Bitcoin is objective, hard, honest money. Many view that as a very good thing, myself included.
Governments steal inordinate amounts of energy from the populace with their money printing.
The Pharaohs built the pyramids using slave labor. This was a monstrous, immoral waste of human energy.
Modern governments accomplish the same thing with money printing.
That is the system Stephen Diehl supports.
Yes, definitely makes sense when the main usage of it is money laundering and mindless speculation
"We find that approximately one-quarter of bitcoin users are involved in illegal activity. We estimate that around $76 billion of illegal activity per year involve bitcoin (46% of bitcoin transactions), which is close to the scale of the U.S. and European markets for illegal drugs."
I would love if you could point me towards a current use of Bitcoin that isn't as a currency for illegal goods, or as an investment vehicle -- I'm genuinely curious why you think what I said isn't the case.
I don't think that is the same as "mindless speculation," which is what you said before.
Michael Saylor, who is the CEO of an S&P 600 company, makes a good case for bitcoin as a store of wealth. You can google him and see his arguments if you want.
Also, BTW, money laundering != illegal drug activity. Those are two different crimes.
> https://en.cryptonomist.ch/2021/01/20/chainalysis-crypto-ill...