--- title: "Meaning & Key Takeaway of: It's a bubble. It has to have intrinsic…" description: "\"It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't b..." image: "https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png" --- # It's a bubble. It has to have intrinsic value. You have to… ![“It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.” quote by Alan Greenspan](https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png) [Download](https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png) [Open image](https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png) > “It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.” [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Bitcoin’s value is hard to define; it requires imaginative reasoning about intrinsic worth, which remains elusive for many. **In simple terms:** Bitcoin’s intrinsic value is unclear and hard to grasp. Key Takeaway Seek deeper understanding of digital assets. Themes finance technology valuation cryptocurrency Mood analytical skeptical Type financial philosophical When to use this quote - investment decisions - financial education - risk assessment Key Concepts intrinsic value speculation economic theory Questions to Reflect On - What criteria could define intrinsic value? - Can imagination replace empirical analysis? A Different Perspective Valuing novel assets can be speculative and uncertain. ★ ★ ★ ★ ★ No ratings yet [Able](https://sms4smile.com/quotes/about/able/) [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Bitcoin Haven](https://sms4smile.com/quotes/about/bitcoin-haven-957616/) [Bubble Intrinsic](https://sms4smile.com/quotes/about/bubble-intrinsic-957617/) [Bubbles](https://sms4smile.com/quotes/about/bubbles/) [Currency](https://sms4smile.com/quotes/about/currency/) [Havens](https://sms4smile.com/quotes/about/havens/) [Imagination](https://sms4smile.com/quotes/about/imagination/) [Intrinsic value](https://sms4smile.com/quotes/about/intrinsic-value/) [Value Bitcoin](https://sms4smile.com/quotes/about/value-bitcoin-957615/) [Value Really](https://sms4smile.com/quotes/about/value-really-242844/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe…](https://sms4smile.com/quotes/alan-greenspan/you-have-to-really-stretch-your-imagination-to-infer-what-the/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out…](https://sms4smile.com/quotes/erik-voorhees/the-value-of-bitcoin-is-astronomical-but-the-price-goes-all-over-the/) [Erik Voorhees](https://sms4smile.com/quotes/author/erik-voorhees/) > [I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything…](https://sms4smile.com/quotes/alan-greenspan/i-do-not-understand-where-the-backing-of-bitcoin-is-coming-from-there/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [I grew up with that farm-to-table dining before it was sweeping the nation. I do think there's some value to really throwing yourself into…](https://sms4smile.com/quotes/meghan-markle/i-grew-up-with-that-farm-to-table-dining-before-it-was-sweeping-the/) [Meghan Markle](https://sms4smile.com/quotes/author/meghan-markle/) > [I do think there's some value to really throwing yourself into food and embracing where it comes from.](https://sms4smile.com/quotes/meghan-markle/i-do-think-there-s-some-value-to-really-throwing-yourself-into-food/) [Meghan Markle](https://sms4smile.com/quotes/author/meghan-markle/) > [My audience, my public, they have their value. They are really important to me.](https://sms4smile.com/quotes/anitta/my-audience-my-public-they-have-their-value-they-are-really-important/) [Anitta](https://sms4smile.com/quotes/author/anitta/) > [Real value means people value-and creating value really means helping people choose better lives.](https://sms4smile.com/quotes/oliver-demille/real-value-means-people-value-and-creating-value-really-means-helping/) [Oliver DeMille](https://sms4smile.com/quotes/author/oliver-demille/) > [Being well-mannered and gracious and kind are things that I value really highly.](https://sms4smile.com/quotes/vanessa-veselka/being-well-mannered-and-gracious-and-kind-are-things-that-i-value/) [Vanessa Veselka](https://sms4smile.com/quotes/author/vanessa-veselka/) > [The value that really counts is that which is shown on the pitch, not what theyBsay your value is. Money is secondary. being so…](https://sms4smile.com/quotes/david-de-gea/the-value-that-really-counts-is-that-which-is-shown-on-the-pitch-not/) [David de Gea](https://sms4smile.com/quotes/author/david-de-gea/) > [Can someone's true value really be estimated? Maybe there needs to be an Edmunds.com for people on TV. That would be funny and possibly…](https://sms4smile.com/quotes/derek-hough/can-someone-s-true-value-really-be-estimated-maybe-there-needs-to-be/) [Derek Hough](https://sms4smile.com/quotes/author/derek-hough/) > [I'm so happy that I was given a value to someone that I really valued.](https://sms4smile.com/quotes/mitch-alapan/i-m-so-happy-that-i-was-given-a-value-to-someone-that-i-really-valued/) [Mitch Alapan](https://sms4smile.com/quotes/author/mitch-alapan/) > [Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in…](https://sms4smile.com/quotes/alan-greenspan/bitcoin-is-really-a-fascinating-example-of-how-human-beings-create/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Failure doesn't have anything to do with your intrinsic value as a person.](https://sms4smile.com/quotes/albert-ellis/failure-doesn-t-have-anything-to-do-with-your-intrinsic-value-as-a/) [Albert Ellis](https://sms4smile.com/quotes/author/albert-ellis/) > [It were good to know how much hay an acre of every sort will bear; how many cattle the same weight of each sort…](https://sms4smile.com/quotes/william-petty/it-were-good-to-know-how-much-hay-an-acre-of-every-sort-will-bear-how/) [William Petty](https://sms4smile.com/quotes/author/william-petty/) > [Music has an intrinsic value that touches Americans - they love their music, and want more.](https://sms4smile.com/quotes/hilary-rosen/music-has-an-intrinsic-value-that-touches-americans-they-love-their/) [Hilary Rosen](https://sms4smile.com/quotes/author/hilary-rosen/) ## More by Alan Greenspan > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock,…](https://sms4smile.com/quotes/alan-greenspan/at-the-risk-of-some-oversimplification-if-the-skill-composition-of/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal…](https://sms4smile.com/quotes/alan-greenspan/to-succeed-you-will-soon-learn-as-i-did-the-importance-of-a-solid/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.](https://sms4smile.com/quotes/alan-greenspan/i-ve-always-argued-that-this-country-has-benefited-immensely-from-the/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It…](https://sms4smile.com/quotes/alan-greenspan/i-cannot-conceive-of-a-politically-feasible-solution-to-this-problem/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove…](https://sms4smile.com/quotes/alan-greenspan/before-i-met-ayn-rand-i-was-a-logical-positivist-and-accordingly-i/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [ Skilled shortages in America exist because we are shielding our skilled labor force from world competition. \[Visa quotas\] have been substituted for the wage… ](https://sms4smile.com/quotes/alan-greenspan/skilled-shortages-in-america-exist-because-we-are-shielding-our/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority…](https://sms4smile.com/quotes/alan-greenspan/a-decline-in-the-national-housing-price-level-would-need-to-be/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the…](https://sms4smile.com/quotes/alan-greenspan/although-the-outlook-is-clouded-by-a-number-of-uncertainties-the/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in…](https://sms4smile.com/quotes/alan-greenspan/at-the-outset-of-the-creation-of-the-euro-in-1999-it-was-expected/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy…](https://sms4smile.com/quotes/alan-greenspan/we-may-be-in-a-rapidly-evolving-international-financial-system-with/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The guiding purpose of the government regulator is to prevent rather than to create something.](https://sms4smile.com/quotes/alan-greenspan/the-guiding-purpose-of-the-government-regulator-is-to-prevent-rather/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [“government regulation cannot substitute for individual integrity.”](https://sms4smile.com/quotes/alan-greenspan/government-regulation-cannot-substitute-for-individual-integrity/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do…](https://sms4smile.com/quotes/alan-greenspan/our-market-system-depends-critically-on-trust-trust-in-the-word-of/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged…](https://sms4smile.com/quotes/alan-greenspan/it-s-hard-to-overemphasize-how-important-ford-s-deregulation-was-true/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Explore all 204 Alan Greenspan quotes ](https://sms4smile.com/quotes/author/alan-greenspan/) ## More Able quotes > [I am certain that children always know more than they are able to tell, and that makes the big difference between them and adults,…](https://sms4smile.com/quotes/jacques-lusseyran/i-am-certain-that-children-always-know-more-than-they-are-able-to/) [Jacques Lusseyran](https://sms4smile.com/quotes/author/jacques-lusseyran/) > [I have observed this in my experience of slavery, - that whenever my condition was improved, instead of its increasing my contentment, it only…](https://sms4smile.com/quotes/frederick-douglass/i-have-observed-this-in-my-experience-of-slavery-that-whenever-my/) [Frederick Douglass](https://sms4smile.com/quotes/author/frederick-douglass/) > [There is something about the South that accepts the supernatural. If you don't accept it and you're having a conversation with someone who does,…](https://sms4smile.com/quotes/alice-englert/there-is-something-about-the-south-that-accepts-the-supernatural-if/) [Alice Englert](https://sms4smile.com/quotes/author/alice-englert/) > [In the '80s, the way radio was programmed, if you didn't have a hit record you weren't going to be able to make any…](https://sms4smile.com/quotes/huey-lewis/in-the-80s-the-way-radio-was-programmed-if-you-didn-t-have-a-hit/) [Huey Lewis](https://sms4smile.com/quotes/author/huey-lewis/) > [I think I've had the longest career of strength, focus, and still being able to sell records. I think I'm that guy. I'm still…](https://sms4smile.com/quotes/nas/i-think-i-ve-had-the-longest-career-of-strength-focus-and-still-being/) [Nas](https://sms4smile.com/quotes/author/nas/) > [I have that need in me, I want everyone to love me, but I'm embarrassed by that need, so I wanted to cover it…](https://sms4smile.com/quotes/anthony-jeselnik/i-have-that-need-in-me-i-want-everyone-to-love-me-but-i-m-embarrassed/) [Anthony Jeselnik](https://sms4smile.com/quotes/author/anthony-jeselnik/) > [Thinking about the things that happened, I don't know any other ball player would could have done what he (Jackie Robinson) did. To be…](https://sms4smile.com/quotes/pee-wee-reese/thinking-about-the-things-that-happened-i-don-t-know-any-other-ball/) [Pee Wee Reese](https://sms4smile.com/quotes/author/pee-wee-reese/) > [I wanted to remember in order to be able to return.](https://sms4smile.com/quotes/anais-nin/i-wanted-to-remember-in-order-to-be-able-to-return/) [Anais Nin](https://sms4smile.com/quotes/author/anais-nin/) > [Government schools, with your tax money, now discourage the teaching of multiplication tables by rote memorization but teach reading by the 'look-and-say' method which…](https://sms4smile.com/quotes/greg-perry/government-schools-with-your-tax-money-now-discourage-the-teaching-of/) [Greg Perry](https://sms4smile.com/quotes/author/greg-perry/) > [I don't know if I would qualify as mainstream. I think I have managed to function pretty successfully on the fringes of the music…](https://sms4smile.com/quotes/pat-metheny/i-don-t-know-if-i-would-qualify-as-mainstream-i-think-i-have-managed/) [Pat Metheny](https://sms4smile.com/quotes/author/pat-metheny/) > [What we're supposed to do as actors is be able to portray real human beings and emotions. And if you grow up in this…](https://sms4smile.com/quotes/emily-browning/what-we-re-supposed-to-do-as-actors-is-be-able-to-portray-real-human/) [Emily Browning](https://sms4smile.com/quotes/author/emily-browning/) > [The reason that Apple is able to create products like iPad is because we always try to be at the intersection of technology and…](https://sms4smile.com/quotes/steve-jobs/the-reason-that-apple-is-able-to-create-products-like-ipad-is-because/) [Steve Jobs](https://sms4smile.com/quotes/author/steve-jobs/) > [It was an important period for us, because even though we weren't a "punk band", and what became a model for a punk band,…](https://sms4smile.com/quotes/stephen-mallinder/it-was-an-important-period-for-us-because-even-though-we-weren-t-a/) [Stephen Mallinder](https://sms4smile.com/quotes/author/stephen-mallinder/) > [- You look fine. - Right. I look fine. Except I don't, said Zora, tugging sadly at her man's nightshirt. This was why Kiki…](https://sms4smile.com/quotes/zadie-smith/you-look-fine-right-i-look-fine-except-i-don-t-said-zora-tugging/) [Zadie Smith](https://sms4smile.com/quotes/author/zadie-smith/) > [There is a way to be a woman, ask for what we deserve and be able to negotiate.](https://sms4smile.com/quotes/tracee-ellis-ross/there-is-a-way-to-be-a-woman-ask-for-what-we-deserve-and-be-able-to/) [Tracee Ellis Ross](https://sms4smile.com/quotes/author/tracee-ellis-ross/) [Browse all 17,257 Able quotes ](https://sms4smile.com/quotes/about/able/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/alan-greenspan/it-s-a-bubble-it-has-to-have-intrinsic-value-you-have-to-really/", "about": { "@type": "Thing", "name": "Able" }, "@id": "https://sms4smile.com/quotes/alan-greenspan/it-s-a-bubble-it-has-to-have-intrinsic-value-you-have-to-really/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png", "contentUrl": "https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png", "url": "https://sms4smile.com/quotes/i/84c/alan-greenspan-1834_able_it-s-a-bubble-it-has-to-have-intrinsic-v_2490167.png", "width": 1080, "height": 1080, "caption": "“It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Alan Greenspan", "item": "https://sms4smile.com/quotes/author/alan-greenspan/" }, { "@type": "ListItem", "position": 4, "name": "It's a bubble. It has to...", "item": "https://sms4smile.com/quotes/alan-greenspan/it-s-a-bubble-it-has-to-have-intrinsic-value-you-have-to-really/" } ], "@id": "https://sms4smile.com/quotes/alan-greenspan/it-s-a-bubble-it-has-to-have-intrinsic-value-you-have-to-really/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```