Key word here is intrinsic value.

Had a conversation with two very intelligent guys recently, both worked on AI, and both were very sceptical about BTC (one mostly because he thought governments would never accept losing control over money). I explained to them that the intrinsic value of BTC is absolutely there, only organised differently then in traditional companies. BTC has a great number of capital goods, only they are decentralised, coming and going, in the form of miners and full nodes. BTC has IP, only it is open sourced. It has development, only also more decentrally organised. They found that enlightening.

But of course the biggest intrinsic value is that it actually works to safely and immutably exchange value and store other valuable information.

And then there is this inflation thing.......