Everything is a risky bet and there is always subjectivity involved in prices, but what I mean by "intrinsic value" is that the the asset has so tangible use th

Everything is a risky bet and there is always subjectivity involved in prices, but what I mean by "intrinsic value" is that the the asset has so tangible use that is valuable to people directly. Oil has intrinsic value because people can use it to generate electricity. As you say, equities have (theoretically) some cash flow associated with them so you are buying a cut of future profits. But what is the theoretically correct price of Bitcoin? In some sense it's just like every other asset, the right price is what someone else will pay for it. But what you actually care about is what someone will pay for it 1/5/10 years from now (especially if you plan to use it as a store of value). And how do you even begin to model that?