There's no point in rebutting or reasoning with someone like that. Facts are of no interest. He's latched on to one approach and its not going to change. Better to let time pass him by in silence.
Of course. It's enough to keep listening to him for 2 minutes to know how stubborn he is. He's bringing up facts he read about 2 or 3 years ago and doesn't care that some things have changed. He made up his mind about Bitcoin long ago and even if it ever becomes a widely accepted payment system, much like Visa is now, he'll still call it a speculative bubble. People like that should be left alone to boil in their hate. Touching shit won't change it, it will only make you dirty.