

Exactly this. People who buy crypto with Real Money only do so in the expectation that they’ll later be able to sell it for more Real Money. By design, it doesn’t represent labor, materials, services, anything of actual worth, it just sucks the value out of fiat currency like a parasite.
Eutelsat are aimed at a different market: infrastructure. Their intended customers are larger and more demanding: research outposts, small villages, oil rigs, mobile phone towers, ships, and so on, as opposed to Starlink who focus on consumers directly, which is much more low-stakes. I’m genuinely curious if Eutelsat can move into Starlink’s territory.