There is no basis for the increase in value. Crypto at large is a Ponzi scheme where the increase in amount of suckers buying into it is the sole evidence given

There is no basis for the increase in value. Crypto at large is a Ponzi scheme where the increase in amount of suckers buying into it is the sole evidence given for its usefulness. Every stalwart crypto supporter talks out of both sides of their mouth every time they are questioned about the actual utility of crypto. Is it the future of money (AKA useful liquidity) or is it a great investment that can only increase in value (AKA speculative deflationary asset)? It cannot be both and it is certainly not useful as money. Makes you wonder why DOES the line go up?