Bitcoin is in a way silly. However it’s just a lot less silly than anything else real-estate is unaffordable as an investment for a majority of people.
Shitcoins are just all inflated crap no different to NFT’s where they can be created and it never ends.
All fiat can is inflated to infinity.
Gold supply is dictated by it’s price.
I agree I would say there is Bitcoin maxis that treat Bitcoin like a cult rather than an investment or currency but if your gonna be in any cult it’s about the best cult you can be in. Doesn’t harm a single person but the traditional financial system and in the end you profit on the side. I’d even go as far to say it’s a better “cult” than Christianity 😉
People compare it to tulip mania but tulip mania was a bubble because tulips aren’t scarce it’s just common sense Bitcoin is truly scarce it written in the fundamental code.
No one has even done a successful attack on Litecoin yet and it runs on a inferior less secure POW algorithm. The chances of a Bitcoin attack ever happening and being successful are so incredibly small. Even if the CCP tried to attack BTC they’d be unsuccessful.
Bitcoin is real hard money every other currency in history beside precious metals are Monopoly money.