BITCOIN HAS NO REAL VALUE

"Bitcoin's value is driven by its enforceable scarcity"

~ Fidelity Digital Assets

Rarity is the value. All money over all time has been valued because it had some measure of scarcity.

In addition, it was backed by the belief that it would hold its value, such that it could be traded in the future for something else of value.

As the Bitcoin network grows, backed by the superior monetary properties it embodies, the network effect grows exponentially.

The larger the network effect, the more value it, as a scarce asset, offers. Value is a reflection of demand, and as demand increases, value increases.