How does Bitcoin have an intrinsic value?
Talking about intrinsic value is always a difficult discussion. What gives Gold or really anything intrinsic value?


It is of limited quantity. Bitcoin also has a limit to the total
amount in circulation, and so has an element of digital scarcity
built into its design to mimic physical scarcity.

You can't counterfeit it. (Actually you can create gold, it just costs way more than just buying it) Bitcoin can't be copied through
any known process. You can't transmute lead to gold, nor simply
convert a random collection of bits into Bitcoin.
People accept it for Barter You can use Bitcoin with merchants all over the world, as well as person to person payments. The number
of people accepting and transacting in Bitcoin is growing every day.
You can build physical products with it While not a direct correlation the Bitcoin network is a highly secure trust network.
Nothing like it has existed before on its scale, and it seems clear
that quite a bit can be built on top of it. That gives the network
real value for companies emerging in various new sectors, and how do
you get access to this network? Bitcoin.



If people believe it has value, trade in it, and it lets you do things that were previously impossible it seems like it has intrinsic value by any definition.