Sure. There was a good discussion on it here:
But essentially Bitcoin’s main utility is in transferring finances from one person to another on a distributed ledger. However all the big financial players like Visa, Mastercard, ING to name a few are doing more and more research into blockchain for money transfers, KYC, anti-money laundering, bond and asset issuance, and just to have a solid and transparent distribution and ledger system. Once this is in place, it’ll render Bitcoin’s main utility null. Not to mention however that the utility as it stands currently is so volatile that transference of finance is not ideal even now. Nobody wants to get paid in something that can lose or gain value as quickly as Bitcoin does. These days with the price skyrocketing to 28k, it’s even more a reason to avoid transferring wealth this way IMO as that bubble is going to burst. So its utility in transference of finance is unstable. Not to mention also that Bitcoin created its own utility - Bitcoin has the ability to be transferred on the Bitcoin network, in essence being judge, jury and executioner as I mentioned on the thread link above. Precious metals or real estate, for example, do have real intrinsic value and utility in that they are used in technology (for metals) and for a functioning society (for both metals/real estate).
So in essence; Bitcoin has no needed utility, the utility it does have is unstable and self created, the semblance of utility it does have will be used in future by traditional financial institutions with stable currency, and it can’t be considered a store of value as it has nothing backing it besides the time and electricity people put into mining it. It’s a self driven behemoth driven by supply and demand for supply and demand’s sake.
I have bought and sold bitcoin for profit in the past, and will do so again in future, as the aim of the game for me is to make money! As an investment however, I’m avoiding it for the reasons given above.
Blockchain tech, which Bitcoin is built on though, I do love. I can see that having a bright future.