Value of Bitcoin

Serious talk. I’ve been browsing the crypto subs for a while hearing more arguments against the intrinsic value/use cases of bitcoin. I’m making this post to ask the community about what they believe gives bitcoin its actual value.

As someone who’s collected and profited from crypto over the years, I only use it to deal with crypto only vendors or clients. Legal services, not drugs. But I understand how critical crypto is the illicit goods market. This I find to be a genuine concern with mainstream adoption, and much of the criticism related to this seems accurate to me. I have always assumed as long as the illicit goods market exists, crypto will exist alongside with it.

I see many posts speculating on why the price of bitcoin rose this past month and the conclusion I see drawn most often is “Nobody knows shit about fuck” when it comes to determining why the value of a bitcoin increases. Can anyone explain what we are actually investing in that’s creating this value? Or is it really just market speculation?

Anyways, here’s some crypto perks I have collected so far from pro-crypto enthusiasts:

• Be your own bank/DEFI

• Pseudonymity

• Transparency/Reliability

• Fast (usually) worldwide payments

Don’t get me wrong, the above are interesting perks to crypto, but convincing the average person to switch to or invest in crypto off these alone would probably be difficult. So please add more to that list in the comments below I am curious to learn exactly what adds value to our coins.