It's all bullshit speculation. And rich people / institutions doing whatever they can to "make money" no matter what.
Am I saying crypto has no value at all and never will? No- but it's stupid that the "drive" for people to create new cryptos and hold current crypto is to uh.. make money off of it vs a currency like USD? That's stupid as hell.
Crypto that is not pegged to something like USD is made for gambling and to make the rich richer. If I were to "gamble" $1000 in crypto the last few years sure, maybe I make 50-100k. Whoopdydoo. Yeah that's great but it's not like mega life altering. Rich people can be like "Oh I'm going to throw $1 million into this.. oh look, I just made $50-100 million, now I can take this and buy a bunch of new businesses or buy my new mega mansion somewhere!". It's just sickening, honestly.