer over others? Besides the hope for a future rug pull?

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Bitcoin is officially worse than even the S&P 500 on the 5-year scale now. What’s the point in holding this? It’s not a currency either: having failed at being a cheap medium of exchange, it was never a unit of account, and now it fails at being a store of value.