Episode 18 - The “cryptocurrency has no intrinsic value” argument.
I need to start off by saying this is not financial advice so if you are looking for that this show isn’t for you. The content of this podcast episode is for informational purposes only. The opinions expressed here are not meant to be taken as financial, investment, or any other advice.
Maybe this will come off as an economics 101 lesson or a history of currency lesson but I really hope it doesn’t. This question gets asked so many times that I felt like it was a necessary episode to have. Let me clarify that this podcast is strictly for education, and I want you all to be better thinkers when it comes to this new technology and financial market. I am neither for nor against crypto. I think there’s a bigger picture that everyone should be thinking about with it though and I will get to that later.
The statements “cryptocurrency has no intrinsic value” or “how is cryptocurrency worth anything” often come up in discussions and many times it turns into a debate of all sorts. But I will get straight to the point with this and no sugar coating. There are 3 main characteristics any form of currency must have to be worth for trading. So let's dive in!