You can tell Bitcoin is destined to fail by how obsessed its community is with the price rather than any real utility. It’s been over 16 years, and still, nobody uses it for anything meaningful. Bitcoin serves no practical purpose beyond speculative gambling. Compare that to the stock market, while often overvalued (now) as well, stock prices at least reflect companies that produce goods, services, and real value. The same applies to gold, which is used in millions of technologies and holds proven store-of-value properties, as well as silver, oil, and other assets with tangible utility. Bitcoin’s “value” rests on three pillars: Tether-driven price manipulation, retail speculation and FOMO, and the greater fool theory. None of these are sustainable, and all will erode over time. One day, people will look back on Bitcoin as a fascinating case study in how emotion (greed and fear) can completely override logic. It’s honestly spectacular to witness.(Jacob King)