A recent opinion article published by The New York Times has reignited debate within the financial and technology sectors after describing cryptocurrency as “pointless” and questioning its long-term economic value. The column argues that despite years of innovation, political engagement and significant capital inflows, digital assets have yet to demonstrate enduring real-world utility commensurate with their market valuations.

The commentary points to sharp price volatility, repeated boom-and-bust cycles and high-profile industry failures as evidence that cryptocurrencies remain largely speculative instruments. It suggests that even supportive political rhetoric and regulatory engagement have not fundamentally altered the…