Bitcoin is actually quite valuable, independent of it's market price

Everyone always says how bitcoin has no intrinsic value, it's all based on what the next guy is willing to pay for it.

While that is true, it's not entirely true.

While we are on that subject that's pretty much how everything that doesn't generate cash flows of pay dividends is priced, is it not?

A chunk of gold has some industrial use, but the majority of its value is based on the fact that believe it does and are willing to pay a higher price, in the case of it going up.

Irregardless, bitcoin does actually have some intrinsic value.

Sees:

(Source:

https://twitter.com/michael_saylor/status/1316054485781929984

- michael_saylor

Bitcoin is capable of storing all the world's money in a fair and equitable manner without losing it, that is hugely valuable.

There is no other platform or system on the planet that can make those same claims.

Eventually governments will agree it makes sense as a universal settlement layer and by that time it will be worth close to $1 million per coin.

I better get some more money out of savings and hope for a dip!