I'm with economist Michael Hudson on Bitcoin. It's not a currency but a market for speculation. Maybe in the future it might become a currency, but I think something less complicated might emerge, that doesn't depend on computation and virtual storage.

Plus, he said that if governments hamper the exchanges by applying taxes to conversion of coin to official Fiat, the market will crash.

Also, what kind of currency can bounce up and down on some dickhead like Elon musk throwing in money and pulling it? It's still based in a system that allows for huge hoarding and greed.

Expand full comment