RE: Is it possible to find Bitcoin's intrinsic value?

Wow, that was a very cool way to break this down. Much better than the guesses being thrown around by pundits or bogus comparisons to the tulip market. This was the best article I saw that dispels the tulip bubble argument.

https://steemit.com/money/@thehutchreport/dimon-is-whistling-thin-air-out-of-his-two-lips-bitcoin-is-not-like-the-tulip-bubble

Oh and thank you for sparing us the complicated details, but I could not resist looking up the complete Fisher version, so here it is also if anyone else wants to see it:

MV = ∑ piqj = PT ….(4.1)

where

M = total stock of money in an economy;

V = velocity of circulation of money, that is, the number of times a unit of money changes its hand;

Pi = prices of individual goods;

∑P = p1q1 + p2q2 + … + pnqn are the prices and outputs of all individual goods;

qi = quantities of individual goods transacted;

P = average or general price level or index of prices;