“Cryptos Don’t Have Intrinsic Value” —Well, There’s no Such Thing

This story was originally published on HackerNoon at: https://hackernoon.com/cryptos-dont-have-intrinsic-value-well-theres-no-such-thing.

Nothing has “intrinsic” value—not gold, not fiat, not crypto. Value comes from us. So why is crypto judged by a different standard?

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Some people claim that cryptocurrencies have no intrinsic or inherent value. In reality, no asset (fiat, gold, crypto) has value unless we humans agree it does. Value isn’t stored in objects like some hidden ingredient; it’s created by supply and demand.