Coins could be useful for many ends, some dubious and some benign. Criminal purchases, inflation hedging, remittances, tax avoidance, online transactions, payme

Coins could be useful for many ends, some dubious and some benign. Criminal purchases, inflation hedging, remittances, tax avoidance, online transactions, payments between friends, store of value / speculation. Any one of these could be affecting its value. I often wonder though if Cryptocurrency's killer app is just capital flight from China, with every other use case just so much noise. While that toy theory may seem reductive, it's miles more explanatory than the models offered by either the 'bubble' or 'will soon replace global financial system' camps.