How much "intrinsic value" does gold have and how much "the greater fool/scarcity" value does it have? Of the $4,080 spot price for gold, maybe a few hundred dollars could fairly be attributed to the industrial, cosmetic or medicinal "intrinsic value". The vast majority of that $4,080 price is attributable to the exact same thing that the $86k bitcoin price is attributable to -- that someone else thinks the scarce asset is worth that price.
The fact that bitcoin has no value separate and apart from demand does not really seem significant to me when so many assets are primarily valued based on what other people are willing to pay for them (as opposed to discounted cash flow of present value of future income).