“I don’t know how to answer that question. That’s the problem,” Neuner said in a recent Cointelegraph interview, referring to why people should buy Bitcoin.

Bitcoin (BTC) has been framed over time as both peer-to-peer money and a store of value similar to gold. Neuner said those narratives have become harder to reconcile in practice, particularly when its price does not consistently track traditional safe-haven assets.

“The biggest crisis that I have at the moment is justifying to myself what Bitcoin is and where Bitcoin derives its value from,” he said.

Neuner also pushed back against short-term price predictions, arguing that investors should focus instead on positioning, data and risk management.

He pointed to macroeconomic factors — including geopolitical tensions, oil prices and inflation — as the primary drivers of market behavior, adding that capital flows offer a more reliable signal than headlines.

Looking ahead, Neuner said technologies such as artificial intelligence could reshape how crypto networks are used, including the possibility of autonomous agents transacting on blockchain infrastructure.

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source: https://www.tradingview.com/news/cointelegraph:f67b4f2e0094b:0-ran-neuner-questions-bitcoin-s-value-proposition-as-macro-forces-drive-markets/