The intrinsic value or rather "using BTC as a store of value" instead of currency was a narrative hijack play by the cabal. The OG Bitcoin was supposed to be both an everyday use currency AND a store of value. The powers that be took control of the BTC narrative to only make it a store of value and everyone (including myself for a time) fell for it. The reason they got away with it is that the cabal controls the subreddit "bitcoin" and either bitcoin.com or bitcoin.org (I can't remember). This is massive leverage because anyone who is new to bitcoin would go to either the subreddit or bitcoin's website.
Try to just transfer $10 of BTC to another wallet and you will find that the network transaction cost is high compared to Bitcoin Cash (BCH). It's by design. The network transaction cost on BCH is lower compared to BTC. And that's by design (the original Bitcoin whitepaper design).
Unfortunately, since these cryptos are not backed by anything other than the market they tend to fluctuate massively. I don't believe we will ever see market-based cryptos ever be stable. The only stable cryptos will be anything that is backed by fiat/govts. We already have USDT and USDC which are US dollar cryptocurrency. They are relatively stable but come with their own set of risks. If we want to have a blockchain based currency it will have to be made by a govt, backed by that govt, and it must be connected to a real-world hard asset (like gold or silver).
I'm anticipating a scenario where the US govt will issue gold backed US Treasury dollars or silver backed US Treasury dollars that are built using blockchain technology. It will have to be a new US dollar otherwise if they just used the Federal Reserve Dollar Note gold and silver would explode in price leaving everyone worse off. I believe there will be a period of an exchange rate for US Federal Reserve Dollar Notes to US Treasury Dollars.
The intrinsic value or rather "using BTC as a store of value" instead of currency was a narrative hijack play by the cabal. The OG Bitcoin was supposed to be both an everyday use currency AND a store of value. The powers that be took control of the BTC narrative to only make it a store of value and everyone (including myself for a time) fell for it. The reason they got away with it is that the cabal controls the subreddit "bitcoin" and either bitcoin.com or bitcoin.org (I can't remember). This is massive leverage because anyone who is new to bitcoin would go to either the subreddit or bitcoin's website.
Try to just transfer $10 of BTC to another wallet and you will find that the network transaction cost is high compared to Bitcoin Cash (BCH). It's by design. The network transaction cost on BCH is lower compared to BTC. And that's by design (the original Bitcoin whitepaper design).
Unfortunately, since these cryptos are not backed by anything other than the market they tend to fluctuate massively. I don't believe we will ever see market-based cryptos ever be stable. The only stable cryptos will be anything that is backed by fiat/govts. We already have USDT and USDC which are US dollar cryptocurrency. They are relatively stable but come with their own set of risks. If we want to have a blockchain based currency it will have to be made by a govt, backed by that govt, and it must be connected to a real-world hard asset (like gold or silver).
I'm anticipating a scenario where the US govt will issue gold backed US Treasury dollars or silver backed US Treasury dollars that are built using blockchain technology. It will have to be a new US dollar otherwise if they just used the Federal Reserve Dollar Note gold and silver would explode in price leaving everyone worse off. I believe there will be a period of an exchange rate for US Federal Reserve Dollar Notes to US Treasury Dollars.