The regression theorem says: for a commodity to become money, i.e. a good people value for mere prospect of later exchange without consumption, in other words, for its exchange-value, it has to have market price first based on the subjective valuation of people using it for consumption, in other words, it has to have use-value before exchange-value.
Since value is subjective one cannot categorize consumption or use-value as acceptable and unacceptable or admissible and inadmissible. Using a thing as a collectible is a consumption. There is no difference between people using a gold necklace for decorative purposes and people using bitcoin initially as a collectible and technology with great potential.
In essence, there is no difference between ‘the intrinsic value fud’ some gold bugs promote and ‘the energy usage fud’ state-paid environmentalists promote.
Bitcoin Maston Instance