What gives Bitcoin value?

WHAT GIVES BITCOIN VALUE?

Bitcoins built-in limit of 21 million coins makes it SCARCE, which gives it demand as a collectible.



That DEMAND gives it value, which then allows it to be traded as money.



As more people join the network, it becomes secured by a growing amount of FAITH.



Like gold, BELIEF that Bitcoin will be valuable in the future inflates its value in the present.



With a growing network present, the inherent utility of Bitcoin becomes viable.



Rapid transaction speeds, low fees, and decentralized ownership then add usefulness to Bitcoins value.





