It is a simple yet not easy question to answer: why does bitcoin have value?

Bitcoin has value because it has both scarcity and utility. It is a limited and useful resource. It is important to note that something must be BOTH in order to command a market value, NOT either.

Bitcoin 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 secured by a decentralized computing network backed by magnitudes of raw hashing power. That raw hashing power is energy (electricity) converted into digital utility. 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.

Bitcoin will always retain market value so long as miner nodes are actively contributing their hashing power to secure the network (proof of work).

Courses:

• How To Fork Bitcoin [Tutorial]
• Ethereum Programming Course [Certification]
• Bitcoin Aptitude Test [Timed Examination]

Literature:

• The Bitcoin Revolution: An Internet Of Money
• Ethereum: The World Computer

Research Articles:
Why The Internet Of Things Will Be Built On Bitcoin
Blockchain Is The New Corporation
Money Is Now An Image
How The Ethereum Virtual Machine Could Run The World
Africa May Leapfrog Traditional Banking
Did John Nash Help Invent Bitcoin?
Bitcoin May Solve Triffin Dilemma
Bitcoin Introduces Digital Scarcity

Bitcoin 101:
Advantages & Disadvantages Of Bitcoin
How To Store Bitcoin Securely
Who Is Satoshi Nakamoto?
Don’t Let Anyone Tell You The Identity Of Satoshi Nakamoto Doesn’t Matter
Bitcoin Is Backed By Time Itself

Cashless Society:
Is Total Cashlessness Inevitable?
The Growing E-Dollar Culture
E-Banking Squeezing Out Personal Banking

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