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

Answered by

Boring Money