@ J Martin. I think we are on the same page with the bitcoin and its unique position. There is a limited number and thus as long as it remains popular and in demand value should hold across all currencies or increase. Same can be said for rare art or rare classic cars. However same concept applies to a loss in value such as with rare sports cards or beanie babies, lose popularity and demand and lose value no matter how rare.

I still stand by my statement that the US Dollar is backed by the productive capacity of the US economy. Many folks will state how the US Dollar has lost 97% of its value since 1913 however that is only one side of the equation. I believe once standard of living has been factored in we are still doing pretty good. I would much rather have $1 million today than the inflation adjusted equivilent in 1913.

Many folks also seem to believe that high inflation or even hyperinflation is somehow inevitable because of FED "printing" of US Dollars. I believe it is not "printing" but much better described as an asset swap. In cases of hyperinflation, people seem to believe that it is caused by "printing" money but I see it as a symptom not a cause. Hyperinflation in history has involved these factors. 1. Regime change or overthrown government. (Not a risk in the US in my perception). 2. Owing debt is something other than the currency in which they are the monopoly supplier of. (US "debt" is all denominated in US Dollars and it is functionally impossible to default, however government couldchoose to but it is always a choice, not forced). Weimar(Germany) owed war reparations in gold and other countries had loans from the IMF in foreign currencies as well. 3. Loss of productive capacity. (Like earlier stated US has a massive productive capcity although its trajectory may have lowered in recent years it is still pretty darn impressive) Germany had its productive capcity destroyed with WW1 and Zimbabwe also suffered a massive drop in productive capcity that precipitated their hyperinflationary event.

I wouldn't say that thd bitcoin is a good or bad investment, I feel with a good understanding many things can be a wise investment. I don't see a big reason that the bitcoin will have longevity once the nostalgia wears off. I know you were not impling it could replace the US Dollar. The US Dollar has inherent demand in that it is required to pay taxes in the US which is a pretty good motivator especially since lots of folks want to do business in or with the US economy.