We can argue that what is giving value to Bitcoin isn't only its properties as a scarce p2p e-cash system.
The network is actually extremely valuable by itself, as an immutable time-dependent database.
"Imagine SQL under firewall operating as a new kind of internet."
A network applied to transact instantly with anyone, anywhere and without middlemen.
Then the question coming next is the one of the chicken and egg:
Is it Scarcity --> Network --> Price ?
Or Scarcity --> Price --> Network ?
Security, immutability, scarcity, actual ownership, and p2p transactions are some of the features of Bitcoin.
The most important of all is decentralization and the effect of financial freedom it brought to the world.
hatshepsut93 explained the value of decentralization.
Somehow a few people mistake financial freedom with making a lot of fiat from their investment. I have seen that even from a big exchange leader.
What financial freedom means is to be able to do whatever you want with your money. To send them to absolutely anybody, no matter where he lives, no matter who he is and what he did, not wondering if the network will have a black list file, or a hundred rejection codes to give you.
Now if Saylor that traded Bitcoin in 2013, comes after seven years to say decentralization shouldn't be discussed because the big money doesn't like it, then I don't like the big money.
For me Decentralization is Bitcoin.