Bitcoin has little shot at ever being a major global currency
Maybe everything is in an economic bubble right now.<p>If you work in a big city and look around; there are tall office buildings everywhere; packed with millions of people. But what do these people actually do? Is that an efficient use of their time in terms of creating value for each other?<p>Maybe cryptocurrency is a bubble, but maybe also everything else is a bubble. Companies like Snapchat are worth billions of dollars, but they lose billions of dollars each year. At least most cryptocurrencies don&#x27;t lose money (except some of them due to electricity costs).<p>Even companies like Facebook which are themselves profitable are deriving most of their profits by providing services to companies that are unprofitable.<p>Maybe the total value of all cryptocurrencies isn&#x27;t actually going up, maybe it&#x27;s the value of everything else around it that&#x27;s hyperinflating. Maybe the current system is just begging to be dismantled.