Cryptocurrency is a joke... The cryptocurrency has no intrinsic value.
Neither does the US dollar or any fiat currency. It has value because people believe that it has values.
Some of the values of a cryptocurrency are:
1. It provides a way for very safe and secured transactions -- and that has tremendous value in itself.
2. Its decentralized nature makes it impossible for any government to freeze or seize someone's assets or money. So it provides a safe haven from governments who love to control and sanction countries and people who do not play by their tyrannical rules (like the US government.) A cryptocurrency allows rich people to secure their money and assets from government seizures, and that is a value in itself.
3. Bitcoin takes computation = computing power = electricity = energy to generate. Bitcoin does not just appear out of thin air or paper printing (like the US dollars do.) Also, there will be a limited amount of a cryptocurrency available. For example, there will be, in the end, a total of 21 million Bitcoins available and no more. Every additional Bitcoin becomes harder and harder to mine, (i.e., requires more and more energy to generate.) The last Bitcoin will be mined in 2136. So the scarcity creates values.
I know crypto currency has benefits but still it has no intrinsic value. The U.S. dollar does have intrinsic value...
Read this text copy and pasted from an article about crypto currency.
"Now this idea of "intrinsic value" when it comes to currency bothers people, and Bitcoin Bugs will immediately ask why the U.S. dollar has intrinsic value. There's an answer to that. The U.S. Dollar has intrinsic value because the U.S. government which sets the laws of doing business in the United States says it has intrinsic value. If you want to conduct commerce in the United States you have to pay taxes, and there's only one currency you're allowed to pay taxes in: U.S. dollars. There's no getting around this fact. Furthermore, if you want to use the banking system at all, there's no choice but to use U.S. dollars, because that's the currency of the Fed which is behind the whole thing.
On top of all these laws requiring the U.S. dollar to be used, the United States has a gigantic military that can force people around the world to use dollars (if it came to that) so yes, there's a lot of real-world value behind greenbacks."