Why would anyone want to buy Bitcoin or own it unless they are hiding money for criminal purposes or dealing in the dark web. It's evidently not a hedge during crisis as we saw with Iran. It does not provide diversification being that it's highly correlated with stock market on downside and much less on the upside. I honestly cannot think of any reason anyone would buy this. Even merchants who accept Bitcoin convert it to cash. Even if the technology seems cool, this does not make it a good investment.
> Why would anyone want to buy Bitcoin or own it unless they are hiding money for criminal purposes or dealing in the dark web.
Take a look into distributed ledger technology; it turns out that everyone can see where Bitcoin transactions are coming from and going to unlike, say, dollars where international banks regularly launder billions (and receive only mild penalties for doing so).
Yes, buy low sell high does work, but Bitcoin stopped making highs. What happened to $100k everyone been promising for the past 7 years?
Take a look into distributed ledger technology; it turns out that everyone can see where Bitcoin transactions are coming from and going to unlike, say, dollars where international banks regularly launder billions (and receive only mild penalties for doing so).
Still does not answer my question. If anything this makes Bitcoin worse as the justification for owning it , being privacy or anonymity, is invalided.