The Emotional Blind Spot of Bitcoin Investors

Whenever I tell my friends, colleagues, or people on online forums who joined Bitcoin that it is not smart to trade away anything for Bitcoin because it offers neither utility nor a systemic return, their universal response is always the same. They claim it is a currency, a token designed simply to facilitate trade, and not a commodity or a stock. Then I explain that not a single currency in human history has existed without either utility or return. When money was commodity-based, it could be u