this post was submitted on 24 Jan 2024
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That doesn't make it a scam, it's just speculative.
There's also the belief that it's safer than individual currencies, or that it's less vulnerable to inflation of the money supply. Those are legitimate reasons to buy.
Still with any individual currency there is a market where mandated by law you can pay in this currency, or where you can pay taxes in that currency. So zheir value has a real and a speculative part. Crypto only has a speculative part and that part is often and strongly influenced by deliberate manipulation.
And if yet another crypto currencies is pushed it is highly questionable if there is a serious intent to deliver on the promises made to its laternuse or how much is just scamming people into an ICO and then running with that money.