1) Inherent value is a fiction. There is no such thing as value without intervening human judgement. Besides which by any sane and consistent definition cryptocurrencies have inherent value (decentralized trust mechanism... Not gonna judge whether or not it's worth the current valuations of cryptos... It's just nonzero)
Is there much decentralized trust in bitcoin? If you're using it like money, you still have to trust someone will give you goods and that your wallet software isn't going to steal your information.
We really are living in strange times. I can't tell if it's a brave new world or a hype train headed off a cliff.
2) We're living in strange times.