No intrinsic value
Hello!
When I saw James Lavish’s post about Christine Lagarde saying again that “Bitcoin has no intrinsic value,” I honestly had to smile. We have been hearing this same sentence for more than ten years now. Every time Bitcoin goes up or breaks another record, someone from the central banks repeats it again, as if saying it many times will make it true.
But this time something is different. Right after Lagarde’s comment, Germany’s biggest bank, Deutsche Bank, said: “We beg to differ.” That was a strong message. It’s like the traditional world is starting to realize that Bitcoin is not just a passing trend. Even the oldest institutions are now paying attention.
The irony is big. Lagarde leads the European Central Bank, the same one that keeps printing money and pushing negative interest rates for years. They say Bitcoin has no value, but the euro keeps losing value every single day. People can see that with their own eyes when they buy food, rent, or energy. So the question is what really has no intrinsic value??? VALUE IS SUBJECTIVE!
Bitcoin is not perfect, but it’s honest. It’s limited to 21 million, and no one can change that. It doesn’t need a president, a bank, or a government to exist. That’s what gives it power. It’s open, transparent, and available to everyone, not just the rich or well-connected.
Deutsche Bank saying they disagree with Lagarde is a big sign. They are one of the oldest and most traditional institutions in Europe, and if even they are starting to respect Bitcoin, you can imagine what comes next. Slowly, all the big financial players will follow.
Lagarde represents the past, the world of printed money and control. Bitcoin represents the future — the world of freedom and truth written in code. And no matter how many times she says it has no value, people will keep buying, using, and holding it. Because deep down, everyone knows what’s real.
Bitcoin doesn’t need Lagarde’s approval. The market already gave it value.
I hope you had a great day!
Posted Using INLEO