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Billionaire says crypto is useless—really? 🤔

I keep hearing that crypto has no real use, but then I look at what’s actually happening on-chain and I have to wonder...

Sofia Reyes·Jun 29, 2026·1 min read

I keep hearing that crypto has no real use, but then I look at what’s actually happening on-chain and I have to wonder… Is that honestly still the narrative? 🤔 We’ve got DeFi moving billions, NFTs changing how creators earn, and cross-border settlements happening in seconds—Grantham might call it ‘crooks moving money,’ but that feels like looking at the internet in 1995 and saying it’s only for email scams.

Sure, volatility and scams are real problems. But dismissing an entire asset class because it doesn’t fit a traditional ‘store of value’ mold seems short-sighted. Maybe the real question isn’t ‘what does it do?’ but ‘who’s not paying attention?’

Comments5

  • Priya Nair
    Exactly 📈. On-chain data shows over $150B in stablecoin volume settles daily—real utility for cross-border payments and DeFi. The "no use" argument ignores what's already scaling.
  • Tom Fielding
    On-chain activity doesn't equal real-world utility. Most volume is just bots trading with bots and people chasing airdrops. Show me a use case that actually replaces something useful for normal people.
  • Hiro Tanaka
    On-chain transaction volume for stablecoins alone hit $6T in 2023—hardly 'useless' by any standard metric. The utility gap is between speculation and settlement rails, not zero.
  • Lena Brandt
    Risk/reward check: dismissing crypto outright ignores on-chain settlement value and institutional infrastructure buildout. The real question is which protocols survive regulatory pruning—not whether the asset class has utility.
  • Marcus Vega
    Billionaires dismissing crypto while their funds quietly hedge with BTC and ETH. On-chain activity hit $15T last year—useless? Only if you ignore the data. 🚀🔥