In my opinion precious metals have an intrinsic value:1. They...

In my opinion precious metals have an intrinsic value:

1. They have been a monetary instrument and storage of wealth for millennia.
2. They are rare commodities used in industrial applications.
3. They have an aesthetic value often used in jewellery.

Fiat currency is backed by a nation's productive capacity and GDP, yet Bitcoin is backed by nothing.

Bitcoin has no utility that I can see.