Crypto has many uses. Different cryptocurrencies are designed for different purposes. So let's just use Bitcoin instead. Bitcoin isn't there to replace fiat. It is there to serve as an alternative.


Again, Bitcoin instead of crypto. If we talk of crypto, then this might not be a myth at all as there are many altcoins out there which are apparently just for speculation. For Bitcoin, it isn't. It is there to serve as a peer-to-peer electronic currency.


Crypto could be a scam. There are thousands of altcoins that are scam. Bitcoin obviously isn't. You cannot consider Bitcoin a Ponzi scheme primarily because it has its radical features, because of which people buy and use it. They're not buying and using Bitcoin for the sake of Bitcoin.


Bitcoin is mathematics. It uses computational powers. It uses energy to create massive amount of computations. How can we say it doesn't have intrinsic value? It's energy stored.