[island911]

I get that it has some stealth, (so too a Swiss account, or handing over gold coins) but it's not untraceable now. And, as I understand, there is a transaction cost.

As far as it going up, sure. Just look at the valuation on Tesla stock. So many people looking for a place to park excess cash, that excess cash pumps up everything.. Again, that's pyramid building, IMO, not investment. Investment has tangible future utility.

Also, a *tell* is in the marketing of BitCoin as a gold coin, that people mine. - that imagery is to project a gold-standard backing on something with no such backing. (there is the opportunity) The BitCoin marketing subtext actually speaks to the "intrinsic value" of gold. --Imaging if these BitCoin where called BitTulip and had a picture of a dirty old tulip bulb.

Of course that is not to say that BitTulips could not see stratospheric rise in price. "investors" doncha know...