Its always the same with these critics, it has no value, it is a bubble, tulips, yadda yadda.
None of that is a cogent criticism because as the speaker admits it does have value if people ascribe value to it, and we do. Moreover, that argument fails to account for the energy, and computing power cost that it takes to "make" a bitcoin, through mining. Those costs are calculable, and must be considered when looking at the value of Bitcoin.
Also the bubble adjective is thrown around so much, I feel like they are chicken little, "the sky is falling". Has it grown rapidly? yes. Has it fallen rapidly after the rapid rise? Yes. Has it always shown itself to recover and grow? Yes. Could it go lower and stay lower than it is today? Not across a long enough time period, not as long as we have global internet, and smart devices to track and trade the coins.
The argument that it will one day go to zero is in my view entirely beyond merrit and in no way worth considerable consideration. Why you might ask, because there is already a large group of people that use it, and a growing audience that know about it, and its use case. As the users grow, the ascribed value cannot disappear.
For the value to zero, the entire user base would have to walk away and too many people cherish crypto for that to happen.
Thanks for sharing.