I think most of the people putting larger checks into Bitcoin are betting that it will become a store of value asset.
Going from memory, a recent Bloomberg article called Bitcoin: "Gold for millennials".
Or, similarly, Peter Thiel said recently [1]: "it's like a reserve form of money, it's like gold, and it's just a store of value. You don't need to use it to make payments."
Going from memory, a recent Bloomberg article called Bitcoin: "Gold for millennials".
Or, similarly, Peter Thiel said recently [1]: "it's like a reserve form of money, it's like gold, and it's just a store of value. You don't need to use it to make payments."
[1] https://www.cnbc.com/2017/10/26/bitcoin-underestimated-peter...