A fallacy in every aspect.
I just finished reading a new post that same Op created to explain this one, that's why I had to come read this to even understand the theory and hearing.

I don't have much to say though because I believe the U.S crypto currency reserve bank and other countries that have crypto reserve banks and have accumulated crypto currency including Bitcoin overtime, are all confused and misdirected. Including the regulations and policies like Clarity Act and agencies like CFTC or SEC that agree on the existence of Bitcoin as an asset and commodity in some instances and other crypto currencies are all delusional too.

I haven't even gotten to the part where large institutional holders accumulate Bitcoin on their balance sheet because they think it's valuable numbers and must have enough of it.

Everyone including OP has a right to air their opinion and that's why while some remain conservative in thoughts and languish in poverty, others take risk and get rich.

It seems that OP just want to troll people, by posting crazy claims and pointless statements here.

But let's assume you didn't know anything about it.

Then you are wrong OP since its not good to assume that asset mush have physical existence to be called that asset exist.

Since Bitcoin is the same with those digital asset which is transferrable, people can verify its ownership and have limited supply.

Try to look at you bank balances since its the same numbers in the database. Then the system behinds it give it a value that's why its truly a crazy claims that there's no Bitcoin while in fact it exist successfully same with those digital fiats.

Bitcoin works the same with those other digital assets that you currently know.

So If you assume that Bitcoin does not exist, then those stocks, digital money released by corporate or institution and other assets we could fine online is not true? So you claim is not factual and maybe you just have limited knowledge on Bitcoin that's why you said all of this things.

It's the same with fiat currencies because we only see the numbers in our savings accounts and don't necessarily have them available at any bank branch when we withdraw large sums. I've personally experienced this situation. I read the article and found there was almost nothing in the collective content worth reading, and I also have no intention of convincing you about Bitcoin if you're not interested, don't believe it, or don't know the truth. In fact, Bitcoin has evolved far beyond what was imagined, and everyone recognizes that Bitcoin is a different asset, positioning it as a potential asset.

Please, educate yourself about numbers: https://medium.com/@mario.kb99/bitcoin-how-an-anonymous-programmer-created-the-biggest-collective-delusion-ever-789d1dd19cad

In response to the casuistry posted in the OP's post, it can be argued that bitcoin is not a convention, but the cost of cryptographic protection of a cryptocurrency system, which includes the cost of electricity and equipment. Of course, there is also a speculative component to the price. But where is it not? From SpaceX or Nvidia? And now tell me that the number is conditional and immaterial... It is no more immaterial than the coal spent on generating electricity.

PS In general, neither governments nor banks have such collateral that would cover the total global debt. A debt is just a promise. Actually, that's why money with unlimited emission appeared. If the debt system were based on collateral, the world would still be living in a gold-standard economy. So the fiction is rather money (a debt that will never be paid)

You are a newbie that needs to understand the system and how Bitcoin works. For all your arguments claiming that Bitcoin does not exist is like a man arguing that their is no need to own a digital copy of your photograph when you can aswear keep the physical copy.
Bitcoin is a decentralized digital money and their has been so many arguments in the past that have been making the delusional  people to think around the box not inside the boxbon anything that relates to Bitcoin.

You have given an inaccurate comparison which does not really make a common sense.
We are in the digitalized era where soon, you will not be running transactions using physical money. Very soon the fiat system is going to go completely digitalized the same way we saw the digital Yuan and people are using it for transactions with the China.

It is difficult to explain the beauty of a rainbow to a blind person, even though they do not believe in the existence of rainbows, but rainbows are the most beautiful creation. That's how we value Bitcoin, Satoshi has brought new light to us. In this forum, we are no longer talking about "profitable investments," but about financial freedom and freeing ourselves from a system that constantly controls our money.

It is normal to have different views on something, I also feel like I have run out of words to convince you. Even though people out there call those of us who continue to accumulate Bitcoin stupid, are building a new cult and are gambling with something that is not guaranteed to bring profits, we have seen the facts for ourselves: from the past until now, no one has been able to freeze Bitcoin and no one can print our 24-word seed phrase.

I don't care at all about your arguments or those of people out there who think Bitcoin is just a number on a screen. The proof is that I have an asset that cannot be seized, can send it to anyone without bank permission, and can sleep soundly because I hold the keys myself. If they call me stupid, then I'm willing to be called stupid forever.

Now you know. It's 2026, but your mindset is still stuck in 2012-2013. You still doubt non-physical assets, even though everything has shifted to digital. It seems you've never imagined how complicated it would be to send 1 kilogram of gold to another country compared to sending 1 Bitcoin, which takes about 10 minutes. In real life, employee salaries are starting to be transferred digitally, shopping uses QR codes, and shares no longer have a physical certificate.

In fact, Bitcoin is not without physical existence, quite the opposite. Bitcoin has the strongest physical form, a network of 15,000 nodes worldwide, and immutable code. That's its physical nature. Bitcoin's physical strength is stronger than paper money, gold, or cars because it cannot be confiscated, burned, or rusted.

Whether you believe it or not, I just want to say, Bitcoin fits perfectly into the new reality because it is "digital by nature", but anti-inflationary by design. It is rare for something to have both. Now you only have two choices: become a victim of a digital system that sells your data, your money is frozen and inflation is created continuously, or become a user of a digital system that is free to hold Bitcoin and the keys are in your own hands.

Remember, Satoshi never give anyone money, he only gave "tools", whether you want to use them to achieve your freedom or not, that's your business.

There is much to be learned from this thread, even if the argumentation is not flawless.

What is the essence of cryptocurrencies? It is paradoxical, but the essence of cryptocurrencies does not lie in their electronic form—it is possible to conceive of a cryptocurrency that is not electronic.
The essence of cryptocurrencies lies "in the number 2 written on a sheet of paper": this number does not represent anything else behind it (as is the case with stocks, real estate, or gold). And though, cryptocurrencies can have value - even great value ! How it is possible ?

If me or you write number 2 on a sheet of paper then it is almost impossible to market it - almost no-one wants to buy it even if the price is very low. But if, for example, Cristiano Ronaldo write number 2 on a sheet of paper (and especially if he clearly and trustworthily communicates that he do not write more than 21 000 000 numbers on paper sheets), then it is marketable and can get a great market cap. What is the difference ? The reputation.

The only source of the value of the cryptocurrency can come from its reputation. The reputation of persons/things/ideas/techniques that is tied with this cryptocurrency/asset. Often the very important part of cryptos value comes from the reputation of its creators - this is probably the main reason why the creator(s) of Bitcoin wanted to stay anonymous. They did not want that the value of Bitcoin depends from their personal reputations but from the reputation of the idea and its implementation.