Regardless of whether it's a scam or not, one thing is undeniably true: bitcoin has staying power and with a lot of institutional support being built around it, it's not really going anywhere anytime soon.

Yeah sure there will be volatility in the price for some time or maybe even forever, but at some point we'll have to accept that there are two camps of people: one that believe in it and have a vested interest in it, including in pushing for its wider adoption and the other group that believes that it has no inherent value.

For what it's worth, I'm in the camp that believes that it does have some value, but no where near the level that it's currently trading at. But I'm also a bit biased/bitter, see my submission history :'(