But Bitcoin seems to have no use case, and it takes more and more energy as the price goes up.
The higher price absent any use case or advantage seems like it only has speculative value. It could become a religious thing where it has value because people value it: a lot of gold’s value exists for this same reason.
But I’ll wait to see how things play out with Tether before thinking that is likely. They are under pretty severe reporting requirements for the next two years and if they can’t show reserves for the $30 billion they printed last year they are in trouble.
