Intrinsic value? Fundamentals? Utility? Do these terms make any sense in relation to Bitcoin?

In a recent Bitcoin article I read that one Chris Cook, a senior fellow at UCL’s Institute for Security and Resilience Studies is claimed to have stated[1]: " Since it has zero utility (use value over time), the intrinsic value of bitcoin is zero."

What does this sentence mean?

From Wikipedia: "In finance, intrinsic value refers to the actual value of a company or stock determined through fundamental analysis without reference to its market value. It is also frequently called fundamental value. It is ordinarily calculated by summing the future income generated by the asset, and discounting it to the present value."

Hmm. How about utility? Wikipedia again: "In economics, utility is a representation of preferences over some set of goods and services."

And fundamental analysis? "Fundamental analysis of a business involves analyzing its financial statements and health, its management and competitive advantages, and its competitors and markets."

But Bitcoin is not a business, aiming to increase shareholder value through gaining competitive advantages over its competitors and markets. The jargon in all these statements applies to the economics of businesses.

Try looking at it this way:

 "Since it has zero utility (use value over time), the intrinsic value of language is zero."
 "Since it has zero utility (use value over time), the intrinsic value of music is zero."
 "Since it has zero utility (use value over time), the intrinsic value of algebra is zero."

Those sentences make no sense either? But does anyone really think that words, music, or mathematics have no value? Bitcoins aren't businesses. They're like the http web protocol, or asymmetric key cryptography - a tool. They just happen to be a tool with a clear dollar price attached to them.

And now imagine that only 21 million people in the whole world were able to use words, or write down chords and notes, or were able to solve quadratic equations (actually, that last one might be true). With such scarcity, the value of language, music and algebra would be astronomically higher. Possibly as high as $5,000 or $50,000 dollars per word/note/equation even.

[1] I can only find two references on the web that he actually said this, so perhaps he didn't.