His points are actually quite good. Bitcoins price is based on what the next person will pay for it but that’s the exact same as anything at all. Bitcoins value is different. It provides a service that he might not need at the moment but other people in many countries need and are using. Ie there is a desperate need for this product.
1. It is money that can be transferred from anyone to anyone, anywhere in the world and cannot be censored by banks, governments or other bitcoiners
2. Verifiably scarce and cannot be inflated.
3. Decentralised enough and protected by enough computing power that it cannot be taken over.
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