Actually, there is an underlying value. What is the the underlying value if a dollar? Or euro? On first sight, there is none. But when the IRS knocks at your

Actually, there is an underlying value. What is the the underlying value if a dollar? Or euro? On first sight, there is none. But when the IRS knocks at your door to collect taxes, you will need to cough up dollars. Or euros when you live in europe. Rubel, yen or gold won't do. That provides the underlying value of the dollar. Or the euro. Now what about BTC ? When the ransomware hacker knocks at your door, you'll have to get bitcoin. Dollars or rubel won't do. That provides the underlying value of the bitcoin.