I am inclined to disagree on the reasonable part, I have a feeling that the difference between cryptocurrencies and say stocks or commodities is a difference in kind not a difference in degree.
Sure when there is risk appetite again cryptocurrencies will rebound along with other risky instruments.
But I just can't shake the feeling that cryptocurrencies in general is just a huge pyramid scheme.
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.
