‘Bitcoin has no intrinsic value’

There’s no commonly agreed definition of intrinsic value, and in the field of economics it is generally agreed that value itself is a subjective measure. In other words, value is in the eye of the beholder. For something to be valued by some, it isn’t necessary for it to be valued by everyone. Bitcoin can provide value to users through:

• Settlement assurances independent of third-parties
• A purely electronic savings tool, even if they do not have access to the traditional banking system (Bitcoin dollar-cost averaging)
• The ability to send cheap and fast payments anywhere in the world
• Censorship resistant money.