A quick note in advance: My last post led to a controversial discussion - and that's exactly what I find exciting, to be honest. But let's remain fair and respectful.
On the subject of Bitcoin: I've been wondering for some time what the whole thing actually is. Is it a serious investment or just a huge gamble at the end of the day? To me, Bitcoin clearly feels like a bubble. Not necessarily because the price is high, but because I don't see any real benefit.
In my opinion, Bitcoin is completely uninteresting as a means of payment. Hardly anyone pays with it, hardly any merchants really accept it. Too volatile, too slow, too complicated. And this despite the fact that the price has risen dramatically over the years. If there is no widespread use even with such increases in value, when will there be?
What remains is above all the story: digital gold, limited quantity, inflation protection. Sounds good, no question. But at the end of the day, the price almost only lives from the fact that others are prepared to pay even more for it. There are no cash flows, no business model, no product behind it.
Then there are all the side effects: high energy consumption, problems with regulation, use for criminal purposes. At the same time, Bitcoin is shunned rather than promoted worldwide as a real means of payment. For me, none of this really fits together.
And before anyone says "you just don't get it": Yes, I was there myself. I also gambled and made profits. But looking back, that's exactly what it was for me: a gamble on further price rises, not an investment in the traditional sense.
Bitcoin can theoretically become almost worthless when the bubble bursts. But it can just as easily continue to rise, perhaps even to completely absurd valuations, if the hype simply doesn't end. The only question for me is: is this a serious investment - or are we simply deliberately riding a wave?
I look forward to your opinions.
