Why does Bitcoin have value

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Why does Bitcoin have value

Bitcoin has a unique set of features that are not found in any other form of money. Arguably the defining feature of Bitcoin differentiating it from other forms of currency is its mathematical scarcity. Unlike traditional fiat currencies with an unlimited supply that is adjusted at the whim of central banks and Governments. Bitcoin is the only asset in the universe that has a mathematical scarcity. This makes Bitcoin an ideal hedge against inflation & devaluation because its scarcity makes it deflationary. Bitcoin’s creator(s) Satoshi Nakamoto intentionally limited the lifetime supply of Bitcoin to 21 million coins through the algorithm built into the Bitcoin network. This group of anonymous coders under the name Satoshi Nakamoto made the Bitcoin protocol open-source and handed it over to distributed networks around the world. This is what makes Bitcoin fully decentralised adding to its value proposition. There is no CEO, no hierarchy, no owner or central authority or anyone who can manipulate its supply. Bitcoin is incorruptible in a corrupt world, and a deflationary asset in a financial system that is inflationary by design.