Does crypto have any inherent value other than market demand?
24 June 2022
Question by Tom
Does crypto have any inherent value other than market demand?
Answered by Boring Money
Tom,
Cryptocurrencies are purely speculative assets. Unlike gold which is a physical asset, shares; ownership and participation in future profits of a company or bonds; loans to a government or company, Crypto have no inherent value.
As much, you should only invest/bet an amount you are willing to lose and expect a lot of volatility.
Andrew
