It’s actually kinda crazy in a “voting yourself money” kinda way. Because as long as people believe that BTC should always increase in value then in the long run the returns should gravitate toward something like the weighted average worldwide inflation rate.
The downside of course is that unlike normal investments they don’t spur the real life economic growth necessary to sustain that inflation.
Wouldn't it indirectly, because people trade bitcoins for USD most of the time, and that USD you'd assume eventually goes to buy products or services?
If you cannot use Bitcoin to quickly pay for your groceries at your local supermarket then it is quite useless to use isn't it?
There are other cryptocurrencies which are more suitable to these very basic use-cases hence why Bitcoin is the easiest cryptocurrency to attack for most critics.
That makes it an official currency: low transaction rates, energy costs, and wild fluctuations relative to other national currencies aside.
I don’t participate in the community. So I’m not sure if the project maintainers have different visions than the investors or whatever.