Expect BTC to break $40,000 before weekend. Good thing I bought in when the price was about $33,000.

This brings up an issue that continues to haunt many today, more than 10 years after the initiation of BTC, that is, the true value of BTC(or all crypto instruments for that matter). I've read somewhere comparing BTC to a picasso painting, that the only source of value in BTC is the price that traders are willing to pay for it, and I feel that this point of view is misguided.

There is a saying in economics that risk=opportunity. Volatility is a quantification of risk, and since opportunity is definitely valuable, we may conclude that the source of value in BTC is it's volatility. Yes, just the possibility of being able to see a return on an initial investment is the asset that is purchased by traders. Because of this, it must be concluded that from the instant of initiation of the BTC, its present value has never been zero. The other thing that must be concluded, BTC(and indeed most crypto-instruments) will never disappear, because for this to happen, an almost uncountable set of conditions must hold in an impossibly exacting time window.

Centralized governments and tyrannies are just waking up to the threat of crypto-instruments to their power structure and increasingly opt to place bans on their subjects from ownership and use of these instruments, but fortunately these measures are too little, too late. Crypto-instruments are the future.