Originally Posted by lomiller
This is just made-up nonsense. Speculators drive the price of any brokered commodity to the extent that the price bears little relation to its "utility" value.
In any case bitcoin has utility. It can't be counterfeited and it can be transferred across the globe within minutes unhindered by man or machine. So bitcoin speculators aren't going to get "bored" and shoot themselves in the foot by dumping their holdings.