Bitcoin holds significant value for several reasons. It functions as a store of value and a unit of exchange, with attributes such as scarcity, divisibility, acceptability, portability, durability, and uniformity that are essential in an economy. Its value is primarily driven by its limited supply, capped at 21 million coins, and increasing demand, especially from investors seeking potential returns. Additionally, Bitcoin’s global acceptance and use as a medium of exchange for goods and services contribute to its worth.
