Are Bitcoin and Crypto in a bubble, or are they useful?
It’s not that simple
The first thing to note is that just because some asset is in a bubble, that doesn’t mean that the asset has no real utility. Just because speculation can get out of control on an asset, doesn’t mean that said asset has no utility.
So I think cryptocurrency does have real-world use. Particularly as a store of value and a medium of exchange. Cryptocurrency is also backed by blockchain technology which has real-world use, which means it’s categorically false whenever someone…