Hi, Mike.

Short-term drops happen in the stock market too, not just crypto currencies. The long-term trend is what matters to serious investors. And Bitcoin is up 121% over the past year vs an inflation rate of 4%.

Privacy should be important to everyone. Paying for certain kinds of medical care, as just one of many examples, can signal that you or a dependent has a certain condition. That information could raise insurance rates, prevent you from getting a job, etc, etc, etc.

Crypto wallets can certainly be stolen. So can physical wallets. So we shouldn't use them?

And if you prefer to diversify your portfolio by buying antique watches, knock yourself out.

The point here is individual choice. Some people are too risk averse to invest in the stock market. Some don't mind the even greater volatility in crypto. Risk/reward exists in a spectrum, just like everything else.

I don't know where you live, but I do see Bitcoin being used in daily real world transactions. We have ATMs that can dispense USD based on Bitcoin and vice versa. Stores like Home Depot and restaurants accept it as payment here. El Salvador has recognized it as legal tender, and other countries like India support financial micro-transactions using crypto currencies instead of traditional bank accounts, cards, etc, which can have significant barriers to entry for poor people.

You may not agree with it or choose to participate, but claiming that it has no value is really just saying that it has no value ... to you. Fine, but it clearly has value to many others.