Absolutely, there is a nice in built feedback loop as well. Bitcoin increases in value which makes it more desirable, which drives miners to mine more, which i

Absolutely, there is a nice in built feedback loop as well. Bitcoin increases in value which makes it more desirable, which drives miners to mine more, which increases the security of the network ( harder to attack ). This drives the value of Bitcoin higher, repeat. Anyone can have a blockchain, having a secure blockchain is not so easy. Miners secure the network and their reward is Bitcoin.