Myth: Bitcoin doesn't have a real world use case

One of the arguments of nocoiners is that other investments like stocks, gold or real estate have real world usage that give it value but Bitcoin doesn't do anything. The only thing you can do with it is to sell to another fool.

This is stupid because Bitcoin does have a real world use case. it is decentralized money and fiat currency doesn't have an use case other than being money as well.

Gold is used for less than 5% industrial use and maybe 60% is monetary premium, the rest is it's ornamental value. Keep in mind that the monetary premium of gold used to be much higher.

You can also only make money with gold as an investment if you sell it to a bigger fool.

Bonds often don't even break even in real terms, inflation adjusted while Bitcoin does so easily because of it's fixed supply.

The average stock globally didn't even keep pace with the monetary expansion rate over the past 30 years.

So Bitcoin isn't any worse than many other financial instrument or investments but the fact that it is new and different seems to confuse so many people that they invent new reasons for why Bitcoin isn't real or why it is an illusion.

Of course the fact that this nothing or illusion also consumes a lot of energy triggers normies even more. Then add the fact that many got rich from buying this stupid thing and it's easy to understand the anger of many people.