Bitcoin is a store of value at this point.
If you think crypto is bitcoin, you have no understanding of what crypto is.
Crypto is way way more than bitcoin. It is blockchain. Sure, there are some ponzi tokens and coins, mostly the meme coins, but crypto is much much more than that.
There are coins on their own block chains that allow you to decentralize storage. You can drop a file on Siacoin chain for example and it gets split up and stored all over the world encrypted. 100% unhackable. Yes, 100% unhackable. Now, will quantum computing change that? Maybe, but today, you can securely store files in a fashion that only you can access.
There are chains dedicated to bank to bank transactions. This means that two banks can safely swap funds and have the transaction cleared in minutes rather than days like ACH.
There are thousands of these types of applications, the above are only two.
If you think it's a ponzi scheme, just wait until the US Government launches their own. It's coming. I can't say when exactly, but it could be before the end of this year, certainly within 5 years. It's going to change EVERYTHING.
When uncle fed decides to join the crypto space, everyone who's in it already will see their fortunes grow. Of course, some coins and tokens will go to zero. Others, such as Bitcoin and Ethereum will likely go to the moon.
|