Bitcoin: The Most Pristine Greater-Fool Machine Ever BuiltBitcoin / U.S. dollarBITSTAMP:BTCUSDRoadToAMillionClubLet’s cut the bullshit. Bitcoin generates zero cash flow to holders. Not one satoshi in dividends, interest, yield, rent, or revenue share. Ever. Your only path to profit is dumping your coins on someone who pays more than you did. Full stop. The protocol itself produces zero economic productivity that accrues to BTC holders. Every single transaction fee? Goes straight to miners. Holding 1 BTC gives you exactly zero claim on future fees, block rewards, or anything else. You are not a shareholder. You own a database entry in a game of digital musical chairs. As of November 2025: ~61-70% of all Bitcoin has not moved on-chain in over 12 months (Glassnode, Chainalysis, Arkham — pick your poison, the story’s the same). If Bitcoin were actually “money” or even a real payment rail, that dormancy number would be microscopic. Instead, it screams one thing: pure HODL speculation praying for capital gains. Real on-chain settled value (not CEX wash-trading volume) is running ~$8-16B per day depending on the source and day (Glassnode, CryptoQuant). Market cap sits at ~$1.9 trillion right now. That’s a daily turnover of roughly 0.5-0.8% of total cap. Even boring Apple stock — a company with actual earnings, buybacks, and dividends — turns over more than that on most days. Visa settles hundreds of times more real-world value every single day with a fraction of the energy waste. Speaking of energy: Bitcoin currently guzzles 160-190 TWh annually (Cambridge, Digiconomist — Nov 2025 estimates). That’s the entire electricity consumption of the Netherlands or Poland… to secure a ledger that moves