I think it's most akin to gambling / "investing" in gold.
Gold barely solves any real problems, but it has a pretty active market. People readily buy it. The price fluctuates quite a bit (nothing compared to crypto though).
The utility of gold vs BTC is kinda moot--they're both good at a few things. They're a lot like gambling for the way most people get involved.
Some shitcoins seem like scams, but it's not inherent in the tech, and I don't feel like BTC is a scam for any reason. Sure, it's not a tangible asset, but you know that going in.
Gold barely solves any real problems, but it has a pretty active market. People readily buy it. The price fluctuates quite a bit (nothing compared to crypto though).
The utility of gold vs BTC is kinda moot--they're both good at a few things. They're a lot like gambling for the way most people get involved.
Some shitcoins seem like scams, but it's not inherent in the tech, and I don't feel like BTC is a scam for any reason. Sure, it's not a tangible asset, but you know that going in.