What is the value of Bitcoin?
There are lots of people believe in the value of bitcoin, so do I. I believe bitcoin has long-term value, but what's the intrinsic value of bitcoin? There are some "bitcoin enthusiast" blindly believe in bitcoin without any valuable points, for example, they keep saying bitcoin will worth $1M or even $1B in the further, mainly based on the following reasons:
digital gold: bitcoin has fixed 21M supply, so it is the best way to fight inflation.
blockchain revolution: blockchain is an emerging technology, so bitcoin price will benefit from the development of blockchain technology.
I believe the value of bitcoin, but I don't agree with those guys, many of them are just gamblers and their "investment strategy" is "buy and pray". From my point of view, those features are not the intrinsic value of bitcoin.
fixed supply does not means value: fixed supply is a good feature but a crypto cannot generate value just because its supply is fixed.
blockchain is not equal to bitcoin: Bitcoin is the first cryptocurrency and also the first application of blockchain technology, with the development of blockchain technology, more and more people get to known about bitcoin (of course, many people know blockchain through bitcoin), thus, bitcoin do have a unique place in the blockchain world. But please remember, bitcoin is closely related to blockchain, but blockchain is not all about bitcoin
Blockchain is an revolutionary technology, so as the token economies. But we should not blindly bullish bitcoin, rather, we should make our own analysis and have our own investment strategy.