I also think investing in gold compared to let's say stocks is a sort of ponzi scheme in the sense of OPs article. So no price point. Until bitcoin intrinsically generates value I'm not putting money in it.
I understand your concern over the lack of "intrinsic value" in the sense that it is not a productive asset generating economic value (like a business). That said, I'd really encourage you to consider that monetary value is real. I don't necessarily recommend investing in it, but there's a reason humans have valued gold for so long.
And literal cash doesn't rely upon internet connectivity to a massive global network of millions of computers in order to transfer a store of value to the dude standing next to me. As methods of payments go, it's possibly the greatest Rube Goldberg machine ever conceived.
