Bitcoin isn’t a cash competitor, it’s a gold competitor - and it’s a pretty good one.

Part of something like gold is the shared social belief in it as a store of value. Bitcoin has this and there’s enough time and infrastructure behind it at this point that I’d bet it’s likely to keep it.

That plus its scarcity guarantee and disconnect from the federal monetary policy of any one country or bank makes me bullish on its future in the long term.

I’m also bullish on ethereum, but for different reasons.