Reading through these comments is incredibly stupid. And some of the comments in the article were incredibly stupid too.
One word: Scarcity. There will only ever be 21 Million BTC. That's a very rare commodity on a planet with 7+ Billion humans.
The volume arguments would make sense if we were experiencing the consumer fomo from 2017. But we're not.
Pretty much ALL investment analysts have lost faith in governments and the stock market. We know how ludicrously inflated a lot of these numbers are, and we know how FIAT is being printed non-stop and willy-nilly and HAS been now for decades.
The interest in BTC this time is coming from giant investment firms, banks, traders, and other investment professionals looking for a hedge. Because everything else is a bubble ready to pop: Real estate, stocks, fiat, bonds.... All of these traditional investments are set to implode. Anybody who has watched the market for more than a decade is well aware of that. When will it implode? Very hard to tell. But Covid isn't making it likely to happen later rather than sooner.
The other aspect of BTC that everybody seems to be getting very wrong is HOW MUCH has been lost already. In the early days people would put thousands of BTC on a flash drive, and just lose the flash drive and laugh because it was only $10 worth of BTC.
I'm a seasoned crypto veteran who has been working in the industry for almost a decade now, and I have my own stories of misplacing a private key, sending to a wrong address, and other things that have eaten away at some of my profits. Now imagine non-tech-savvy investors trying to play with BTC and recognize that that probably constitutes the vast majority (90+%?) of investors.
Duh. There is a LOT of BTC that will never show up again.
Which means it is MUCH scarcer than only 21 million to be divided by 7 billion. Probably more like 10 or 11 million to be divided by 7 billion. Rounding those numbers and splitting the BTC between every person on the planet would mean each person gets about .003 of a bitcoin. Which is why people say if you have .28 BTC you will be in the top 1% of the wealthiest people in the world within 10 years, and I agree, but think that number will probably be closer to .028.
Now, there are a few big issues that could slow BTC's roll:
Another crypto supplanting it (highly likely imho)
Government making it illegal (highly likely)
Quantum Cryptography breaking the existing protocol (probably solvable)
Government Crypto supplanting it (highly likely)
Population Decline (somewhat likely)
So it is likely that BTC will not "moon" as quickly as some of it's fans suggest. But I think it WILL moon, unless it is supplanted by a better crypto with better privacy, speed, etc.. (PIVX? some other superior tech?).
At any rate, betting against BTC is a provably foolish exercise in stupidity, and the comments here on slashdot show that this is either overrun with government/corporate shills, or that our "community" is woefully ignorant of basic math and economics.
