Why Bitcoin Is Worthless: The Definitive Guide

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About: Winklevoss Bitcoin Trust ETF (COIN), GBTC, Includes: BTC-USD, GLD
by: General Expert
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General Expert
Event-driven, long/short equity, long-term horizon, special situations
Summary

Bitcoin is worthless.

Separate Bitcoin from blockchain technology.

Bitcoin is not digital gold.

Bitcoin can never be a currency under its current model.

Achieving legitimacy would defeat the very purpose of bitcoin.

Fidelity is introducing Bitcoin (COIN,GBTC) to its platform and CBOE is creating Bitcoin derivatives. These actions seem to imply that Bitcoin has real fundamental value, yet I remain unconvinced. While