Fiat - means "by force" therefore bitcoin is not a fiat.
"Intrinsic value" is not limited to material things only. Equally, a service, as much as a material object, may have an value which is determined by market, therefore presently bitcoin has an intrinsic value.
that is completely wrong. anyone else believing this nonsense? that would explain alot.
actuall fiat means: "let it become", "let it be done" or "it shall be"
also, you don't seem to understand what "intrinsic" means. what you are talking about is the extrinsic value. maybe this helps you a bit:
https://en.wikipedia.org/wiki/Intrinsic