As I see it, Bitcoin is the product of value aggregation. Bitcoin mining follows the law of conservation of energy, converting the wind, water, and solar energy into electricity, and then into hashing power by mining machine and finally Bitcoin will be dug out.
That is a process of storing the energy of nature in the form of Bitcoin. The stored Bitcoin is value. Bitcoin built a value network where value is exchanged and transferred in the form of Bitcoin.
This is wrong how does Bitcoin follow the law of conservation of energy? The energy that is used to mine Bitcoin is burned. Proof Of Work means that you are solving complex problems in able to get the reward. To get that reward you are putting in a lot of energy (hashrate) and then once you have solved that problem and got the reward (block reward/fees) that energy then is not converted to anything else but is lost.