The house always wins. No refunds.
(media.scored.co)
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The price of electricity, processing "labor", rarity, etc.
Hate to break it to you, but precious metals aren't worth anything either. They literally just sit in the ground. I don't feel like writing, again, why they are worth anything, but most people get it wrong.
Trying to understand wealth and what makes things valuable is an entire branch of economic theory that can't be fully explained in post on a forum. If you're interested, study it. Bitcoin just reached 108k. It's been around almost 20 years. You can be mad if you want, it won't change anything.
The fact that people are investing in this and profiting is some next level jew magic.
A few years ago, I thought like you - that crypto was BS - and for the most part it absolutely is. Outside of the main ones like BTC LTC and ETH it's mostly horse shit and scams. Stuff like "filecoin" and crap like that have absolutely no actual viable usage. I thought that all crypto including BTC were horse shit because they had no tangible value. Then I realized neither does USD, EUR or most other fiat currencies. They are backed by nothing and printed out of thin air. Bitcoin is at least - in some form - backed by electricity and computing power. You can't just up and create a bitcoin from nothing.
Really it's fiat money that is the jew magic. Crypto is arguably the best thing we have short of returning to some commodity-backed currency. It's not perfect, but it's better then jews creating money out of thin air.