What you describe is price, not value. Things may be priced high but have little value, such as in cases of asset speculation. Things can be priced low but have great value, such as the value of human relationships, knowledge, etc.
I think being able to spot where these diverge is really important to understanding the world and where we should spend our limited time on it.
True but in comparison to every other value crypto is the only one which doesn't have any alternative use.
Gold, shares etc.
I believe the criticism is correct as the current driver of crypto is either a 'i put that much money in I'm not selling until it increases again' or gambled los.
After all the miners want to get paid.
But hey binance and others struggle let's see if there is a collapse soon
I think being able to spot where these diverge is really important to understanding the world and where we should spend our limited time on it.