Why are cryptocurrencies so valuable if their usage is low?

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Short answer:
  • Because of their potential as store of value
  • Cryptos also trade at prices that reflect their potential vs Bitcoin
Illustration of valuable cryptocurrencies. Generated with DALL-E 2.

Cryptos don't trade at a DCF model, but rather with a monetary premium[edit]

They would be extremely expensive using a DCF model[edit]

Non-Bitcoin cryptos trade at prices that reflect their potential versus Bitcoin[edit]

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