This website uses cookies to ensure you get the best experience on our website

Will the 'Bitcoin have no Intrinsic Value' debate be consequential for prices?


Often, you'll hear critics shouting from rooftops that Bitcoin has no intrinsic value and is fundamentally worth zero.

Zero, like nada!

Do their arguments hold any water? Indeed, many Bitcoin and crypto supporters agree that any of the 21 million coins in total supply can't be used for, say, forging jewelry and what not—and they are okay with it. 

After all, they argue, Bitcoin is backed by a globally distributed 'army' of miners who have sunk billions into purchasing resources and paying electricity bills—a utility.

Meanwhile, in their defense, crypto supporters layout quite clearly that fiat is paper money and backed by a country's sovereignty and military. 

Aiming their missiles, crypto critics add that besides lack of inherent value, Bitcoin is highly speculative. Their pricing, they explain, is fixed depending on the forces of supply and demand. Accordingly, due to this, crypto prices can fluctuate depending on the trader's situation and plans.

Nonetheless, Bitcoin operates from a transparent base layer, and its monetary policy is determined by mathematics. Unlike fiat, people in a conference room can't tweak to change emissions to fit an arising circumstance or avert a meltdown.

Additionally, Bitcoin has a fixed supply and is deflationary.

Combined with the support from thousands—if not millions—from around the globe, unparalleled level of transparency, and increasing utility (acceptance), Bitcoin is worth something and is immensely valuable.


For more interesting tips and facts visit our Education Centre.


Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020