Bitcoin's value is derived from loads of people having excess money that they could use to speculate. It has no intrinsic utility. When the choice is to buy foo

Bitcoin's value is derived from loads of people having excess money that they could use to speculate. It has no intrinsic utility. When the choice is to buy food and fuel or a token that only gets more valuable if you can find someone with even more money to burn, people start to get a lot more practical as the money gets tighter.