Top competitors in a scam. Just like NFTs. And boys like pg are into this (both Coinbase and some NFT company that I forgot its name). And you are defending them. And you don't see any problem. And that is the problem.
No values was created here. Just moving value around. Usually into the pockets of some already very rich people.
Sort of, it's all very abstracted but at the end of the day the investments generally represent value being produced. Goods being created, services being rendered. Crypto, for the most part, is proof that someone, somewhere had a computer that did a thing.