Bitcoin Is Just a Crappy Tech Stock

What, exactly, is it supposed to be good for? Nobody really needs another way to bet on tech stocks. You can … just bet on tech stocks for that. Unlike the Ethereum network, meanwhile, Bitcoin isn’t widely thought of as a useful platform for advanced financial services. One potential answer is crime—crypto is the preferred payment method for hackers who perpetrate ransomware attacks—but that doesn’t exactly bode well for Bitcoin’s long-term future. So if it isn’t a currency, isn’t a gold substitute, and isn’t even a very good way to diversify your portfolio, what exactly is its purpose? As far as I can tell, other than buying some drugs online, the answer is absolutely nothing.

Eulogy made by Jordan Weissmann

We hate spam as much as you do. You can unsubscribe with one click.