If Bitcoin's value does not come from its utility as a medium of exchange, it is essentially a Ponzi scheme. At least with gold you can use the gold as a decoration. No such property is present for Bitcoin. As long as some people somewhere can use Bitcoin as peer-to-peer cash, it will be valuable to them, and on this basis custodians, institutions, and governments can hold it without a contradiction. On the other hand, if Bitcoin is exclusively the property of custodians, institutions, and governments, who do not seek to use it as a medium exchange, and who bar everyday people from using it as a medium of exchange, Bitcoin's value should be roughly zero in the long run. It lost its utility. I want Bitcoin or something like it to become money along with gold and silver. Fiat currencies are the problem and Bitcoin is a potential solution. I think if you are in Bitcoin for a buck you're just scamming the folks who buy it from you in the future.