Silver lining to cryptocurrencies being maybe the worst environmental idea human beings have ever had: I'm far too stupid to trade any of them and can now refashion this as a principled stance
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On the flipside, to be a useful investment vehicle, they need a locked in upward growth trajectory (like gold, or silver) which generally only obtains with some real-world use that puts pressure on supply resulting in upward motion.
But then you end up back at 'what is a crypto-currency for' - there are lots of people who will tell you it is all in evading government taxes and well...let me tell you a story about states and their monopoly on the legitimate use of this thing called 'violence'
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And if the end answer is "it's for doing crime" be that controlled substance purchase or tax evasion, well that is going to really sharply limit users and use-cases...which in turn undermines the 'it will be a currency' idea and thus the upward growth trajectory.
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Compounded by the fact that, as a currency, bitcoin is generally a lot less useful than low-tech paper money. You have to wait for transactions to clear, you need huge servers to 'mine' the blockchain (and burn all of that energy doing it).
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