The problem right now, though, is the single most important key "fundamental" missing from Crypto is the lack of any purchasing infrastructure. Only Bitcoin has any sort of presence, and the latest bubble destroyed consumer confidence in Crypto, which meant that things actually got worse, and fewer major merchants accept Bitcoin than previously (ex. Steam, KFC Canada, etc).
Right now the Federal Reserve isn't even classifying Crypto as a currency. It's being classified as a commodity. And the Fed is right; spare me the Jekyll Island conspiracies. I believe in Crypto long term, but that future is not certain if the current Chinese jackals and also the powers-that-be can manipulate the market enough to destroy confidence in it, and the possibility of a digital, universal, anonymous currency that is practically invulnerable to theft (unless, figuratively speaking, someone runs off with the entire bank).
Currency only works if people believe in it. The paper we use has virtually no concrete value. It's only money because we believe it's money: which entails that we accept it as payment for real goods. If it doesn't have a viable infrastructure to buy goods, and not just some goods, but all the goods one needs to operate their life and livelihood, then it might as well be worthless.
The Crypto market needs to work a lot harder on developing that infrastructure than working people up over meaningless stock market graphs. Without it, it will never be anything but what the detractors say: a scam.
