Nothing has an intrinsic value. In a hot desert, 50 miles away from civilization the value' of a water bottle is far much higher than 1 kg of gold or 1 btc.

value doesn't exist without the context of a use. this is a perversion of the meaning of value. it's the materialist/marxist mindset that tries to say that value is in the labor, rather than the marginal value, and "intrinsic value" as a meme is a marxist muddying of the waters. this fashion of saying "intrinsic value" is fallacious reasoning. and that's a fact, that all rationales for action are ultimately speculative and probabalistic. and if past performance is any indicator, then all of these anti-bitcoiners are wrong. and they all will cite past performance as their justification for the value of their favourite asset.