> At least no one's sitting around pretending it's going to actually do anything useful anymore

It enriches certain elected officials (and their friends). That's why the US Government holds a "Strategic Bitcoin Reserve".

Other than that if you measured the utility of Crypto assets versus AI, there's no argument that AI (even though it's in a bubble) is still more valuable per MWh than Crypto.

Oh ya, AI may be frothy and bubbly right now but there will certainly be and already are tremendous real world software and hardware products and tech flowing out of the space