our inability to see its intrinsic value is not proof that it has none. Many people see value in a money that cannot be taken by governments without force, that is not issued by governments, that has a known rate of disinflationary expansion, where you can be your own banker. Just saying - to some people, that is valuable. Edit: The very notion of intrinsic value is a contradiction in terms. Value is an externally ascribed attribute. Value must mean valuable TO someone or some entity FOR some reason. It does not exist intrinsically. The very notion is nonsensical.