The biggest problem with "bitcoin" is that it serves no real purpose other than being a proof of concept. It's crazy to think that a proof of concept is out there burning more electricity than several countries combined for no other reason than FOMO. There are other cryptos that utilize blockchain using a fraction of the power and actually serve a purpose (like Ethereum). And others still that use so little energy they make the concept of turning bitcoin 'green' obsolete. Bitcoin is the largest distributed supercomputing project ever undertaken by human beings and the final product is.... absolutely nothing. Imagine if 12 gigawatts per minute (and growing daily) of energy was being burned on research for cancer. Or on the SETI project, or on... ANYTHING else. BTC is proof that an infinite number of humans with an infinite amount of resources will spend infinity searching for a finite amount of fiat currency.
But BTC is where the money is today. Cash in those tulips while you can...
Edited to add: The irony is that Hawaii is the only state that made access to crypto exchanges illegal, for no other reason than our elected officials are only capable of nonsense. They eventually capitulated in the last year or so, but the largest exchange in the world refuses to do business in Hawaii after having to close every Hawaii resident's accounts and the programming and customer service nightmare that caused them. I wouldn't expect any crypto farm investment capital here anytime soon (ever). As if our highest in the country electricity costs and second (?) highest tax rates wasn't enough, we have the most out-of-touch and obtuse lawmakers in the country.
But BTC is where the money is today. Cash in those tulips while you can...
Edited to add: The irony is that Hawaii is the only state that made access to crypto exchanges illegal, for no other reason than our elected officials are only capable of nonsense. They eventually capitulated in the last year or so, but the largest exchange in the world refuses to do business in Hawaii after having to close every Hawaii resident's accounts and the programming and customer service nightmare that caused them. I wouldn't expect any crypto farm investment capital here anytime soon (ever). As if our highest in the country electricity costs and second (?) highest tax rates wasn't enough, we have the most out-of-touch and obtuse lawmakers in the country.