That and drugs and crime. But mostly large scale international money laundering often by established governments. That's where the value of crypto comes from. Crime of one sort or another.
There is literally nothing to justify the valuation here. Satellite internet is never going to beat wired internet. If you start to get enough customers that satellite internet could be very profitable the end result will be somebody runs a wire to that City and you lose those customers.
The current valuation is based entirely on the understanding by everyone involved that the money is eventually going to come from all of our 401K plans. That's 10 trillion dollars that the top 0.1% can steal from us.
What's amazing is the number of people who think that because they can check off a couple of boxes on a form every other year that they can somehow outmaneuver somebody like Elon Musk who has entire teams of lawyers figuring out how to rip them off.
That is one of those, pray thee Mr babbage, moments. As in, I am not able rightly to apprehend the kind of confusion of ideas.