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Currency nowadays doesn't have intrinsic value, it has agreed value. The same is true of bitcoin but that doesn't make them the same.
Edit: what I mean with the above is that using bitcoin means using the non-centralised, non-government, relatively secure and transparent bitcoin network to send value. An unbanked Kenyan tribesman with a smartphone can buy something from Japan with bitcoin, which they theoretically couldn’t do without a government regulated bank account. Or a Venezuelan citizen, if they’re able to find someone who will take their currency for bitcoin, can actually their money overseas as bitcoin and more people will accept it (very few countries have exchanges for Venezuelan bolivars).
The ability to do that has value.
Double edit: seems I erased initial paragraph. I think I said something along the lines of bitcoin does have intrinsic value, and that’s why it’s considered a commodity, because owning bitcoin means you can transfer value with the network, and that’s useful and worth something.
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Leshaches
ffm
You seem to be using "intrinsic value" in an odd way (although the whole concept is slightly oxymoronic since value exists due to the valuer, not the object itself). A big gold coin has more intrinsic value than a small gold coin because gold itself is considered valuable regardless of its shape. The same is not true of bank notes or base-metal coins.
Currency nowadays doesn't have intrinsic value, it has agreed value. The same is true of bitcoin but that doesn't make them the same.