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.
The value of Bitcoin is through the acceptance of people who are enthusiastic in cryptocurrency. Though Bitcoin is not widely used as legal tender but it is used as render in online shops. Its value grows everyday which is why people patronized it as an evolution of money.