It seems that way because you are not aware if how it is being used in practice. As a savings vehicle, holding for 4 years has never been a mistake. Globally, and for half a decade, it has been protecting poor people by giving them an exit. Millions of Venezuelans have avoided starvation by using it to avoid massive inflation destroying their savings. It is held in every country and every community.

I remember comments just like yours in the past 4 years who pretended like everyone got in at $20k (a price that existed for a day).

Average price over past 4 years is way below todays price. And todays price is only down due to this coordinated FUD attack.

PS— I am the only one who made a substantive comment on this thread and am being heavily down voted.

HN isn't a place of ideas, it is a place where where only a narrow, anti-human rights, ideology is tolerated.