Claim: Bitcoin is worthless because it doesn’t have intrinsic value

Is it a problem if bitcoin doesn’t have intrinsic value? The following point shows that the apparent issue of bitcoin not having intrinsic value is really not an issue at all: Nothing that is traded actually has intrinsic value. The value is always instrumental in some form or another. Every commodity or asset that is perceived to have intrinsic value has a function that gives it its value. For example gold is considered having intrinsic value because it can be used in industry or as jewelry. But this value is also instrumental since it is a usecase in a certain context. If it is a problem that bitcoin doesn’t have intrinsic value then all commodities have a problem. The instrumental value of bitcoin is enormous since, among other things, it is a life boat for the biggest financial problem in the history of mankind, the unstoppable train of fiat currency. submitted by /u/fullcongoblast [link] [comments]

Jun 14, 2025 - 13:48

Is it a problem if bitcoin doesn’t have intrinsic value? The following point shows that the apparent issue of bitcoin not having intrinsic value is really not an issue at all:

Nothing that is traded actually has intrinsic value. The value is always instrumental in some form or another. Every commodity or asset that is perceived to have intrinsic value has a function that gives it its value.

For example gold is considered having intrinsic value because it can be used in industry or as jewelry. But this value is also instrumental since it is a usecase in a certain context.

If it is a problem that bitcoin doesn’t have intrinsic value then all commodities have a problem.

The instrumental value of bitcoin is enormous since, among other things, it is a life boat for the biggest financial problem in the history of mankind, the unstoppable train of fiat currency.

submitted by /u/fullcongoblast
[link] [comments]