... You've certainly given me food for thought. The way you've described it, one could argue that cryptocurrency lacks the fundamental trait that defines an asset. There's no tangible use or financial benefit to it, besides the abstract belief that its value will rise in the future.
Yet it still works, somehow. People still... put value into it.
Lolz, don't read and believe things that makes makes no sense, op is a well known bitcoin and cryptocurrency hater, if you doubt, go through his post history and find out, I've come across a couple of this posts on this board and they've all been centered around discrediting bitcoin and cryptocurrencies at large from what they are and represent in our current society.
Many still cant just comprehend the fact that things are changing and so is money as well, they wish things to remain as they have always been in the past but unfortunately, it's not In their power or hands to decide.
You have to realize that it is people that gives something value, whatever the majority people see as valuable become valuable, and what ever value they attach to it, it become, the paper you and I spend as money today, who gave it value? It's the people.
If majority of the worlds population decide tomorrow that paper money is no longer valuable, and we all turn our backs to it, even the central banks can't do anything other than try to convince the people.