Re: Will Bitcoin be the biggest bubble economy in history?

Look at it in macro view. You will see better adoption and higher highs for yearly lowest price.

You live in a more progressive society than me. I literally this year alone was almost in a conversation where people were in agreement that Bitcoin was only used by money launderers and cocaine drug lords. They were not being funny, either. They were top-of-the-line highly-qualified finance people with decades of collective experience and education. I just shrugged and said "you're right".

Those are actually excellent use cases for Bitcoin, and may it never be stopped from being used for moving value across countries illegaly, and for buying drugs from the dark markets. The moment the authorities can stop Bitcoin from being used for illegal activities, is the moment Bitcoin has lost its main value proposition.

the main problem of not being able to be controlled and monitored, the implication is that the impact can be good and it can be bad. but the fear is that abuse, as you say, is used to pay for the sale of illegal drugs between countries where obviously no one can do anything about it.
may also be used for money laundering for corruption which will set a bad precedent in the future.
This is problematic, make there are many still many countries that do not recognize it as a legal medium of exchange.