Recently received a lot of comments from Bitcoin fans. The take was this: if the dollar, gold, and oil have some value, why can't Bitcoin be worth $100,000 or around that?

The price of oil, gold, and the dollar is backed by real value: oil and gold have physical properties and demand, while the dollar is backed by trust in the US economy.

Bitcoin has no intrinsic value—it doesn't produce anything useful, and its technology can be easily copied, as it is only the technology that is valuable, which can be easily repeated and create a conditional "Bitcoin 2.0". Anyone can copy Bitcoin's source code and create a similar cryptocurrency. So what is the value of Bitcoin itself, if anyone can copy the technology, unlike the dollar, gold, and oil?

I would add that I am not a fan of the dollar and gold, as with these commodities, nothing can be produced. But oil can be produced, and it is actively used. $BTC #CryptoAdoption #bitcoin