Honestly it doesn't have any inherent value as it is backed by nothing but nonetheless it has the value people are willing to give it and that is quite big right now. Goes to show how much the world doesn't trust governments and I am no different I dislike governments for the most part. Sure they provide us with resources based off taxes but still they are so slow at changing policies and doing anything the citizens want. If you are in a communist state you surely agree and if you are in a "democracy" I think you would also agree but this is no true democracy. It is handful of people deciding what to do for you which I think is complete crap. If you want change put EVERYTHING up to a vote, if not you will get bitcoin revolution. Eat it governments, eat it all god damn day