Crypto is a fiat currency and not money. Money has intrinsic value. Lots of people think that Federal Reserve Notes is money. It is not money, but a fiat currency. Understand that when the Federal Reserve goes out of business its currency will have no value. May it happen soon and we go back on the gold standard.
RE: \Another shock to cyrptos from Google; They banned cyrptocurrency ads
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\Another shock to cyrptos from Google; They banned cyrptocurrency ads
Yes that might be right. However since it is not coordinated by any country and still it is a random bussiness market, it might be difficult to have no value. There are still major money in cryptocurrency that people hold. Moreover, if people insist on keeping these values, it may be accepted from many countries as a money. Time will show what is going to be happen :)
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You are right that that the people may insist. Sadly crypto currency will always be a fiat currency which has a future value of 0. Right now it has value and can be used to create value. It may even force governments around the world to go back to the gold standard. May it be so!
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