>How is that different from any other asset; stocks, land, property. It's all speculation nowadays. How is that different from any other asset; stocks, land, property. It's all speculation nowadays.

Just because other people are insane doesn't mean you should be insane too.

You can sanely invest into stocks, land and property. You can never sanely invest into cryptocurrencies, the same way nobody invests into dollars. No, buying dollars when your national currency is hyperinflating is not an investment since you merely expect your purchasing power to stay the same.