> In a way this is very similar to buying art which probably doesn't have much utility except among other wealthy people as socially agreed upon store of value.

> In a way this is very similar to buying art which probably doesn't have much utility except among other wealthy people as socially agreed upon store of value. Art may not have "utility", but it does have value, so the analogy here doesn't quite work. Also, 1% of 10T is 100B, not 1T.