Cryptocurrency is inevitably either instantly converted to money once someone gets it, or it’s held onto under the assumption it’ll be worth more later.
Money has value because it gets you “stuff”. Cryptocurrency has value because it gets you money.
With one notable exception…when it is actually used as a medium of exchange, to buy drugs on the internet. (Which the vast majority of crypto is not used for, especially shitcoins like Trump’s scam.)
With one notable exception…when it is actually used as a medium of exchange, to buy drugs on the internet. (Which the vast majority of crypto is not used for, especially shitcoins like Trump’s scam.)