Now, imagine that at the next table is Laura, a financial analyst who sees the same charts as Daniel, but interprets a completely different story. For her, "digital gold" is nothing more than a shiny mirage.
"Call me old-fashioned," she says with a calmness that is unsettling. "But the value of something should be anchored to reality. What does Bitcoin produce? What cash flow does it generate? Absolutely nothing. Its price is based on one thing: the hope that someone else will buy it from you at a higher price tomorrow. It's the definition of a purely speculative asset."
Laura brings up the wild volatility. "How can you call 'store of value' something that can lose 20% of its price while you sleep? People have lost their life savings over a tweet or a rumor."
Then she points to two elephants in the room. First, regulation. "Governments are not going to relinquish control of money so easily. At any moment, strict regulation in the United States, Europe, or China could make this house of cards collapse. They are playing in a minefield without knowing where to step." #bitcoin $BTC
