We’re talking about advantages and capabilities - specifically granted by crypto of which self-custody is a prerequisite (yes technically true of stock, but not indexes and not as comparable). Within that context it has advantages over other options and more capabilities.

I’m not pretending it’s better at everything or it should be 100% of your holdings or anything like that, but it is better at some things and the new capabilities it provides are interesting and valuable.

That chart is a limited slice of time. The nice thing about economic bets is it doesn’t really matter what you (or I) think, the market will play it out. I suspect you’re probably wrong, but we’ll see.