[Spooky23]

That's the printing/minting cost of conventional currency.

To have "inherent" or "intrinsic" value means that the actual material has marketable value. For a US dollar coin, if you melted it down, the copper, maganese, nickel and zinc is worth about $0.06. The value of the paper of a US dollar is a fraction of a penny for recycling purposes.

A bitcoin is more like paper currency -- it has no intrinsic value. But because of the predetermined control of new coin production, it will display characteristics similar to silver or gold coinage.

Those characteristics include something that nobody talks about -- the "discovery" of new coins. There are likely large dark pools of bitcoin that the initial adopters generated very cheaply. Dumping those pools on the market will have similar effects that gold rushes had.