Many, otherwise smart, people still don't understand that there is no such thing as "intrinsic value." All value is subjective and is imputed by the observer. People value things for all kinds of reasons and it doesn't have to make sense to anybody else.
The Argument Against Michael Saylor
https://www.zerohedge.com/markets/argument-against-michael-saylor
Discussion
The article stated out so well and then fell off a cliff when he started talking about bitcoin needing to be linked to a "real" asset.