Bitcoins have no value. Nothing is more an indication of quantitative easing and bubbles and so forth than Bitcoin. A $12 billion market cap, as worthless as the $12 billion valuation of some unicorns.
Warren Buffett and Charlie Munger have both been around 85 years and know when something has value and when it doesn't. "Rat poison" is what Munger calls Bitcoin and Buffett also notes their worthlessness.
Why does a Bitcoin have value? There is no answer to this question. They're as worthless as Ponzi's postal reply coupons. One day, like Flooz and Beenz and other worthless "electronic currencies" before it, Bitcoin will come crashing down into worthlessness.
It's surrounded by scammers - Mt. Gox, Butterfly Labs was raided, on and on. That should tell you something.
Warren Buffett and Charlie Munger have both been around 85 years and know when something has value and when it doesn't. "Rat poison" is what Munger calls Bitcoin and Buffett also notes their worthlessness.
Why does a Bitcoin have value? There is no answer to this question. They're as worthless as Ponzi's postal reply coupons. One day, like Flooz and Beenz and other worthless "electronic currencies" before it, Bitcoin will come crashing down into worthlessness.
It's surrounded by scammers - Mt. Gox, Butterfly Labs was raided, on and on. That should tell you something.