Bitcoin's bull markets often reignite skepticism, with critics citing familiar concerns.

One prevalent argument is that Bitcoin lacks intrinsic value, as it doesn't generate earnings or dividends. However, proponents counter that fiat currencies also lack intrinsic value, relying instead on collective trust. Bitcoin's capped supply of 21 million coins enhances its scarcity, drawing comparisons to "digital gold" and defying the bubble narrative

Another common critique equates Bitcoin to historical financial bubbles, such as the 17th-century Dutch tulip mania. Despite these comparisons, Bitcoin has demonstrated resilience, experiencing cyclical growth without a catastrophic collapse that permanently devalued the asset.

Concerns about Bitcoin's association with illicit activities persist, with some labeling it a tool for money laundering. While Bitcoin has been used in illegal transactions, studies indicate that such activities constitute a small fraction of its overall use. Show Less