Myth #4: Crypto has no intrinsic value:
"if you really think crypto doesnt have any intrinsic value, then youll have to believe that fiat currencies dont either.".
Like I said earlier, I'd love to here your opinion on this especially the last line.
I think the quotation about is right because even investments with fiat are equally liable to "risk" as that of the crypto counterpart. If an investor invests in real estate having used the Fiat currency for such investment, he has a projected gain to make in years to come but this projection is no more than an assumption because there are external and internal factors which can affect his investment; reducing or increasing the projected gains. The analogy therefore is same with cryptocurrency (Bitcoin) investment. Andrew Bailey has been skeptical about Bitcoin.
Myth 3: Crypto is one big scam and ponzi scheme:
Honestly I found this funny, do people still think crypto is scam? If it we were still in 2010 then no problem you're right to be skeptical about it. I don't think crypto can even be classified as a Ponzi scheme because, unlike most Ponzi schemes it doesn't depend on the number of new investors to maintain its Value. Yes they are alot of crypto related scams like; fake links especially on Facebook, fake crypto exchanges etc. The guy also mentioned some others in the article.
I don't agree with you on this one, as there are some cryptocurrency projects that can be classified as Ponzi. Therefore I don't see that assumption laughable. It could've been a lot better if you were more precised and particular with mention of "Bitcoin".