Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.
Rather, Bitcoin appears to have value for the following reasons: It is popular.
In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.
Considering it a digital commodity, Bitcoin got its value from the demand, trust and technology that it offers. Let us remember that without Bitcoin there is no Blockchain technology. It is the internet 2.0 or the new gold of new age and its more valuable than any kind of commodity nowadays.