Well, there was not such a thing as intrinsic value in neither cryptos nor in any fiats. Fiats at least are backed by the governments. For cryptos, there is not

Well, there was not such a thing as intrinsic value in neither cryptos nor in any fiats. Fiats at least are backed by the governments. For cryptos, there is nothing backing them nor would anyone really believe in them. The only potential value is to speculate. They claim to have resolved centralization issue but ironically people speculate cryptos in centralized exchanges. Centralization in financial areas are there for a reason, it just cannot be resolved by decentralization and that why people need crypto exchanges. As a matter of fact, lots of regulations are on the way, and some countries go further even try to criminalize them, which will accelerate the decline for sure. Myself actually tried to speculate BTC in late 2008 or early 2009 which I cannot remember exactly, as I was pretty sure people were going to speculate in it. It was shame that I was too early, the price was super low ($0.001 or might be $0.01) but there was no venue for me to buy any. The next time BTC returned to my sight was around 2017, the price went up to $1000. I chilled out thought those people were crazy. But it turned out they were actually much crazier than I speculated. I look forward to seeing how this drama is going to end.