Not true. It’s technology investing, with some unique properties of the cryptoasset class that may add distinct value.
There are revenue-generating, profitable apps and platforms that may be evaluated as one might a stock. There are some trading below book value.
As in the early 00s, there’s still a lot of hype and worthless projects even as high value projects continue to develop.
Don’t bother trying to explain Crypto to the people who don’t understand it. Its pointless.
Their loss........