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gbj_tester
I don't really buy this because "intrinsic value" is such a blurry concept. A share in a business is a piece of paper - it has no intrinsic value either. Its "intrinsic value" comes from society, laws, and a sufficiently large/powerful group of people who are interested in maintaining the system that makes shares valuable. But Bitcoin has those too, so it seems like these people are just drawing an arbitrary line and saying "this value is real and intrisic, but that value is made up".
The whole financial system is made up, money has no value, it all only works because we all agree that it should work.
(I do not own any bitcoin)