Where I don't agree with you is that bitcoin is designed by the "global elite" because apart from a gambler's token, it is not going to go anywhere that can interest the "global elite".  The sleazy business it is profiting is not the global elite, but second-hand maffioso.  And if it were, against all odds, designed by the global elite, it is a failure in any case.  Don't stare yourself blind on the "market cap" of bitcoin: that's nothing else but one big huge speculative bubble, driven by greater-fool games.  The economic value of bitcoin (the value creation it allows over its competition: fiat, in economic activity) is most probably 100 times smaller, and dominated by dark web markets, its main economic utility for the moment.  Bitcoin's economic value must at most be a few hundreds of millions of $$ worth ; that is, the value creation it helped create which wouldn't have been possible with fiat because of legal or other obstacles.  The 20 billions are nothing else but greater fool speculators waiting for still greater fools.  If they don't find greater fools after 10 years or 15 years, that bubble will collapse.  But there are still a lot of greater fools to be taken, so as long as the black tulips rise in price, you will find speculators flowing in.  But that is not economic value.