This only assumes it stops falling. Sub $5k will mean much more failures and losses. I think that is where it's headed. Bargain hunting for crypto today is like bargain hunting for beanie babies in 2002.
how many beanie babies can I buy with my beenz and flooz from 1999?
Trade you for some Pogs
I already traded my Pogs for a couple nice ball bearing yoyos, can I interest you in one of them?
Did you upgrade the strings? Are they competition-ready?
Can you embed a zk-rollup?
Surely these tulips have some intrinsic value?
To be fair, crypto currencies _are_ more useful than some pretty flowers. You can actually use it to e.g. buy stuff (though most of that is drugs) and to transfer money (though most of that is evading taxes). The use cases discovered so far might not be the most socially beneficial, but crypto currencies and blockchains in general do have some inherent value that's above $0. Where that value actually lies will only become apparent once the people trying to get rich hodling will have become disillusioned, though.
I dunno man, them tulips pretty nice to look at but looking at crypto prices and my wallet causes me pain
Isn’t the criticism of this use case that since the exchange of value is not native to crypto itself, its worth as a medium of exchange is sensitive to governments allowing it to persist as a conduit for illegal transactions. Is it really impossible for a government crackdown to make crypto just as hard to exchange illegally as, say, regular currency?