yes bitcoins price is not the intrinsic value. but that does not mean bitcoin doesnt have one
Tulip Bulbs had a very high PRICE until the mania collapsed.
Bitcoin will have a very high PRICE until the mania collapses.
In the end, Bitcoin's ONLY value is what someone else will pay for it... Once the hope of selling bitcoin for more than you paid for it is gone, Bitcoin will be almost worthless.