[pffft8888]

Bitcoin is based against the wisdom that "all that glitters is not gold." It abuses the "shiny object" trigger in our animal brain. The minute it looks shiny, its price goes up, and vice versa.

It's become a way for people to manage their anxiety around the state of the economy, pumping money into Bitcoin whenever it looks shiny relative to the fiat currency, and getting out when it doesn't, or when it stops going up (no more shiny attraction.) You need a sustained campaign of lies and deception to keep polishing that turd, so to speak.

We're better off without it, but you can't take away some people's psychological safety blankie.