During the dot-com bubble, only 1% of retail commerce was done online.
I'm well aware it's not being used that commonly as a currency at the moment. I think we're still in it's infancy, and I think that 10 years down the line blockchain will revolutionize how we pay for things, and how companies receive money.
I think that we're in the very early stages of a bubble that will inflate much much larger. I do think it's an incredibly speculative market, and I know that it could all come crashing down due to intense regulation, classification as a security, a MGOX cosplay, etc. But I believe that blockchain is one of the most substantial inventions in computing since the advent of the internet.
I was a skeptic like you ~5 years ago, I'm not going to try and reason away why crypto won't work. I said fuck it once I watched it go from $50, to $300, to $1200, back to $200, then now all the way up through $19,500. I'm not missing the gain train this time. Sure I use stop-losses, but I think this thing is going the distance. I don't think bitcoin will be used for day to day transactions, unless off-chian transactions are heavily implemented and deployed. That's why I invest in things like XRB, which I've done with great success I might add.
Almost everything is speculation at this point, but so was the dot-com bubble, and that was a mostly American event and it got to around a ~5 trillion market cap, this is a global event and everyone can participate. The marketcap on crypto at the moment is around 350B, we have a ways to go, hold your seat and maybe bottle your tears for me to consume in a year or two's time.
XRB Gains: