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With all the “fake rich” class people needed a new way of showing they are rich, while not being rich / failing to be rich. And Bitcoin, while not being created for that purpose (or being – idk), became a perfect target. Just think about it – you can own a line of code, and nothing more, but be a billionaire sitting on a large pool of digital currency.
YOU LITERALLY OWN A PIECE OF CODE, BUT YOU ARE BILLIONARE PERIOD
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While I do know many “Bitcoin evangelists” will probably hate me for the words above, but don’t you think that Bitcoin intentionally or unintentionally became the new asset for the “fake rich”?
Nothing new under the sky, it is very usual that people want to show their best image and looks and that they spend money, sometimes borrowed money in doing so, call it a Tesla, a Rolex, jewels, ... most of the luxury industry is built on that. i do no see that as unusual.
Is bitcoin part of that? Nah... it may be for some people but bitcoin is something you cannot go a show around (or at least you should not if you know what you are doing) and yes, it is digital, just the money you hold in your bank: an electronic record and nothing else.
I just do not find anything worth in this argument