I like here"We've heard people call Bitcoin a scam because it's not backed by anything, but economists Aleksander Berentsen and Fabian Schär stated in a recent FED Review that whilst Bitcoin units may have no intrinsic value, “State monopoly currencies, such as the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either.” They also stated that compared to many national fiat currencies Bitcoin is more robust and that over time Bitcoin could function as a hedge asset akin to gold."