The idea Bitcoin can't be an asset because it lacks "intrinsic value" is absurd for this very reason. The "intrinsic value" of one bitcoin is 1/(21*10^6)*X where X is the value of the payment network that the btc tokens are part of. Unfortunately, knowing that doesn't change the lengthy price discovery process ahead of us.
No... But do Bitcoins look and smell pretty? :P
The idea Bitcoin can't be an asset because it lacks "intrinsic value" is absurd for this very reason. The "intrinsic value" of one bitcoin is
1/(21*10^6)*XwhereXis the value of the payment network that the btc tokens are part of. Unfortunately, knowing that doesn't change the lengthy price discovery process ahead of us.