[samwillis]

But that 46% used for “investment” can still be used for something tangible at a later date and so has something other than speculation setting it’s price.

Frankly I was pleasantly surprised it was only 46% used for investment.

[vmception]

there are multiple generations of people at this point who don't draw the line of utility at “tangible”

now that population has irrevocable possession as well, which still doesnt exist for digital tradable goods outside of this system, and all those people can use their digital property for multiple things too

even if it only does any one of those multiple thing moderately well, instead of anything exceedingly well, thats still value. it relies on cognitive negligence to make a separate higher standard for this, that could not apply to any asset under supply and demand pressure.