Gold has intrinsic and marketable value as a commodity, how does Bitcoin get valued?
Bitcoin’s valuation is influenced by a combination of market demand, limited supply, production costs, media coverage, regulatory environment, economic factors, and technological advancements.
Scarcity and demand, like gold. Except you can always find new gold desposits. Inevitably the price will collapse when we find massive deposits on asteroids. But there will never be more than 21 million Bitcoins.
Value is purely by speculators and manipulators until their next cash out