Bitcoin (BTCUSD)

[Brenum]

In the early days of bitcoin when it traded in the single digits and double digits no one ever considered it to be an investment vehicle. The intent was always to overthrow the oppressive monetary system and to create an inflation immune, efficient currency.

The price stayed stable for a while when it was an ideological pet project of the Anarcho-capitalists and Libertarians, and people actually transacted in it. (Not to say they don't now, but it's definitely not the focus at the moment) Now because of all this growth and speculation I'd say Ancaps and Libertarians are losing control of the narrative. Bitcoin is definitely being focused on for it's growth rather than its utility. Speculation of course will happen regardless of what I say but it definitely will be a trial this currency will have to overcome.

At the end of the day all the Libertarians and Ancaps I know, including myself are making huge bank just because we dropped some money when it was a silly project. Amazing stuff.