I dislike crypto too, but let's give them the benefit of the doubt: it's also presented/sold as a sort of easy stock, pure of anything other than an inflation prevention.
It's as electronic as a stock, as purely abstract as a piece of gold, as resistant to inflation (theoretically) as anything having an intrinsic value that won't depend on currency.
Ofc, criminal transactions are also supposed to be eased but you know what, I think a bank made entirely to dodge annoying regulators will have a bit more success than an amateurish exchange: they'll give all your info, and therefore all your public transactions at the first little threat, while a big bank like Credit Suisse, would try to leverage lobbying power at first.
I would say it's quite wrong to think of crypto as some sort of stock.
Stocks are ultimately anchored in a company, and it's ability to pay dividends to it's owners. The historical average of the value creation for S&P 500 for dividends are about 40% so it's not an amount that can be disregarded.
Since crypto doesn't have any similar mechanism, and all of the value is instead tied to what other persons want to buy it for, I argue that it's better to compare it to an online casino rather than an stock market. That would be more fair for those that are new to investing.
It's as electronic as a stock, as purely abstract as a piece of gold, as resistant to inflation (theoretically) as anything having an intrinsic value that won't depend on currency.
Ofc, criminal transactions are also supposed to be eased but you know what, I think a bank made entirely to dodge annoying regulators will have a bit more success than an amateurish exchange: they'll give all your info, and therefore all your public transactions at the first little threat, while a big bank like Credit Suisse, would try to leverage lobbying power at first.