Online Public Relations Thoughts

Bitcoin has been on a wild ride in the past week, losing more than half of its value then recovering slightly today.  It is to be expected for a cryptocurrency that has no inherent value other than what people believe.  There is no there there, no government backing its value, no commodity like gold assuring its worth.  What people choose to accept is what it is valued.  Wall Street is warming to cryptocurrencies but one wonders why.  From a credibility perspective, they are not worth much, yet traders risk billions to own them and engage in enormous digital mining operations.  It is not a market I will ever understand.