[dutchbookmaker]

I think you are confusing pricing and valuation.

Anything can be priced and the price can be modeled.

Crypto valuation is what doesn't make sense because it is not a cash producing asset.

I don't know though if the price of crypto is more ridiculous than the price of an original Francis Bacon painting or a PSA 10 Michael Jordan rookie card.

The main issue for me with crypto is we haven't had a recession that was more than a blip since the bitcoin white paper. The price of Francis Bacon and Michael Jordan have been through some tough economic times. We will see how crypto does. Not something I want to find out with my own money.