Dear Lara,

Thank you for taking the time to read my work and for sharing your thoughts on the matter.

As you rightly point out, both fiat currencies and cryptocurrencies have no intrinsic value insofar as they cannot be used in the sense that gold can be (as an electrical conductor), but I would argue conversely that their use as a medium of exchange, a store of value and the safe carriage of one, their value is immense.

Value is, as you will no doubt have noted, an intrinsically subjective measure.

And given that works of art, classic cars and a wide variety of assets can hold different and subjective values for the individual, I would humbly suggest that it is perhaps too early to write off both cryptocurrencies and fiat currencies.

Thank you for your thoughts on the subject.

Yours,

Patrick