To clarify, what I meant was specifically "exchange value". The sole purpose of buying Bitcoin or USD is to exchange it at some later point in time. There are p

To clarify, what I meant was specifically "exchange value". The sole purpose of buying Bitcoin or USD is to exchange it at some later point in time. There are practically no other uses. As opposed to the many trade-able things which can be consumed, used, exploited, etc. Of course it's not black and white. Gold has some intrinsic value but its "intrinsic value demand" (e.g. industrial uses) only accounts for a tiny share of total demand.