I like the idea of bitcoin, but I can't help but worry that the fact it's both unregulated and has no intrinsic value, couple that with the general volatility a

I like the idea of bitcoin, but I can't help but worry that the fact it's both unregulated and has no intrinsic value, couple that with the general volatility and it looks less appealing.It's tough to think of something as a safe haven when it has such wild fluctuation. If it had one of those things I'd be tempted to invest, but the fact it lacks either makes me fearful of it. I really liked this write-up on crypto-currencies, it's a nice way of thinking about the taxonomy of money and where it sits. https://www.bis.org/publ/qtrpdf/r_qt1709f.htm https://www.bis.org/publ/qtrpdf/r_qt1709f.htm