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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment
"Intrinsic value" isn't a rational concept and doesn't exist inside any successful economic formalizations.
Gold has value because it has useful properties, just like Bitcoin.
Gold: Shiny, sort of limited supply, difficult to store and transport
Bitcoin: Not shiny, hard-limited supply, easy to store and transport
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"Intrinsic value" isn't a rational concept and doesn't exist inside any successful economic formalizations.
Gold has value because it has useful properties, just like Bitcoin.
Gold: Shiny, sort of limited supply, difficult to store and transport
Bitcoin: Not shiny, hard-limited supply, easy to store and transport