This is not a good sign.
Bitcoins are not money. Ludwig von Mises defined money as “the most marketable commodity.” Bitcoins are a barely marketable non-commodity.
Bitcoins transactions are recorded at your bank as soon as you sell them or buy them. Privacy? Only while you are holding them in your virtual bank account. Too bad you can’t buy anything with them. Go ahead. Try to find anything online you want to buy. See if you can buy it with bitcoins. Not much is offered for sale.
You sell money to buy them. You return to money when you sell them. In between, you are speculating with non-money.
We are assured by bitcoin speculators that bitcoins are the money of the future. I don’t expect to live that long.
Click the link to find out how much money — real money — bitcoin speculators have lost this year.