I don't quite understand what you mean to say
It looks like that your point hinges on the assumption that "digital abstraction", the term which you seem to use to describe both fiat currencies and Bitcoin, has no intrinsic value. If that is being the case, I can only say that you are pretty much wrong on this. Money, even in the form of "digital abstraction" as you call it, does have intrinsic value. Just in case, it is called transactional utility which is an inherent quality of money, i.e. something without which money can't exist
Hi. First and foremost, modern money doesn't really exist at all, does it? It's just a number stored as a voltage on a suitable medium. Let me ask you this though: when the money markets determine the value of the dollar (or yen, euro, sterling, etc.) do they determine it on the basis of its "transactional utility"? What proportion of the 'value' of one dollar (or one bitcoin) represents its "transactional utility"? In other words, how is this "transactional utility" itself valued?
Put a value on it for me.
What applies to the dollar, yen, euro or bitcoin must apply equally to all currencies. What is the value of the "transactional utility" of Zimbabwe's currency?
https://banknoteworld.com/shop/Zimbabwe-Currency/?gclid=CI2EjLKiq9ACFfIK0wodR88AKAHS