1) Not a currency, 2) Debateable that it's value at all, and 3) "controlled by a select few people" is a remarkably paranoid/conspiracy way to frame that central banking is a necessary function of government.

1) I can use it to transfer monetary value, which is good enough for me, 2) the market puts it's current value at 45k$, 3) doesn't change the fact that central planning has created a very fragile economy.

Transferring monetary value at only 7 tps, while burning resources like a forest fire.

Visa is not worried.

@sideburns, Visa is not worried because they are going to start offering crypto payments.