First things first, in your title you said "crypto newbies" and in the OP you talk about Bitcoin. Crypto in general is a scam, they use Bitcoin's reputation to create worthless coins with the sole purpose of dumping them to investors.
Bitcoin is the only innovation that keeps me a bit ahead of the Government.
Bitcoin is only a currency, it can't solve anything that is not related to money.
This is why I strongly believe that Bitcoin will forever keep it's value intact, do make sure that you at least have 50% of your fund in Bitcoin, whatever your crypto dream might be make sure Bitcoin has its place in your hardware wallet.
There's a good argument that Bitcoin will have
some value because it has utility and adoption, but there's unfortunately no good mathematical model for estimating this value. We have no idea if todays price is objective overpriced, underpriced or just right.