Bitcoin hits 90.000 USD and yuppies are still in disbelief.

Bitcoin has 0 economic value! Really? 

In contrast to the academic consensus belief, "money" is in fact a market good like all other goods.  Economic charlatans were able to capture academic discourse roughly 100 years ago and convince politicians that the state has a monopoly on money.

When somebody operates a monopoly, the operator can raise prices indefinitely, and you still need to consume their product if it is essential to your daily life and there is no substitute for it.

This "raising of prices" by the government, in the context of money, is what leads to inflation. Like any monopolist, the government profits the most from "raising prices" on everybody who is consuming their money, because they can pay down the debt they accumulated in the past.

In other words, the government accumulates debt to fund their idiotic policies, and then uses its money monopoly to raise prices on everybody else so they can keep funding their non-sense.

That can't be true, because if it was true, somebody would already have done something about that.

Well, let's say people unsuccessfully tried...Why? Governments and politicians are able to enforce their money monopoly through violence, law and market manipulation.

For instance: It is not possible for you to pay your taxes not in EUR. If you try, you go to prison. In other words, the monopolist is able to dictate what is law and if you don't comply, it will threaten you with violence.

The other option would be for people to break the monopoly by creating a substitute currency. The only real contender up until now is gold. However, as gold is physical in nature, it is easy to capture. 

By now, it should have "clicked" in your head why Bitcoin has value.  As Bitcoin is digital, global and decentralized, it cannot be coerced by violence, laws or any other way. 

Bitcoin is the perfect financial infrastructure and the "wheel breaker" for our current financial system. For the first time in history, we can build a financial system without government intervention.

Wait a minute, you thought Bitcoin was money? Yes and no. You need to split Bitcoin in two parts in your head. Bitcoin the network and Bitcoin the currency.
What you can buy online is Bitcoin the currency. And Bitcoin the currency has value because it is the only accepted "currency" on the Bitcoin network.

In summary: Bitcoin the currency has value because of Bitcoin the network. And Bitcoin the network has a significant amount of value because it is the first financial infrastructure in history which cannot be captured by governments. The first free money ever created.

Only because YOU do not have a problem with our financial system, does not mean that 6 billion people do have a problem (which is the majority).

Dimiss BTC at you own peril. Intellectual arrogance will ruin you.
https://m.primal.net/MArY.jpg