What is the intrinsic value of Bitcoin?

[IgorShumilo]

You can differently refer to the cost of bitcoin and the formation of the bitcoins price, but the fact that this currency (and this already became the fait accompli that it is a currency) is viable and if 1 million people decided to use it in their calculations, then after a while the number of these people will grow exponentially.

So how is the bitcoin price formed? The price of bitcoin is formed by society and the more profitable calculations in this currency, the higher the price and the bitcoin rate.

[garymorgen]

There is no base an incentive for bitcoin, similarly as there is no base an incentive for fiat. On the off chance that everybody began not utilizing USD they would be worth nothing. Maybe you could consider a system of esteem for bitcoin.

[donhill]

Yes, The concept of intrinsic value is used in the form of any business but in the crypto currency there is no such value which is declared officially by them. It basically depends on the users of crypto currency, their trust in the currency creates value to that particular coin.

[quarkyplum]

IMO, the real nature of the Bitcoin exchange rate is much higher than it is now, not just over $ 6,000. The current exchange rate of the BTC is reduced to more than $ 6,000 due to the impact of the negative external news. I think the BTC rate could be as high as $ 30,000 if year-end demand for cryptos is high.

[promotionuser]

I think the intrinsic value of the current bitcoin will be the depreciation cost of the bitcoin digger and the transactions of the partners.

[fathur01]

In the end, we all transfer any cryptocurrency to dollars or euros anyway. The value of Bitcoin lies in people's belief in blockchain technology and Bitcoin itself.

[Billgates710]

The blockchain technology, cryptographic security and ability to buy things with BTC are some of the facts that determine the intrinsic value of BTC. I guess this value stays as long as people get something in return from BTC.

[butterfly8226]

BTC has become a liquid asset because of its nature. It is considered as a great alternative to fiat money and offering many advantages over the fiat money. This has led BTC to have intrinsic value.

[kingofhell9008]

well if you know about the market and study the it properly then you should have known that this place doesn't have any stable value it is a unpredictable business so it is impossible for us to find a stable value like the other corporate fields

[whofeelsitknowsit]

I don't believe BTC has any intrinsic value.  But as long as people believe it has value, it will continue to have value...

[usekevin]

Bitcoin don't have any intrinsic value,it may be the trust of the people on bitcoin.Bitcoin was sustained in the cryptocurrency market more than 9 years.It will not occur without the people trust on bitcoin. Many traders will start to inverse in bitcoin after the huge raise in bitcoin price in 2017.But just imagine about the status of bitcoin at the price of 1000$, many people may think it's a scam one.

[Crystalcoin24]

I think my answer will disappoint you but it is true that bitcoin doesn't have base amount it never had, as per the market conditions and investors activities this prices keep changing so expecting that the price will be stable is only going to disappoint you

[steve_rogers321]

Bitcoin are more secure and reliable. thats why its intrinsic value are people's faith and confidence. it's more valuable and it will express officially. it will be help to increasing investment and make more profit.

[jackpot888]

Bitcoin are more profitable and potential. iti is more secure and ensure your profit. it is also committed to provide more profit for investor. it is more trusted and people are increasing their interest to invest here. i think its intrinsic value are people trust and faith.

[BogdanGFTP]

It seems to be very deep theoretic question. The technology of blockchain is revolutionary and Bitcoin source code is like artwork - it costs very much. But the price of the currency is artificially overvalued by the finite number of coins. And I think that Bitcoin capitalization is too much higher than its intrinsic value.

[nitrinto]

the intrinsic value of bitcoin lies in its demand in the cryptocurrency market. because if bitcoin loses demand-it will become useless and will lose its value.

[LinkinPrak852]

Bitcoin are impressive and probable. it is the best cryptocurrency in the world. its future are more profitable. people are trust it very much and they want investment here more and more. i think the intrinsic value of bitcoin is people trust and believe. it is more powerful and valuable.

[larrybarg]

Intrinsic value depends on people to people I think. There is no official intrinsic value of Bitcoin I think. What one think about bitcoin is the intrinsic value in my opinion.

[baiwei]

I think bitcoin has no intrinsic value because it has a limited supply only unlike in fiat money that has a unlimited supply when the goverment print a new paper money. In bitcoin markets conducts the price of bitcoin and nothing will change that because bitcoin is decentralized.

[rileyhill]

Intrinsic value is widely used in financial world. It means the use of anything. For example, we can use gold to make jewellery, use it in electronics. Gold also has its value except these uses. So, gold has intrinsic value. But in case of bitcoin, we can say the blockchain technology is the intrinsic value of bitcoin.