Cryptocurrency has indeed been through several speculative bubbles, and we may even be in the midst of one now.

However, I think the speculative bubble valuation of 2010 is well justified now. The thing about speculation is that sometimes the speculators are right. Tesla is almost certainly in a speculative bubble, too, but every day they arguably justify a higher base value.

That said, you seem relatively balanced for a crypto critic, and didn’t miss the boat but rather jumped off, so I’m not sure you’re part of the cohort I’m describing.

It's great for you, I love Bitcoin, but there are a lot of other exciting things happening in the world that people should invest in depending on their understanding of the world and their priorities.

I'm also very excited about Moderna's mRNA pipeline for example, building new vaccine for cronic illnesses (vaccines are trivial important application at this point of course), and Tesla's mission of decarbonizing the world and getting rid of air pollution. It's just Bitcoin is what I believe will give me the highest ROI right now to invest later in other important technologies.