What is the intrinsic value of cryptocurrencies? They work purely on demand and supply. Given its volatility, isn't it an extremely unsafe class of financial assets, and open to manipulation?

Blockchain
#1

Cryptocurrencies as technology have intrinsic utility. People also buy them to use as monetary assets, and their value is determined by supply and demand. This is comparable to purchasing land; you may either utilize it (for example, to build a house) or invest in it. People are also investing in cryptocurrency. Cryptocurrency developers utilize these investments to support the future development of their products. Given this technology’s enormous potential, investments here will pay off handsomely. Companies such as Tesla are taking note of this and putting their treasury reserves in bitcoin.

Cryptocurrencies as technology have intrinsic utility. People also buy them to use as monetary assets, and their value is determined by supply and demand. This is comparable to purchasing land; you may either utilize it (for example, to build a house) or invest in it. People are also investing in cryptocurrencies. Cryptocurrency developers utilize these investments to support the future development of their products. Given this technology’s enormous potential, investments here will pay off handsomely. Companies such as Tesla are taking note of this and putting their treasury reserves in bitcoin.