BlackRock and Fidelity executives are discussing whether fiat currencies have 'no intrinsic value.' When talking about BITCOIN, they unanimously agreed that it is the first asset in thousands of years to gain widespread global recognition. The discussion mainly covered the following points: Reevaluating 'intrinsic value': Whether it's fiat currencies like the US dollar or euro, or even gold, they actually lack pure 'intrinsic value.' Technology and historical significance: Bitcoin's value isn't created out of thin air; it's the most outstanding asset in the wave of blockchain technology. At the same time, it’s the first reasonable alternative to currency in thousands of years (since gold and silver) to achieve widespread global adoption. Scarcity of non-governmental currencies: In the realm of currencies independent of government issuance, Bitcoin, like gold, holds an extremely important position. Practical supporting factors: Bitcoin's long-term value is supported by various real-world conditions, including strong network effects, concentrated talent (intelligence), market liquidity, and global adoption.