Trying to explain Bitcoin even to veteran financial experts may meet you with blank stares and label you a kook. But there is another way to present the value in the world of cryptocurrencies in a way that the uninitiated will understand. For a while, forget the comparison of Bitcoin to stocks or forex, although it looks like that on the surface, with graphs and charts.

Buying Bitcoin or any other altcoin is like being an art collector. We all agree that art stores value in a different way compared to other investment assets. We can all agree that a Pablo Picasso painting is valuable- although we can disagree that we are not quite sure what makes it valuable. But no one in their right mind would say that Picasso created "money out of thin air" when he painted the Guernica. This is despite the fact that there is no government body that secures or under-writes the value of a painting.

Art is also a mainstream investment class. Hedge funds and investment funds park their extra wealth in paintings, inflating their value. Infamous billionaire Steve Cohen reportedly holds Picasso paintings worth up to $1 billion.

No one would also say that Picasso paintings can be wiped out, or Jackson Pollock's value slide down to zero, causing a selling spree. Consider the stories of all the invaluable masterpieces spending centuries in attics before getting rediscovered. Unless their condition has deteriorated, no one would say their price crashed.

At the same time, fiat currencies can disappear overnight, and there is no mechanism to return to the former state of confidence. A company can go belly-up, and all that Enron stock has become thin air once again.

But if you keep a painting in the attic or on your wall, its value may fluctuate- but it will always have a chance for a comeback. An artistic work certainly includes "proof of work"- it holds cultural capital, history and it speaks to people. So it is an object that is not money- and yet stores value. We don't go around with paintings in our pockets to go shopping, but we hold paintings valuable.

Granted, a piece of Bitcoin has no visible aesthetic value, and people are visual creatures. But cryptocurrencies are still a work of a human mind. They are not implemented in paint, but in code and electronics- and yet there is an object that exists. 

If you are heading to buy a cryptocurrency, it is better to approach it with at least some expertise. Appreciate the thinking and work that went into the code. Know the author- art collectors and patrons know the painters as closely as possible. Is the author of the project a genuine worker and thinker, or is the project slapped together to dazzle and create quick gains?

The other common thing between art collectors and Bitcoin buyers should be knowledge of the object they are buying. The deeper the knowledge, the more potential for gains. A person without knowledge of art could sell an invaluable masterpiece for trifles because he cannot appreciate the potential value. A person who does not understand cryptocurrencies deeply may sell and despair too fast.

The flippant statements of Wall Street investment bankers regarding Bitcoin resemble the words of a philistine who would not understand art and so ascribes no value to it.

Of course, people have the right not to be art collectors, if they do not understand the world of art and do not find it appealing. But they have no basis for trashing that world and Sotheby's is still crying all the way to the bank. The same with Bitcoin and cryptocurrency opponents- the world of cryptography is not easy to understand, and computers lack personal warmth. But for those armed with knowledge, owning cryptocurrencies has an element of fandom and appreciation. Bitcoin and cryptocurrencies appeal to the right kind of mind, just like art appeals to the senses of a potential art collector.

So the art world has "art whales" like the Guggenheim Foundation. But no one would accuse Peggy Guggenheim of "pumping" Jackson Pollock paintings, or Sotheby's for making Picasso more volatile.

But the advice on Bitcoin could be the same: crypto enthusiasts are collecting an object with some intrinsic value, utility and even a kind of mathematical beauty. They understand it deeply, treasure it, store it and promote its importance. This invisible, intangible, but real object can be bought and sold for cash. It can go in and out of fashion- but in a way, it can never be wiped out. The Bitcoin Code can always run on the right machine.

Even with a lot of philistines and Picasso-haters, the world of art trading and collecting will not disappear completely. Even with a lot of critics, there would be enough enthusiasts to "hodl" Bitcoin like a precious work of art and give it meaning, influence- and hence, value.

So next time someone considers Bitcoin no more than a bubble, remind them how the world of art collection works, and why museums "hodl" masterpieces.