It’s because they can’t touch it 😂
There’s this strange idea that assets and money need to have intrinsic value or be backed by something. The truth is that value is subjective.
Discussion
😂 I do see the appeal of horse carriage rides though lol
I would say the energy spent to mine Bitcoin is what gives it real value.
Value is always subjective 😄
"Value is not intrinsic, it is not in things.
It is within us; it is the way in which man
reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value
that counts, but how they act.” — Ludwig von Mises