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.