I don’t understand the arguments AGAINST Bitcoin.

Doing my due diligence, I look at the pros and cons of anything.

I’ve researched Bitcoin. Through it, I’ve come to the conclusion it is a scarce, discrete, public yet anonymous, diplomatic, easily transferable asset. People therefore use it as an alternative to both fiat and gold because it is an alternative store of value takes the control of the asset out of the hands of the government and banks. Even if one bitcoin was worth 1$, you can still control that 1$ bitcoin however you like without oversight from The government or banks. That’s huge.

And then I look up the people who call it a scam and I’m like…the best arguments they offer are that it’s a Ponzi scheme? Except that doesn’t makes sense because every criticism they say about Bitcoin could also be applied to fiat?

Or they say it has no intrinsic value. What value does gold have? Like really? You can’t eat it, you can’t drink it. It doesn’t keep you warm. It doesn’t make you go anywhere. It doesn’t house you. “It has value” because what? It’s rare and shiny? Because we use it for computer parts sometimes?

If Bitcoin has “no intrinsic value”; what exactly is the “intrinsic value” of gold.

Anyway, I’m not trying to rant or act arrogant. I legitimately don’t understand the arguments against Bitcoin. Like I want to in good faith and nothing presented to me has made sense.