[Paul T]

I watched the first 10 mins, I'll try and watch some more later. I still have a hard time coming to grips with this or any crypto really. The funny thing is, Bitcoin was first imagined as a transactional currency to buy goods and services (the next Visa), but in 15 years it has not even made a tiny dent in that space. Somehow it has now become to be viewed as an asset - yet it has zero claim to any cashflows, it is not backed by any government, it represents ownership in nothing, and the sole reason the price keeps going up is simply because there is a fixed supply and demand has increased, primarily by a few "whales" (Saylor, Wood, etc) that keep buying it by the truckload. It seems to be completely based on the greater fool theory to me. That's not to say it can't go a whole lot higher....these things have a tendency to work till they don't, but I just don't see the utility in it, and there are plenty of downside risks (volatility, hacking, lost passkeys resulting in coins lost forever, etc).

EDIT: I keep an open mind about this stuff however because I'm acutely aware that I'm an older guy stuck in my ways of thinking economically and it may very well be that I'm just not grasping the big picture here. If this thing is going to 5+ million per coin as some people think, I sure don't want to be left behind, that's why I keep trying to learn.