You should try understanding words.
Paper money has intrinsic value because it is backed by the full faith and credit of the government that issues it. Stocks and bonds have intrinsic value because it 'owns' a portion of the income stream of the issuing companies.
Bitcoin is backed by ........
Tulips are at least pretty.
Bwahaha. You tell me to understand words and then you immediate show you do NOT understand words. Let me help you out:
http://www.dictionary.com/browse/intrinsic
belonging to a thing by its very nature
Paper money does NOT have intrinsic value. It is also NOT backed by the government in anyway. Paper money has value because WE DECIDE it does. We are willing to take it in exchange for goods and services, that is the ONLY value money has. You can’t eat, you can’t build with it, the only thing you can do with it is buy stuff, and even then ONLY if you find somebody willing to take it. Try out some Venezuelan money, nobody wants it, it’s worth nothing. Most of the world will take American money, people want it.
Stocks also have ZERO intrinsic value. Your ownership level with a stock is minimal at best, and many stocks don’t even include voting stakes. And the only portion of their income stream you get is IF the company is profitable AND they decide to pay dividends, which they are under no obligation to do and many profitable companies don’t. Just like money stocks only have the value we ASSIGN them.
Bitcoins are backed by the EXACT SAME THING money and stock are backed by: people’s willingness to take them.
The only real problem tulips had as money is that any idiot could grow them and they would die. Money that can be grown lacks certain security people tend to like, money that can die has a different kind of security problem.