Antifragile entities thrive in disorder and chaos, not just weather them. They are more valuable in volatile times. That is exactly the case of Bitcoin. Western citizens (and senior bankers in particular) don’t get Bitcoin and don’t understand its value because they are living in a highly stable, highly predictable society, where the chances that everything you ever owned will one day disappear on a whim are virtually zero. Bitcoin’s utility for such people is very low, and it functions mainly as a speculative asset. In chaotic regions and countries, Bitcoin and other crypto assets shine. Bitcoin allows a citizen of such a country to keep his fortune out of the arbitrary hands of his regime. It allows immigrant workers to easily and securely send back money to their families abroad, and allows refugees all over the world to take their assets with them regardless of where they go and what they need to tackle on their way. These are major innovations which will have profound, long lasting implications on the human condition.
But Bitcoin’s resiliency doesn’t stop at the crypto level. Bitcoin is like the land of Fantasia from the Never Ending Story, which will survive as long as there will be at least one human like Bastian, who still believes in it. As long as there will be a group of people in the world that will believe in Bitcoin enough to operate a miner and a wallet, Bitcoin will continue to exist, with all of its ledger and transaction history. Once you understand this point, you will understand why comparing Bitcoin to a dot-com company is not understanding it at all. As long as there are people in the world for which Bitcoin provides a service, all of it will exist, regardless of how far its price will drop. Bitcoin is like a hologram, which you may break in half, and then in half again, and each sliver and segment will still contain all of the information about the entire scene it captured.
Bitcoin (and other blockchain-based assets) is essentially a decentralized network for producing trust where none exists, and as such it also possesses the highly resilient nature of other large-scale distributed networks like cities. It evolves through the integral actions of its members / miners, who decide what flavor of Bitcoin to run and support. Bitcoin is only v1 of this decentralized control concept, and as such still suffers from concentration and other problems due to the naïveté that comes with being first, but already shows the promise of moving the economy from being a forest to an ansemble of networks.