Does bitcoin have intrinsic value?

Listen to the many Bitcoin critics long enough and you’ll inevitably hear the argument that Bitcoin can’t work because it has no intrinsic value. You can’t hold bitcoin in your hand, you can’t wear it, and you can’t do it Any thing with it as well as trading it with another person.

Gold bugs like to point out that unlike bitcoin, gold is used in all sorts of industries like electronics, jewelry, and dentistry. Cryptocurrency investors and economists like to point out that unlike stocks, bonds, and farmland, bitcoin doesn’t produce anything. However, what both groups fail to understand is that these are not bugs, but very key features of Bitcoin.

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