This is something I always hear people bring up. Bitcoin has no value, no foundation, blah blah blah. I think one of the bloody brilliant things about Bitcoins that people never bring up is that the currency gives extremely intelligent people (nerds with mining rigs
) access to tons of easy funding from people on wall street that are simply speculating. This in turns fuels the production of small businesses that use Bitcoins. Most of those mining rig owners know how to code, and they create businesses that stimulate the Bitcoin economy. That is the value in Bitcoin. It brings highly intelligent people who know how to code into a partnership with funding from wall street. That value is the foundation that will make the Bitcoin strong.
(That being said, I do predict that there will be a major boom in the Bitcoin gambling industry. ESPECIALLY in the US since it's quasi-legal using bitcoins to play some games of skill.)