The intrinsic value of cryptocurrencies is derived from factors such as:
Utility: What problems does cryptocurrency solve? Scarcity: Is the supply limited or inflationary? Network value: How large and active is the ecosystem? Security: How resilient is the blockchain against attacks?
For example, Bitcoin’s intrinsic value lies in its fixed supply (21 million coins), decentralized network and security powered by proof-of-work (PoW) mining.
This article is stating that there is an intrinsic value to cryptocurrencies, using the above criteria. I think we have had this debate before.