How would you define "intrinsic value"? This would imply that things have value whether or not humans agree they have value. Money itself should not have any value from utility other than being money.
> It doesn’t seem to have a path towards becoming a global medium of exchange
Money is layered. The Fedwire is not a global medium of exchange, nor was gold. But as the base layer that scales with solutions like the Lightning Network and others, Bitcoin has the obscene advantage of being digital, decentralized, and salable across space and time.
All value is inherently speculative - you likely speculate that your fiat savings won't inflate away rapidly. What is being speculated upon is that Bitcoin is an improvement upon the monetary system.
> It doesn’t seem to have a path towards becoming a global medium of exchange
Money is layered. The Fedwire is not a global medium of exchange, nor was gold. But as the base layer that scales with solutions like the Lightning Network and others, Bitcoin has the obscene advantage of being digital, decentralized, and salable across space and time.
All value is inherently speculative - you likely speculate that your fiat savings won't inflate away rapidly. What is being speculated upon is that Bitcoin is an improvement upon the monetary system.