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.
Bitcoin is also used as a traditional currency. In addition to bitcoin's marginal boundary, bitcoin is the world's first algorithmic currency, bringing many advantages and benefits to investors. Traditional currency - inflation, devaluation, tax hikes, transaction hiccups, etc. Along with the Blockchain system, the explosion of the 4.0 carrier, has created the value of bitcoin. Bitcoin is only growing and spreading vigorously in 2017 which has made many nations afraid, bitcoin fears will be bubbles.