[holyheifer]

“During the information technology bubble, we saw a rally in dot-com company shares. But at least at that time, there were people using Yahoo or (Japanese internet firm) Rakuten -- people were using their services,” he said.

-> People ARE using Bitcoin's services, notably Venezuela now after the default. Argentinians have been using it to escape the terrible inflation that plagues their peso.

“But this time, I see quite a lot of people doing crypto-currency businesses in my circle of friends. But I hardly know anyone in person who is trading crypto-currencies and I haven’t seen anyone using them in real life,” he said.

Just because you are living in a bubble doesn't mean people don't use it. TenX's cards have been around for a while and they can be used quite seamlessly. i have also paid my friend for lunch using Bitcoin just to test it out. Heck there are even bitcoin atms in Japan. I think this speaks more about the quality of their leadership than about cryptos tbh.

That said, I am not claiming the currency will go up or down. As noted by some other users, the value is quite arbitrary, and like gold this is a market that is sentiment driven. But if he understood the theory and tech behind it, he wouldn't have made the $100 claim, really makes him look like a joke.