This analysis has a fundamental flaw: marginal analysis. It was proposed by Carl Menger and it explains why essential materials to life as oxygen, or water (the chemical combination of oxygen and hydrogen), has none or almost no economic value, meanwhile things that are apparently superfluous cost a lot of money.

Gold and silver are industrial materials. Gold used to be a monetary store of value, but electronic devices it’s turning it into an industrial raw material. So, as it already happened to silver, gold is losing its monetary store of value status gradually.

It has happened along history with materials that traditionally had both, an industrial and a monetary value, with time, they gave up its monetary value in favor of other things that had no real other use. It is frequently heard the argument, “why this or that should cost so much money? It has no use!” The explanation is “marginal analysis”.

Bitcoin has no other use but storing value or using it as medium of exchange (much more with second layer protocols that will probably be added in the future). So, Bitcoin although it has been created artificially, cannot be corrupted, it is scarce, fungible, divisible, and has all the properties to become the perfect money and store of value.

Now it needs time for everyone to realize this is its intrinsic value to become generalized used as such. The same happened to many other things used as money along history. Nothing becomes money right away on a clap of the hands. It’s an evolution. BTC has barely 13 years. Nevertheless, it is quite astonishing how fast it has already been adopted by many.

Of course, if we do not have electricity, computers, or electronic devices, BTC might not lose its value: it would just disappear. But in that case, BTC will not be your concern. Do you think life as we know it is sustainable without computers, modern communications, and electronic devices? 500 million people over the crust of the Earth would be barely sustainable. If you’re not within the globalist elite, don’t count yourself between the survivors. As it would be the case if all of a sudden we hadn’t oxygen, which has no economic value, you wouldn’t need to worry about BTC anymore. You wouldn’t need to worry about anything at all. At some point, it will be the case of absolutely everyone, when death knocks on our door, even for those who have risen to the high ranks of the global elites.