It is a simple yet not easy question to answer:
why does bitcoin have value?
The answer, we believe is summarized in this video: https://www.youtube.com/watch?v=Vv2-6KDlZSEBitcoin has value because it has
both scarcity and utility. It is a limited and useful resource. It is limited to the software-imposed hard limit of 21,000,000 bitcoin units ever in circulation. It is useful because it allows payment information to be securely by a decentralized computing network backed by magnitudes of raw hashing power. Each transaction must compete (fee market) to be included in the next block of transactions which has a limited [block space] due to the block size limit (2MB) imposed on each ~10 minute block.
We can expect both the value to increase and the number of users to increase exponentially so long as the current technology maintains itself and remains both useful and in a limited abundance.
Learn more about bitcoin at
http://diginomics.comI think it has a value because people understand it, we can see how the engine was made and since it is a fair deal for all then people decide it has a value. The value is variable because is based on a market, but what we know is the value will never be zero.