Most of the value of the US Dollar comes from international treaties that require barrels of oil to be sold in dollars. This gives the dollar an intrinsic, positive energy value, backed by the military. Contrast that with Bitcoin which has a negative energy value. There are no treaties requiring oil to be sold in Bitcoin.
Energy is what is scarce, has real value, and what drives the economy. At some point in the future, after the hype has died, it won't be worth the energy to mine bitcoin.
Energy is what is scarce, has real value, and what drives the economy. At some point in the future, after the hype has died, it won't be worth the energy to mine bitcoin.