it is also the usage of bitcoin that makes it more valuable. Satoshi created a decentralized payment system for anyone to use without any problems or restrictions. and as bitcoin gets closer to being a real currency instead of just being for speculation, the price of it grows and that makes it more valuable.
that is why i am very excited about Lightning Network because it helps with the currency aspect of bitcoin with fast transactions and low fees. hopefully we can get cheap on chain transactions back so that LN can work better.
For me bitcoin is the most valuable among the rest of the crypto because it is the first cryptocurrency was made in this world and it is the best currency now and I believe in the near future the price of it will be very high.