“(Not) stable in terms of stores of value” concludes his dismissal of cryptos. Do we really believe that fiat money in the hands of central banks and governments is “stable”? The bubble(s) will stay in place until we realize that the system is totally is not only unstable but out of control. The “money supply” has a limit of infinity, and the value of its units can approach zero. I’ll take Bitcoin limited to 21,000,000 or Litecoin,84,000,000, anyday.