LOL I love when someone looks at bitcoin (or any crypto) for a week and then decides he/she knows best. It is absolutely astounding.

Since when did investors have to understand something to invest in it. In fact, when do big investors have to understand something to invest in it. Many wealthy people lost money on MBS...obviously they had no clue what they were buying.

At least with crypto, the information is out there if anyone cares to look.

If its central banks you object to, let's have a private cryptocurrency based on gold, or oil, or something else tangible...

The advantage to crypto is that it is NOT private you nitwit.