In my view, What is the intrinsic value of Bitcoin?
Many argue that Bitcoin has no intrinsic value because it is not backed by anything and does not generate cash flow.
Moreover, Bitcoin is actually backed by a very secure network that is used as a preeminent asset. We can see that there are five factors that become the intrinsic value of Bitcoin, namely:
1. Security
2. Decentralization
3. Scarcity
4. Eternity/ Immutable
5. Utilities

Conclusion
The intrinsic value of Bitcoin cannot be compared with other traditional assets because Bitcoin is a new type of asset. Bitcoin is still trying to find a place among other assets, and it is too early for us to determine Bitcoin's intrinsic value unanimously. The intrinsic value of bitcoin is likely to change based on people's perceptions and the future growth of Bitcoin adoption.
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