The value of bitcoin they say is inherent in the cost of mining ..... etc but honestly economics as we know it is flawed .... why should it be backed by anything ? What gold ? For what purpose ? It’s just a precious material that is mined as is bitcoin ...... the United States dollar is worth nothing ..... and yet the world treats it as the base currency ,.... it’s all about geopolitical power and greedy banking cartels getting fatter ..... bitcoin is the Robin Hood of the modern era .....