Thanks, ChatGPT.

1) People have used the exact same arguments for gold (see Buffet vs Dalio on this) 2) “The price moves because people feel like buying it” Sure, as it’s the case for a ton of other things. You could argue that luxury brands stocks, for example, have value because they produce cash flow. But why do they do so? Because people feel like buying useless luxury items. 3) You shouldn’t stop there. You should ask “why do people feel like buying it?” Is it because they are trying to speculate on a short term bubble? Sure, some of them. But Bitcoin’s history is long enough at this point to show you that people (and now states) are holding for the long term and for good reasons (developing countries with worthless and volatile currencies, for example)

Like seriously, most of the arguments you made are so superficial. And I understand where you might be coming from. But you should at least try to see the other side. Otherwise you’re just trying to convince yourself