Bitcoin has lost half its value in less than 12 months, down 13% in June thus far

Wow. An "investment" that is not based on anything is losing value? Whouldathunkit. Now, if you'd generated a few hundred Bitcoins at the beginning when it was possible and sold them when they were worth $100,000+, that would have been quite awesome. But it still wouldn't have been an investment: it would have been speculative trading to other speculators. Because there's nothing behind it. Still, the only value in Bitcoin is other people buying it and it being used for illegal activity such as to traffic in drugs and paying ransomware demands.

This is an excellent quote from the CNBC article: "Bitcoin differs from stocks, bonds and real estate because it doesn’t generate earnings, interest payments or rental income that investors can use to estimate its value, says Robert Johnson, a finance professor at Creighton University. Instead, its price is largely determined solely by investor demand.

“You cannot invest in Bitcoin, you can only speculate,” he says."

A comment in the Slashdot story notes that prominent FORMER promotors of Bitcoin, Marc Andreesen and Peter Thiel are no longer singing the praises of Bitcoin, they're now telling people to invest in AI. Apparently they made their money in BC and got out.

By the way, unless you're really good at timing markets, don't invest in AI.

https://www.cnbc.com/2026/06/12/bitcoins-price-drop-is-forcing-investors-to-revisit-why-they-own-it.html

https://slashdot.org/story/26/06/14/0817238/bitcoin-has-lost-nearly-half-its-value-in-11-months