Speculation is value now I guess. Also, it helps when every bad actor on earth is laundering money through it.<p>I hope for, and anticipate that crypto will be reigned-in and we will go back to more predictable currency. The spikes and drops of it make it much less of a currency, and more of a speculation market where everyone is going to lose big one day.
Of course it's too low. Most people have no idea that the amount of dollars, pounds, euros etc roughly double every decade, and the effect that has on their value.