To add to your thought, I think another couple big reasons for cryptocurrencies, is privacy, taxation and fighting inflation.

The more central banks around the world print their currencies - it's like they're racing to the bottom - the less they're all worth. There's more and more currency chasing the same amount of goods and services, and so, prices go higher - economics 101.

Cryptocurrencies, being limited in scope, like gold and silver, for instance, can't be printed out of existence. Sure, you can create newer and bigger cryptocurrencies, and many will rise and fall. But, ultimately, it's the free market who determines their fair value, like Greg talks about all the time.

Cryptocurrencies can offer you the same kind of privacy as cash; is much easier to transact in, and can truly be an international currency. But it's not taxed by a government or the banks. The transaction fees are much smaller, and you don't need to convert to other currencies and lose value in the exchange rate.

On top of that, since they can be private, it's very hard for a government to tax it. That's why they're so afraid of it, and trying very hard to co-opt it. Don't ever buy cryptocurrencies created by governments or banks. If they control it, it's the same exact thing as regular fiat currency.

The more people realize these things, the more I think cryptocurrencies will rise. There's still a small adoption rate by comparison. But as people lose faith in fiat currencies, like Greg says, they'll flock to precious metals, and cryptos.

Thanks Greg for your insight!