What about:
1. a few whales buying and selling, and thus manipulating the price (Musk et al.)?
2. similar products, using the exact same technology show that the same can be achieved with any other coin. Emperor has no clothes?
3. your internet anology holds up in my opinion: the internet itself didn’t make people rich, the unique apps, benefits, proprietary technology and marketing, of companies did. Bitcoin is none of these?
When the internet became mainstream, people didn’t understand websites. DotCom bust. When blockchain came about, people didn’t understand Coins, nor NFT’s. Most of the people I know who are into coins or NFT’s work in restaurants, as Uber delivery agents or taxi-drivers, the same people who 'invested' in dotcoms or in houses with 0 mortgage payment for the first 2 years, or those who bought the financial products based on these mortgages.
We may not like central bank-controlled currencies or inflation, that doesn’t mean that Bitcoin is better. Tell that to the taxi-driver who invested his $60,000 for 1 Bitcoin whilst he would have had 3 Bitcoins if he had bought today.
If it isn’t the central bank robbing you through inflation, and the goverment through taxes, then, instead of assuming that you aren’t robbed, maybe you should ask who is robbing you now.
You may find it is the same financial institutions and elites (legalised mafia) that were in on the previous robberies (dotcom, housing bubble, financialproducts, etc.), just like it’s the same people ‘investing’ and thinking they are now playing in the same league as the elites (again).
Also, don’t forget that governments and central banks prefer a managed currency because, if not, this could lead to social revolt. Something that even a large section of the elite is wary of (the wary elites fund the Democrats, the ones who like to see the country, or the world, go to shit because they think they can pick-up all the pieces for free, push totalitarianism: Trump, Putin, Xi, etc.). Destabilising the current financial system, which is far from perfect, further helps this radical elite (no wonder Musk supports shitcoins and a Doge presidential candidate).
