[pclmulqdq]

In terms of tech innovations in the modern day, 15 years is an eternity. Google didn't take 15 years to become a massive search engine, FB didn't take 15 years to become the dominant social network.

Bitcoin was supposed to have started acting counter-cyclically (like gold) when it got mass adoption. So, 2018?

Instead, it acts like leveraged NASDAQ in its pricing, and has absolutely none of the utility that a cryptocurrency probably should have. The only benefit of bitcoin is name recognition. That doesn't create a currency or a store of value. The volatility of BTC/USD has only increased, as well as the correlation with QQQ, which does not suggest that BTC will ever become a store of value.

All fundamental signs point to a $0 value for bitcoin. Unfortunately, the dinosaur coin (BTC) will probably drag down the coins with utility (eg Solana, Zcash, and Monero) with it.

[datadata]

It is notable that Bitcoin took fewer years than both Google and FB to reach a 1 trillion market cap. Now market cap is a pretty horrible metric (and 1 trillion is arbitrary), but one way to compare totally different things. Note that bitcoin has always been the dominant cryptocurrency, and google/FB were dominant search engine/social networks much earlier than they reached 1 trillion market cap. What took a long time for them was for the market to value those innovations more highly. In crypto's case, the market valuation actually came quite quickly.

> The volatility of BTC/USD has only increased

Do you have a source for this? The data I have seen is that it is just slightly decreasing if anything, but there are many ways to measure volatility.

[lampshades]

Bitcoin is supposed to replace every central bank on Earth, not MySpace. It's hardly comparable.

[anon2020dot00]

This must be a cos-play for attention; Going around pretending to be some sort of bitcoin fanatic.

[the_sleaze9]

This isn't how we engage debate on hacker news.

Please take this kind of argument elsewhere.