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[–] BlowjaySimpson 0 points 2 points (+2|-0) ago 

This is exactly it. The price of bitcoin right now is a direct reflection of our failed fiat central bank systems.

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[–] o0shad0o 0 points 1 point (+1|-0) ago 

Uhhhh, no, that's a bit of it, that's what inspired the idea of cryptocurrency, and is a reason why some people are buying and holding some bitcoin; and some people are buying bitcoin as an "investment" because they're idiots, relying on the price to go up; that's like calling cash under the mattress an "investment" and not "savings". But the main value behind money of any sort is its utility, and people buy bitcoin because it's useful to buy things in ways credit cards or banknotes or gold coins don't work or don't work as well.