Why does Bitcoin have value

Bitcoin has a unique set of features that are not found in any other form of money. Arguably the defining feature of Bitcoin differentiating it from other forms of currency is its mathematical scarcity and full decentralisation.

Unlike traditional fiat currencies with an unlimited supply that is adjusted at the whim of central banks and Governments. Bitcoin is the only asset in the universe that has a fixed, limited supply which can not be altered. This makes Bitcoin an ideal hedge against inflation & devaluation because its scarcity makes it deflationary.

Bitcoin’s creator(s) Satoshi Nakamoto intentionally limited the lifetime supply of Bitcoin to 21 million coins through the algorithm built into the Bitcoin network.

This group of anonymous coders under the name Satoshi Nakamoto made the Bitcoin protocol open-source and handed it over to distributed networks (hundred of thousands) around the world. This is what makes Bitcoin fully and truly decentralised adding to its core value proposition.

There is no CEO, no hierarchy, no marketing department, no owner or central authority or any institution that can manipulate its supply. Bitcoin is incorruptible in a corrupt world, and a deflationary asset in a financial system that is inflationary by design.

And we can't end without talking about Bitcoin main value proposition which is financial sovereignty and freedom. In an ever increasing mass-surveillance system, Bitcoin is freedom money and hope in a world of surveillance states and censorship.

To further illustrate why Bitcoin core value proposition, think of China where your ability to make a payment is based on the Government approving you through a scoring system, that is money being used as a form of control. Governments have used money as a form of punishment like in Canada, where truck drivers bank accounts were frozen for protesting against mandatory Covid vaccines. In Iran your bank account can be frozen for being an opposition supporter or not wearing a hijab, or protesting your civil rights in Kenya or Nigeria. The financial system is often weaponised by Governments and institutions but Bitcoin is censorship-resistant and permissionless.

Bitcoin is a monetary asset that is free, fair and unbiased by design. No authority, institution or Government can control Bitcoin and this is a priceless feature when you think of it deeply.