True, but that isn’t contradictory. The point is value of both of these forms of currency are made up and imaginary. They’re valuable as long as someone is willing to purchase it.

The same is true for gold. People think it has intrinsic value, which is why it’s so easy to scam people with. The value is almost entirely based on people thinking it’s valuable though.

I don’t like crypto-currencies. It “not having value” isn’t the correct argument to use against it though. It’s a pretty stupid one. There are plenty of good arguments that should be used instead.