[gitfan86]

You are right that psychological value is all that matters, you just need to take your logic one step further.

When the Dole company buys a banana plantation, it is because they believe that consumers will want to buy bananas in the future. That future may or may not become "real". This is where your logic ends. You have proven that perceived value is all that matters and have stopped.

You need to understand that a year later millions of bananas will be ready to harvest. And grocery stores will be placing or not placing orders to have those bananas delivered. So that perceived value is now hitting reality. The crypto people have done a pretty good job kicking the can down the road and avoiding reality hitting their perceived value, but it is hard to keep that up forever.