I do wonder about this. It's a lazer-eyed religion now, and I can't help but thinking the value of it's strongest adherents holdings is already zero - they'll

I do wonder about this. It's a lazer-eyed religion now, and I can't help but thinking the value of it's strongest adherents holdings is already zero - they'll never sell, under any circumstances, so any perceived value can never be realised. (If it goes up, why would they sell? If it crashes, "it'll recover"). Under that logic, at no point is any amount of value stored in the scheme available to you in the future. The market cap of all of these tokens is also incredibly misleading. Having no underlying value also means the market cap you're looking at is only a projection of the current point in time if there were indeterminate demand at the current trading price - meaning that in real terms the supposed money tied up in Bitcoin does not exist. If stocks crash, you still have entitlement to profits from the company. If bonds crash, you still have entitlement to payments from the issuer. If a token crashes, you have a long alphanumeric number. That's why if there's even a small amount of consolidation the market crashes by half or more.