BitcoinStu on Nostr: What the gold bugs mean is that gold has utility outside of a store of value. And ...

What the gold bugs mean is that gold has utility outside of a store of value. And that's true. But "intrinsic value" as your quote suggests, is a value judgment that individuals place upon a thing.

A thing has value if it has utility to people. Bitcoin has utility as a secure store of value that can't be debased. That gives it utility, and utility gives it value. How much value? How much utility, of course.

As the quote says, nothing has intrinsic value. There is no such thing.