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Is Bitcoin a good "investment"?

Bitcoin is surging again. It seems like it won't go away despite claims that it is useless. What is your view on Bitcoin as an investment? Here to stay or flash in the pan?

How can anyone know? At least with stocks and bonds I can look at the cash flows and quantify the expected rate of return to see if they match up with reality to some degree. Bitcoin is just a bet on someone else buying the asset at a higher value. You have no idea what its value is or should be. So, the short answer is I don't know and anyone who says they do know is full of shit.

"Pragmatic Capitalism is the best website on the Internet. Just trust me. Please?" - Cullen Roche

I agree there's no good way to value BTC, but maybe transactions per day is a useful measure? That at least gives us some idea of the demand. And since we know supply is becoming fixed then it should appreciate in value so long as demand increases.

https://www.blockchain.com/en/charts/n-transactions