One could argue that the "intrinsic value" of crypto is that it enables censorship resistant point-to-point data transfer (transactions). As long as some subset

One could argue that the "intrinsic value" of crypto is that it enables censorship resistant point-to-point data transfer (transactions). As long as some subset of people are using it for that purpose, it has value, even if it's a tiny minority. I imagine that of all the gold in the world, the vast majority of it is the "store of value" kind, and not the "computer chip ingredient" or "jewelry" kind.