[Analysis] Bitcoin has no intrinsic value ,  and that’s great - Connor Brown

Bitcoin ($BTC) has no intrinsic value, but that doesn't take away its claim to be the best money. Typical attacks on Bitcoin's intrinsic value are either appeals to histor (past currencies have been physical, so Bitcoin can't be currency) or appeals to authority (Austrian economics says commodity money must be physical, so Bitcoin can't be money). Yet even Austrian economists like Ludwig von Mises knew commodity money had real limitations due to supply constraints: industrial use and mining change the supply and therefore its value. With Bitcoin, gold's potential utility can be totally unlocked, as its store of value feature evaporates in favor of digital gold.