Fair enough - I'm using reasonable here to represent the balance of "this is a very risky asset" vs "inflation is low so I can hold onto this for a long time an

Fair enough - I'm using reasonable here to represent the balance of "this is a very risky asset" vs "inflation is low so I can hold onto this for a long time and wait for the right time to sell". Theres also just an insane amount of hype about crypto is the future of <gestures vaguely at topic du joir>, and therefore it's valuable in the future. Amazon made no profits for so long because all dollars were reinvested into the business. Crypto made no dollars because it's as useful as a beanie baby.