Bitcoin’s 50% Collapse Exposes Two Industry Myths by Larry Swedroe

u/AnnArchist · Reddit — r/Bogleheads · February 11, 2026 at 09:56  | View on Reddit ↗
AI Summary

Original Reddit comment

Author argues Bitcoin has no utility beyond spent electricity and computing power, unlike gold with industrial and jewelry uses.

BTC-USD — AVOID Author argues Bitcoin is only trading on spent electricity and computing power and has no utility beyond contributing to global warming. This contrasts with gold, which can be used in electronics and jewelry, making comparisons between Bitcoin and gold invalid and Bitcoin an unattractive investment.

Bitcoin is trading on spent electricity and spent computing power with no utility beyond contributing to global warming.

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u/AnnArchist Reddit r/Bogleheads
Bitcoin has no utility; gold has industrial and jewelry uses.
Author argues Bitcoin is only trading on spent electricity and computing power and has no utility beyond contributing to global warming. This contrasts with gold, which can be used in electronics and jewelry, making comparisons between Bitcoin and gold invalid and Bitcoin an unattractive investment.
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This Reddit post, published February 11, 2026, features u/AnnArchist discussing BTC. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/AnnArchist  · Tickers: BTC