I'm not claiming that a low-latency, no-borders, truly international digital currency is a bad thing. The main issue with Bitcoin is a complete lack of oversight.
As a currency it's dreadful, suffering from tens of thousands of percent in deflation (= value increased relative to the cost of goods).
As a trade product it's terrible, suffering from a lack of oversight from e.g. the SEC, opening it up to price manipulation (see MtGox creating artificial demand, the Tether money printer, the smaller crypto's being fucked around with by traders who have enough money to throw around to influence the price, and the meme coins being influenced by Elon Musk making a tweet about it (although afaik he can't be accused of manipulation directly, this time).
As a currency it's dreadful, suffering from tens of thousands of percent in deflation (= value increased relative to the cost of goods).
As a trade product it's terrible, suffering from a lack of oversight from e.g. the SEC, opening it up to price manipulation (see MtGox creating artificial demand, the Tether money printer, the smaller crypto's being fucked around with by traders who have enough money to throw around to influence the price, and the meme coins being influenced by Elon Musk making a tweet about it (although afaik he can't be accused of manipulation directly, this time).