utilization is extrinsic.
No, because it is this very utilization that is the primary use of money that's why it is intrinsic. Many people confuse, in equities the terms: "Book-value" and "intrinsic value". In currencies this same confusion is very existent:
"I don't like bitcoins because they're not backed by anything"
That's similar to saying:
I don't like tech stocks, because they have very low Book-value (measured in tangible assets on book) compared to market value, they're virtually not backed by anything.
Thus, a stocks intrinsic value is the managements ability to utilize capital to maximize shareholder value with as little captial and assets as possible, rather than looking at current "assets under management", likewise a currencys intrinsic value is "the utilization of it to do business" rather than looking for either "tax payers or commoditys to back its liquidation value".