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Bitcoin is nothing more than a distraction, created to direct widespread
public worry away from concern about the eventual collapse of the
Dollar's value.
What entity would wish to distract investors' attention away from concerns
with the Dollar?
Obviously, the US Government.
Just as obviously, there is no proof of that statement. To substantiate
the statement, we only have recourse to the application of what, in legal
terms, is the question: Cui bono? which asks: "For whose
benefit?"
The answer to that question has to be: "The US Government".
The greatest fear that besets the US Government is the collapse of the
Dollar's value, and Bitcoin is the distractor from the menace which threatens
the Dollar.
What is the menace that threatens the Dollar? The rising price of gold,
which devalues the Dollar.
Conclusion: Bitcoin - and its imitators - serve to distract the attention
of investors away from investing in gold.
Bitcoin functions very well, as a distractor of attention from investing
in gold, because to "invest" in Bitcoin is to use the Dollar to
invest in what is essentially, nothing tangible, as is physical gold. Bitcoin
presents no menace to the Dollar's value.
The mass of American investors have little or no interest in gold. Their
main interest lies in making Dollar profits. The rising price of
Bitcoin attracts the attention of American investors - and that is it
purpose: "Think of Bitcoins, and pay no attention to investing in
gold."
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