If investors think they can use it for food or for manufacturing chemicals as a catalyst so be it.
This is intrinsic value. Investors thinking it has intrinsic value don’t know what intrinsic means.
Its intrinsic value made up in people’s heads is not intrinsic value. If it’s traded as an investment, it’s not a pure currency.
It’s not that hard. Investments that grow because they actually produce something of value is intrinsic value.
The value of the bitcoin is in people’s heads as an investment. Forbes has gone down a huge notch in advice Imo. Stick with the WS journal and try to read the best investors opinions and actual data. If you like volatility and betting against other people, go to Vegas and bet parimutuelly.