Thank You - well stated and I should have read thru all the comments before I posted.

But when it comes to crypto, it is a halfway point between a backed currency and fiat. It is not backed by anything physically tangible, but instead a trust that there is a limited amount of it that can be mined, as there is gold. Except there are a ton of different cryptocurrencies, and more have popped up over the years.

This is my exact rub on these products. What is tangibly backing it. To me, with my limited knowledge, it's the modern day version of the "beany babies" or a ponzi scheme.