Nice and interesting post. I think cryptocurrencies can look everything from undervalued to tulip-mania style according to how you look at things. Money are really just a medium of exchange, but most people are brainwashed for far too long to understand this. Also, nobody I know except some close friends know what the fractional reserve banking is. The fiat monetary system itself it a bubble. I do believe that blockchain technology is going to revolutionise the monetary system, but how this will affect the price of digital assets, I do not know. I remember watching this video with Peter Thiel that the X value an entity creates is independent of the value it captures Y% of X.
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When I have time, I'll watch this. Looks interesting. Thanks!