Why does it seem like all the stories about crypto are about investing in it and nothing ever about actually using it to buy anything?
Bingo! Peter Schiff makes this point constantly. its advocates claim that its intrinsic value is in its usefulness as a medium of exchange, but that's not really so, since it's generally only purchased as a speculation, like the historical examples of Beanie Babies and tulip bulbs.
PS Remember all the instant Beanie Baby millionaires in the 1990s? Many of them held onto their stockpile of Beanie Babies too long and went broke. Beanie Babies had little real intrinsic value. Bitcoin has
no intrinsic value.
