But for people turning their hard-earned money into crypto tokens, that raises a bothersome question. But if you need something that acts like a bitcoin, say experts I interviewed, there are plenty of choices. (Simon Walker/Reuters)Many credible financial authorities say it remains uncertain whether cryptocurrencies will eventually have a real-world purpose that justifies buying a stake. As a teaching exercise, Henry Kim, a blockchain expert at York University’s Schulich School of Business, created an NFT of his dog Smudge using the same tools used to preserve the value of crypto tokens. I have made the case in the past, that just as with gold, the value of any crypto asset is what someone will pay for it and so long as markets decide it has value, it will have value.

Source: CBC News January 23, 2022 15:31 UTC