I’ve always been supportive and even excited about what the technology promises, but when I reconcile it with any use cases, I simply can’t get behind the valuations we see. Excluding it being the main payment vehicle for banks, institutions, and individuals (I strongly disagree with this prospect), all the other use cases become increasingly niche. BTC at it’s peak was at a 2 trillion dollar market cap. Gold at the same time was ~10-12 trillion. I respect lindyness and 3000+ years of gold being the best store of value, is enough confidence that BTC isn’t gonna be the next big thing - if it aims to replace it.