An asset is merely something you own, and crypto is something you can own.

Why does it have value? Because, like any other asset, it is worth whatever someone is willing to pay for it. I personally don't see much inherent value in a Picaso painting, but if someone is willing to pay millions, then it's a valued asset.

Don't get me wrong, I'm not some kind of huge crypto proponent, but I'm a realist that clearly sees our current Federal Reserve dollars rapidly depreciating in value, so I'm open minded about alternatives to store wealth.

People say that gold is the baseline, because 10 kilograms of gold would buy a nice house 50 years ago, 25 years ago, today, and theoretically in the future. So if we compare everything in relation to the baseline gold standard, then dollars are decreasing in value vs. gold, while Bitcoin is increasing in value vs. gold. Currently I have approx. 6% of my net worth in Bitcoin, about 5% in gold, and 10% in silver.

Wether or not Bitcoin, or crypto, evolves into a useful tool of some sort in the future isn't my concern at this point; maybe it will, maybe it won't, and only time will tell. But for now, at this point in time, for me, it's merely an asset that has served me well protecting my life savings against a depreciating dollar. To be honest, having only 6% in crypto seems too conservative, if anything.

TLDR: I'm not hyping crypto, I'm merely taking advantage of what it currently offers me.