Bitcoin, Ethereum and other cryptocurrencies do have intrinsic value, according to my humble opinion, contrary to what Warren Buffett and many other value investors are saying.
By the way, the Oracle of Omaha as Warren Buffett's moniker goes, has been saying many things are not OK and it turns out he either currently or at a later stage invested in them.
Example: Warren Buffett has said that "Derivatives are weapons of mass destruction", while the insurance business lead conglomerate Berkshire Hathaway, managed and majority controlled by Warren Buffett himself has tens of billions of USD invested in financial derivatives.
Anyhow, Bitcoin, Ethereum and other cryptocurrencies intrinsic value lies in being a means of exchange, store of value and financing vehicle, among other value accretive features.
Yes, Bitcoin and Ethereum do not pay dividends yet, but so do not Amazon, Facebook Alphabet(Google owner) and most other technology companies.
Browsing on the internet, watching videos, creating Microsoft Excel and Microsoft Word files, drinking coffee also do not pay dividend income streams, but these activities do provide value.
Internet as technology has been applied by firms like Apple, Microsoft, Intel, Nvidia even that have paid out and are paying dividends.
It is a matter of time, according to my humble opinion that many technology companies and firms from other industries apply Bitcoin, Ethereum, other cryptocurrencies and the blockchain technology underpinning them to create value, streamline their production processes and provide higher revenue and profits, which ultimately will translate into dividend income from profitability.
Barring governments the world over from getting involved and for example outlawing Bitcoin and other cryptocurrencies. But history has shown it is very difficult to go against the people.
"There is nothing more powerful than an idea which time has come".
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