Bitcoin's inherent value comes from the technology.
That is, I'm afraid, completely wrong. The technology is open source and so can be used by anyone to set-up their own blockchain.
Bitcoin's value is mostly from it's brand, the fact that most people have heard of it.
(There is a little bit of value from it being a means of exchange, but that value has almost been destroyed by its recent volatility - the number one requirement for a means of exchange is that it be reasonably stable. That underlying value will return once the speculators have been burnt and left.)
I was not referring to fiat valuation. I was referring to value as in potential.
Bitcoin's fiat value does indeed come from the brand. But its value to the system is that it acts as a gateway and is, what I consider, the first prophet of true decentralization. It needs improvement. Bitcoin, as a brand might as well die one day. But having got us to a point where we no longer need it for the advancement of this goal, I say it deserves respect and recognition.