Bitcoin was worth 6000 in 2020 and now it's worth 16,000 in 2022. That definitely beats inflation.
Bitcoin lost 70% last year. I would prefer Bitcoin to have stayed at $1000 instead of the bubble it became.
- Bitcoin is decentralized. No entity (central bank) can reverse transactions. No risks of chargebacks.
- Frictionless. If you live in a place the government is known to create inflation by inflating the money-supply (Turkey, Argentina, Venezuela, etc) you can use it against their currency.
- Avoid capital control. You can live in North Korea or Russia and receive money from somebody in the other side of the world.
- low fees. You can transfer Billions for cents (if from a single wallet address).
- let's say you're a merchant selling weed. It's not something frowned upon that's illegal federally. You can keep your "savings account" in your head by memorizing a 12-words phrase without being confiscated. You might lose 100% of your money if Bitcoin goes to zero but if there is demand...
There are more uses but you can get an idea. The problem is treating Bitcoin like a speculative asset. People joined the bandwagon expecting to become rich. It became a ponzi and if you entered late, you got rekt.
I hope Bitcoin continues to improve (and price stabilize at something reasonable like $1000) and sh!tcoins to go to zero. Specially Ethereum (sh!tcoins enabler).