Years ago I was dumb and bought the intrinsic value argument. Money needs to have intrinsic value, they said and bitcoin doesn't have any. Then I paused and thought about money, realizing that fiat doesn't have any intrinsic value either and that works as money for the time being.

If fiat needs no intrinsic value, and if fiat works as money, money needs no intrinsic value. Money just needs to be accepted as money. And as time goes by and as more merchants accept bitcoin every day, the intrinsic value argument becomes more and more laughable.