This whole article is inaccurate and littered with talking points, and half truths. You talk about Bitcoin being backed by nothing, but fail to mention that the USD is also not backed 1:1 with anything of value. You talk about energy consumption without mentioning that many cryptocurrencies use a different Proof of…

He has friends who made lots.  He's mad jelly.

The underlying asset it is valued on is its scarcity and security. It’s unmatched by any currency or investment in those two areas, and it’s very difficult to duplicate that value.

So how much did you lose?