This mainly depends on the Crypto Asset/Currency you are holding on to. For the most part Crypto is an asset or currency that resides in the digital world, and they don’t have any physical value.
I am slightly inclined to say they have an intrinsic value even though they don’t have physicality. Typically, an asset like gold or silver has intrinsic value because the asset can be used for more than just as a medium of exchange. With gold and silver, there is a market demand for these precious metals for various technology companies. Because of this, I feel comfortable calling Crypto Assets/Currencies have an intrinsic value aside from being a medium of exchange. When you think of some of these Crypto Assets having the capability of creating smart contracts, that seems like an intrinsic value to me.
Most Cryptos are not backed up by an asset like gold, silver, or other precious metals. There are a few, but not very many.
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