WHAT GIVES BITCOIN VALUE?
Bitcoins built-in limit of 21 million coins makes it SCARCE,
gives it demand as a collectible.
That DEMAND gives it value, which then allows it to be traded
As more people join the network, it becomes secured by a growing amount
Like gold, BELIEF that Bitcoin will be valuable in the future
its value in the present.
With a growing network present, the inherent utility of Bitcoin becomes
Rapid transaction speeds, low fees, and decentralized ownership then
add usefulness to Bitcoins value.