When even the people who says that Bitcoin has intrinsic value prefer something else it's hard to buy the argument.
What's the intrinsic value of Bitcoin then? $10000? $100? $1?
What's the intrinsic value of Bitcoin then? $10000? $100? $1?
This argument doesn't make any sense. I prefer BTC over gold. This does not negate the intrinsic value of gold in any way.
What does that mean? That if you had some amount of gold you would sell it and buy bitcoin instead?
But the point is that saying that "it has intrinsic value" doesn't really mean anything if one cannot even given an order of magnitude of what it is.
I won't say that the price of gold is directly related to its intrinsic value (there is no way to do "financial valuation" on it) but the situation with bitcoin is even worse. At least there are some industrial uses of gold that can be used to assign an objective value to an ounce of the metal.