No, you can’t paint that broad of a stroke. It’s true that crypto INVESTING might be no better gambling, but crypto wasn’t invented to be an investment tool, it was invented to be a financial transaction tool, and in that regard it has some real utility.
But that’s not how most people use it anymore. It’s become almost entirely a speculation market. Plus, transaction times for payments on Bitcoin e.g. make it totally infeasible for use in any retail application.
It’s just a bunch of people passing Monopoly money around to each other at this point, trying to pretend they’re making bank.
No, you can’t paint that broad of a stroke. It’s true that crypto INVESTING might be no better gambling, but crypto wasn’t invented to be an investment tool, it was invented to be a financial transaction tool, and in that regard it has some real utility.
But that’s not how most people use it anymore. It’s become almost entirely a speculation market. Plus, transaction times for payments on Bitcoin e.g. make it totally infeasible for use in any retail application.
It’s just a bunch of people passing Monopoly money around to each other at this point, trying to pretend they’re making bank.