Excellent comment.

If you'd like my long term view.. crypto does have value. I've said this since 2009 or so. Its value is the difference of its transaction fees versus middle parties like credit card companies, plus whatever local currency restrictions are in place which it can circumvent. Take that total and divide it by the number of Bitcoins in the world, that's the maximum logical non-hyped potential value of Bitcoin. It's only worth what it's valuable for as a means of exchange. Its relative value happens to be much more under extreme local circumstances which crop up in various parts of the world. But I do think it serves an otherwise ignored niche.

All those ICO people came much later...