As a speculative commodity, sure. But in terms of its original promises of utility? Granted, I understand the source of this thread is in terms of economic viability, so I'm not saying you're wrong in context. But I think the point GP is making is that it's fair to say that large parts of the tech industry were totally swept up in optimism and it took a while to sort out the actual facts and value. (That said, I broadly agree with most comments in this thread rather than GP that there is something more tangibly valuable here than with cryptocurrency.)

Gold is just off it's (at least) 200-year high of December last year. I bet we can attribute both in part to real or perceived/imagined inflation.