Bitcoin as a Speculative Tool: Is True Value Lost in Market Mania?

A new perspective challenges the idea of Bitcoin as a digital gold or an investment vehicle, questioning its fundamental purpose and the influence of speculative forces. Jacob King, CEO of SwanDesk, argues that Bitcoin’s initial design was for peer-to-peer payments, not the high-value speculation it is today. He contends that the shifting narratives around Bitcoin are fueled by a need to maintain price stability through continuous investment. 🧐 💰 📈 This has led to a Bitcoin speculative tool environment where value depends more on belief than practical use.