So when it comes to Bitocin being valuable, scarcity is the biggest factor when it comes to value fluctuation. Bitcoin is the pioneer and made decentralized blockchains a real thing. Mining for bitcoins involves a great deal of energy and power , and can impose a major cost to miners. With volatility and technology driven society, bitcoin actually made blockchain based transactions a reality.

One of the more reasons why bitcoin is valuable is because it can’t be forged and changed.