Bitcoin and other fake money has survived a lot longer than I thought they would. But it's still not real money. It's just pie in the sky fantasy money that is not really worth anything at all. I remember when those NFT things were all the rage and people were paying stupid money for them. It was just retarded from the get go but it sure sucked in a whole bunch of idiots. I feel pretty much the same way about all these digital currencies. One day the rug will get pulled and all that money will go "POOF".
When I got my coin mid 2017 it was less about handrubbing intensifies but about having a way to do business with and make donations to dissidents.
Debanking was beginning to show how utterly dependent we are on a few institutions to be able to do commerce. Bitcoin fixed that.
Luckily, I only ever invested as much as I could afford. If it all comes crashing down, not the end of the world.
I'm all for that too. I would invest lightly in it to generate a profit. But I would never count on it to be there when I really NEED it.
Even cryptocurrency companies are hedging their bets. Tether says it will invest up to 15% of its portfolio into Gold.