Bitcoin Intrinsic Value, My Turn To Speak

So, irrelevant of the Business Insider CEO coming out today and claiming bitcoin has no intrinsic value, we all have long debated this topic and everyone is exactly correct... Just ask them. Anyways, if I may take a stab at bitcoin intrinsic value:

According to Wikipedia, Intrinsic Value (finance) refers to the value of a company, stock, currency or product determined through fundamental analysis without reference to its market value. Two times this definition refers to the word "value" itself. What is value? Per Wikipedia, Value (economics) is a measure of the benefit that may be gained from goods or service. What most people fail to realize this that Intrinsic Value is subjective. If one aspect of any measurement or definition is subjective, the end result must be subjective. Although the term "intrinsic" implies objectivity, we can see through the definition of "value", that it is subjective. Therefore, Intrinsic Value can vary from person to person.

Henry Blodget, who graduated from Yale and is also permanently banned from trading securities by the SEC, does not see any intrinsic value in bitcoin. One would assume this is due to his lack of perceived danger in the current monetary system. His income level after paying taxes is presumably commensurate with what he believes he deserves. He views his investments as relatively safe and his assets as secure. He has no need to transport wealth across international borders and the current system is designed such that he could internationalize without incident. This is a view shared by many people.

Let's contrast this to other individuals. The Cyprian basically saw their wealth raided by the government to create liquidity for the banking system. The student of economics has seen their purchasing power decreased through inflation of the monetary supply. The expatriate has had difficulty transporting their wealth physically across borders, thus creating different (if not riskier) security issues. The immigrant has paid exorbitant fees to provide an income to his or her family in their homeland. These people would have a value that is intrinsic in the design of bitcoin that Mr Blodget would not have.

I do not believe Henry is incorrect in his assessment. As is so often the case, he just fails to see a situation through another's perspective. Maybe the question should read, "Does intrinsic value exist even if it is not needed at this time?"