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Yeah, it's like dollars or gold, their value is zero too. There is no such thing as 'intrinsic value'. Value is always subjective.
by Geee 5y ago
Yeah, it's like dollars or gold, their value is zero too. There is no such thing as 'intrinsic value'. Value is always subjective.
- Etheryte 5y agoIntrinsic value is a specific term in finance [0] and it is by definition an estimation/approximation. Saying there's no such thing as intrinsic value because value is subjective is like saying there's no variables that are undefined because undefined variables have a defined value of undefined. [0] https://www.investopedia.com/terms/i/intrinsicvalue.asp https://www.investopedia.com/terms/i/intrinsicvalue.asp
- Geee 5y agoIt makes sense for something that produces cash flow, but saying that bitcoin doesn't have intrinsic value and therefore no value is just stupid.