This post was inspired by a question on Reddit: How much of your investment portofolio is crypto?
Well, my answer is 0%, and it will remain 0% forever.
I don't see the value in it, and the people who advocate for them are hypocrites: they say they get into crypto as a rebellion act against the current FIAT system that is controlled by governments, while day-dreaming about selling it for a huge profit (in FIAT currency). Every advocate promotes holding, which is not what a currency is for: currencies are meant to be a medium of exchange and to change hands.
Also, I see rampant misunderstanding of basic economics in people who advocate for it:
Also, as a technology, blockchain itself it's not that impressive. At its core, it is a decentralized slow read-only database which needs as lot of power to run, which do not have many real-life useful applications. Yeah, some would argue that having a decentralized zero-trust database would be an advantage, but I am yet to see a system using blockchain, where a normal database is not enough.
The only real-life application I could see is in audit trailing, where the decentralization part is useless (only the chaining of blocks by hashing is useful there, to avoid tampering with past entries), but that use-case is not related to the reason blockchain advocates promote it.
Every time some company announces that they will build their own blockchain solution, the blockchain community celebrates, because they consider it to be proof that blockchain is the future, but in fact, it's a massive counter-argument against the core belief they promote: decentralization. The fact that a company is building their own, it means that they will control it.
In my opinion, Bitcoin is a fad and it's value is given by two things: people who have too much faith in an asset that is not really an asset and has no use except offering a field for speculation, and the FOMO of people who get caught in the heat of the moment and buy when a friend tells them to buy or mass-media brings it to the public attention once very few months.
This article is a personal opinion, and represents no financial advice. I am in not saying "sell" or "buy". Do your own research (thoroughly).