is it a ponzi scheme because somebody valued the new kyries at $1500?
or the new macbook pro at $2500?

in china they can make a generic medication, have it shipped to the
u.s. and sell it for 4x the price at which it is made. what is the
value in that? $4? $100? nothing?

as long as you're calling that a ponzi scheme too, fine.

the good/service in this case should be decentralization, tech, the
value of supply/demand. which you can't really put a price on imo. the
2008 financial crisis is what triggered this and countries that have
been pissed on are willing to buy into it.