> US dollar has no intrinsic value other than the fact that it is the required currency for paying US taxes That's extrinsic value. A pretty simple test you ca

> US dollar has no intrinsic value other than the fact that it is the required currency for paying US taxes That's extrinsic value. A pretty simple test you can apply to figure this out: would the value still exist if you were all alone on a desert island? Food has intrinsic value, you'd still value food in this case because you still need to eat. Dollars do not, they're no good without another entity to give them to. Same for bitcoin. Mostly the same for gold although there are some uses of gold as a metal. So bitcoin is a bubble, in that it has no intrinsic value, and the same is true of dollars. The important question is which of these bubbles is going to burst first.