Intrinsic values of cryptocurrencies - bitcoin compared to steem

The intrinsic values of steem, which continue to grow steadily through active life within the steemitcommunity, I have discussed in my
blog.

My next cautious assessment:
Bitcoin

In this classic cryptocurrency, the intrinsic value settles due to

• of the pioneer status,
• from the ever-increasing acceptance and
• from the limitation on 21 million pieces
• the fact that most tokens can only be traded with a detour via Bitcoin also contributes to the price strength with the forced use.

At full capacity, the Bitcoin network can reportedly handle about 350,000 transactions per day worldwide.

Therefore, Bitcoin is not suitable as a substitute to FIAT payment currencies within the traditional financial system. While fiat money has lost one of its original functions - its use as a store of value - it is still used as a medium for transfers. In the FIAT currency system, 75 million transactions are carried out in euros every day, in Germany alone.

In the meantime, a variety of revenue-generating services and creative business models exist around Bitcoin. The token itself is nevertheless rather without content - in contrast to steemit.

The IPO of Coinbase was, around the days of the listing, used as a reason for the recent price increase. This catapulted the bitcoin price to a new all-time high. These price highs were short-lived when viewed from the current perspective. The previous massive price increase occurred in the haze of the announcement that Tesla has invested in Bitcoin. According to statements, the car manufacturer intends to accept payment for vehicles in Bitcoin in the future. Details are not yet specified, but it is reasonable to assume that the price list will not be published in fixed bitcoin prices. This would give the cryptocurrency the autonomy it lacks. Pricing will likely be in the respective country FIAT currency. The vehicle price in bitcoin will constantly change in parallel with the exchange bitcoin price.