Any benefit that a "buyer of last resort" entails can easily be provided by either government or derivatives markets.

Bitcoin takes away resources (energy and semiconductor manufacturing) from socially good things. It is much better when people admit that they are greedy than when they try to paint their greed as some great effort towards saving the planet. This goes for both traditional money managers and HODLers.

I'm hoping for a correction soon, as much as we might all end up unemployed, it would be a great pleasure to see these SV thought leaders cut down to size.