> I think bitcoin is useful and important enough to be worth several large tech companies.
My thought experiment to verify this is simple: Tomorrow bitcoin disappears. What happens? Tomorrow FAANG disappears, what happens?
I don't think it is controversial to say that Bitcoin is NOT as impactful as you are stating. Of course lots of money will be lost, but practically no industry is dependent on Bitcoin so the rest of the world will not notice.
So then I am not sure how you can say Bitcoin is so valuable.
My thought experiment to verify this is simple: Tomorrow bitcoin disappears. What happens? Tomorrow FAANG disappears, what happens? I don't think it is controversial to say that Bitcoin is NOT as impactful as you are stating. Of course lots of money will be lost, but practically no industry is dependent on Bitcoin so the rest of the world will not notice. So then I am not sure how you can say Bitcoin is so valuable.