And who are you to decide if it has value or not?
Someone with a healthy dose of skepticism. Someone who has seen it enough times before (see below). Someone who likes to make sure people aren't getting suckered into buying crap so some unscrupulous vultures can get rich exploiting them.
the market says it has value, that’s a fact. You talk as if the markets are mathematical (they are not, rather irrational).
No kidding. It's the same market that said every shitcoin ICO supposedly had value. And maybe they did for as long as their '
15 minutes of fame' lasted. And then they took on their true value. Zero. This is no different. It's just some opportunists looking to make a quick buck and leave a bunch of bagholders in their wake (again). All that's left to be be seen is what the next snake oil pitch will be after this latest fad runs its course.