It provides value though. It's a great medium to store value. Throughout history there have been stores of value which had little intrinsic value except their

It provides value though. It's a great medium to store value. Throughout history there have been stores of value which had little intrinsic value except their scarcity and tradeability - rai stones, certain sea shells, (...). Just like Bitcoin. Gold is just another of those. It has some industrial value, but it's current value FAR surpasses the value that comes from there. Most of gold's current price/market cap comes from being a good store of value. Now you have Bitcoin which has exactly the same characteristics as every other store of value humanity has ever used, but two more that we never had before: 1- it's immaterial. This can be seen as good or bad. But the fact that it's immaterial means you can trade it with anyone in the world, at lightning fast speed (with layer 2 at least), you don't carry weights if you want to "carry" it with you, and you can split into millions of pieces. 2- it's scarcity is hardcoded. Every single store of value that stopped being one, at some point stopped being scarce. And thus lost it its ability to store value. Caravel sailors used their huge ships to transport the heavy Rai stones much more easily than by the previous method the tribes that used it (by hand through a laborious process) and were able to transport dozens of them at a time. Sea shells either had to be found, and those they used were rare, or in other places they had to be minted in a special way to make them "worthy". Kind of proof of work. Suffice to say, explorers started using nets to get hundreds of them from high depths and immediately they lost their value. Now we can only have 21M BTC and that's it. There's no way around it, for now at least.