The value of Bitcoin comes from its ability to function as a medium of exchange, unit of account, and store of value from "summary" of The Bitcoin Standard by Saifedean Ammous
Bitcoin's value lies in its multifaceted role as a medium of exchange, unit of account, and store of value. As a medium of exchange, Bitcoin enables individuals to engage in transactions without the need for a trusted intermediary. This peer-to-peer nature of Bitcoin transactions allows for greater efficiency and lower costs compared to traditional payment systems. Moreover, Bitcoin serves as a unit of account by providing a common standard for measuring the value of goods and services. This uniformity simplifies price comparisons and facilitates economic calculations, leading to incr...
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