“Crypto currencies are ephemeral “assets”
Your statement above is correct. But is also applies to government issued fiat currency which is vastly inferior in almost every respect to the major crypto currencies.
I understand where you are coming from but your thinking is dated. All that matters is what the crowd values, not what you think is valuable.
I also own physical silver. Which might have value, but which has not been well valued for decades (and also suffers from massive price manipulation by banks and others).
Mining crypto is making me lots of ‘currency’, some of which I have been converting into assets like property. Which by the way is also an ephemeral asset class in the US because the government can and does take it at will.
I find it hard to believe that crypto currencies have anything over a government’s currency, when that government has both an army, and the wealth of all assets across all of its land, to back it.