Cryptocurrencies create value by creating a financial system that solves some problems that traditional finance can't. For instance, a person in some underdeveloped country can accept a payment from US, however, if there was no Bitcoin then the person would have to rely on SWIFT network (which the country might not be a part of, or under sanctions like Iran). Or just a fact that you can't be randomly locked out from your account due to cancelling or any other reason. Buying a portion of Bitcoin is like buying shares of a bank which provides a service of accepting, sending and storing your money.Ethereum creates value by providing an infra for dApps that provide financial instruments (like deposits, lending, etc) which also create value.
lottin|4 years ago
Bitcoin payments are settled by "miners". It's therefore the miners who provide the service of settling bitcoins transactions, not the bitcoins themselves (which are the things being transacted from one wallet to another). Yes, miners create value by providing this service, and they get paid for it with transaction fees. However owning bitcoin doesn't confer you ownership rights of the bitcoin mining business, therefore owning bitcoin is completely not like owning shares of a bank which does confer such rights.