The perceived value of the asset has nothing to do with whether something is a ponzi scheme or not. You should read the definition. I'll answer your question a

The perceived value of the asset has nothing to do with whether something is a ponzi scheme or not. You should read the definition. I'll answer your question anyways of what gives Bitcoin value. It's value comes from being a digital store of value. Before bitcoin there was none. You had a bank account which was a proxy for physical cash. There was no way to hold the cash personally, digitally, and send it anywhere you want. Before Bitcoin the best analog was gold - hard to create more of versus fiat which is incredible easy to dilute which is why you would want to diversify out of it. Gold though is slow to send, hard to verify, etc... Bitcoin basically has the properties of gold in electronic form - hard to create, easy to send, easy to verify, hundreds of thousands of dollars worth can be held securely in your hand. THAT is what makes Bitcoin valuable. Show me an alternative store of value with those properties.