Defining the Intrinsic Value of Bitcoin – Bitcoin Magazine: Bitcoin News, Articles, Charts & Guides

Dr. Rittler is Assistant Professor of Philosophy at the University of Wyoming.

In this article, I want to clarify and respond to the prevailing assertion regarding Bitcoin – that “Bitcoin has no intrinsic value. Two preliminary things to note. First, this isn’t just used as a standard-neutral descriptive statement; it’s mentioned as a critique. It usually appears in the following kind of argument, often with premises left out: It’s bad to lack intrinsic value. Bitcoin lacks intrinsic value. So bitcoin Bad Or maybe: It is not worth investing in things that lack intrinsic value Bitcoin lacks intrinsic value Therefore, it is not worth investing in Bitcoin.

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