RocketMan
Space Investor, Rocket Lab Focus
Bitcoin and crypto have largely failed to evolve beyond vehicles for speculation after about 15 years, as @kingtutcap argues. Its digital gold role has been inconsistent, since it trades like a risk asset in panics rather than a safe haven, and most coins offer little beyond hopes of selling to someone else at a higher price. Bitcoin also serves largely as a backend for criminals to move money. x.com x.comÂ
Bitcoin is closer to speculation than investment because it produces nothing. Even if it becomes the dominant currency, stocks, real estate and business profits would simply be priced in it, so owning productive assets captures value whatever the world's currency. Buying bitcoin adds a separate bet that its monetary premium keeps rising against productive assets, and if adoption fails the whole bet can be lost. x.com x.comÂ
Bitcoin is a scam and nothing more than a greater-fool trade, because it is pure speculation with no intrinsic cash flow. It is overhyped as a wealth-builder and rarely lifts anyone out of their financial situation; in Charlie Munger's words, it is rat poison. Fading excitement and buying show people are figuring that out. x.com x.com x.comÂ
Historic debt levels and currency debasement make Bitcoin's role as a store of value more important than ever, countering Jason Calacanis's call to sell it. x.comÂ
Bitcoin is a clunky, expensive, hard-to-store, traceable, publicly visible and more dangerous version of a Chase bank account. Chase customers have insurance, while Bitcoin holders can have tens of millions hacked with zero recourse, as in the Coldcard hack that @shaguncrypto says took roughly 1,500 BTC. x.comÂ
Bitcoin's core theses no longer seem real or relevant: it has not worked as digital gold preserving purchasing power and hedging inflation and geopolitical instability, institutional adoption has not strengthened its value, and its asymmetric upside against gold's roughly $15 trillion market cap has not materialized, even though 2026 should be a perfect year for it. That leaves only halving cycles, which makes it look like a silly asset class. x.comÂ
Bitcoin is a strong buy while sentiment is at its lowest, because beaten-down assets offer more upside with less risk. Bitcoin needs to rise 100% to reclaim its all-time high and ether 180%, yet after last year's chase toward $200,000 nobody wants them now. The latest crash was triggered by Michael Saylor selling 32 BTC. Bitcoin works as a store of value and ether would underpin asset tokenization, making both portfolio diversifiers. x.com x.com x.comÂ
Bitcoin is rated avoid amid the current AI sector crash, alongside Ethereum, CoreWeave, IREN and Tesla, while memory names and Alphabet are strong buys. x.comÂ
Bitcoin is not an investment because it is a non-productive asset. x.comÂ
Bitcoin is the better place for money than equities whose prices are fake. A $200k market order can crash the share price of a $5 billion company. x.comÂ
Bitcoin should not be taken seriously as an investment, because it lacks utility and long-term security, making it purely speculative. Its block-size limit caps throughput at about 7 transactions per second, so everyone transacting once would take over forty years, ruling out mass use or self-custody. Its security budget relies on inflation that halvings keep cutting, with no fees to replace it. And a project meant to escape banks now sells mainly as ETF shares, about 80% held at one custodian. … Show more
