The Case for Bitcoin

Bitcoin changed the world. There are a lot of reasons I hold a small percentage of my portfolio in Bitcoin. First and foremost is it came first and it has so much name recognition. There are very few things that I am certain will be worth at least something 5 years from now. A corporation could go kaput. A government can collapse. But we all know what Bitcoin is and we all associate it with value. The certainty that Bitcoin will not go to zero is worth something beyond whatever price it may hypothetically drop to.

Then there is the use case. There's no denying it - Bitcoin is useful to criminals, and not your run of the mill criminal, but criminals of the highest order. To me, that caps the value of Bitcoin. I find it hard to imagine a world where Bitcoin is ubiquitous that is not dystopian.

However, I believe Bitcoin does provide balance against the ever increasing power of banks, governments, and those who control the minting of fiat currency. So there is actually, in my opinion, a positive utility here.

All things considered, I dont really believe the price is unfair. Its not too high and not too low. Bitcoin has a great name, an interesting and mysterious history, and I like that it sort of sits there, latent, waiting for a despot to take over a country or the world, ever enabling us to to collaborate on a grand scale, and rapidly too, against such tyranny.