I don't think Bitcoin is valuable because it is widely known? What about the days where people don't know Bitcoin and only few knows it? what value did they saw to mine Bitcoin? you see, it's not Bitcoins popularity but utility and it's technology that brings people to use it. Without it's semi-anonymous feature and its decentralization, then people wouldn't even bat an eye.

Nope look when there are less people know about bitcoin can you compare the price from there to these days?
Look how cheap bitcoin from that time because there are less demands and only few people uses this.
And now there are million people here that supports and uses bitcoin(this is just my estimate lol) imagine how Huge we go in price growth?
this means one thing that popularity is part of the increase from price.

When we do talk about popularity then it would definitely talks about demand because if its unknown to the community then it wont really
get that attention.A thing that do gain value is that into something that has demand and this is where bitcoin head on.Sadly that i havent
considered this one when it was just starting wayback when im still at college where it doesnt even have that value or you can freely mine
but i totally ignore this one which really a regretful thing but its never too late to engage though because we know that this one will
still fly in the future.

Utility is what gives Bitcoin value above anything else. If people don't find an asset to be useful in their daily lives, they'll simply consider it to be invaluable. There's more to Bitcoin than meets the eye. Aside from its utility, Bitcoin is a decentralized and censorship-resistant cryptocurrency with a very limited supply. Every 4 years, there's a reduction in the number of Bitcoins produced by miners. This, alongside, demand from everyday people within mainstream markets, allows Bitcoin to be an extremely valuable cryptocurrency. While naysayers often criticize Bitcoin by being "made out of thin air", we all know that's not the case. The world is still unaware of the benefits Bitcoin provides, largely because of the negative reaction from mainstream media. Once people get to recognize the true power of Bitcoin, you could expect it to be a lot more valuable than what it is right now.

Ultimately, people are the ones who decide Bitcoin's price on the market. As with anything, Bitcoin's value is determined by psychology. If people believe Bitcoin to be valuable, it'll be that way for the foreseeable future. Otherwise, it'll be worth nothing. What makes Bitcoin truly unique among other cryptocurrencies on the market, is its vibrant community of developers, and individuals alike. It's always active in development, and innovation, providing real use cases for the mainstream world. Being the most secure cryptocurrency to-date, it'll maintain its value for a very long time. Just my opinion

Bitcoin is valuable because it backed big crypto community. We give value to bitcoins. Value depend on demand and uses. If people want to down bitcoins it will go down for sure. Value is depend on how people thinking it's value.

All these long stories are quite unnecessary, you should have just gone straight to the point of what you’re trying to say, which is utility. It’s all about trust, and people make use of what they trust. When people trust something, they invest in it without fear because they believe in it. By them investing and making use of it (utility) it will start to have value. The community is what’s holding Bitcoin , if people should stop believing and investing in it, it will fall to zero.

I understand that you mean that a miner (the possible first level seller of bitcoin) will sell bitcoins only for cash; from this you mean that how much bitcoin in circulation or participating in real economy is based on bank? I guess people may sell bitcoins NOT only for cash but also services. It means number of bitcoins which are participating in the real economy does not need to be depending on bank. I mean people get bitcoins by paying cash and by working for bitcoins as well.

Dear wozzek23, I would like the following to be understood: the practice of widespread trade exchange is the only thing that is eternal. And this is what defines the essence of any payment symbol. All derivatives and technologies, all these futures and so on, they are finite. The existence of states sometimes has big surprises, and what could not have been supposed 3-5 years ago suddenly becomes a reality. The same applies to the economic structure of the civilization of the planet.
I do not just believe, I understand that the future is an emission-free economy, in which there will be no derivative financial instruments, and no surplus value from the air. But for this, the world must become truly united.
It should be understood that bank interest and derivative financial instruments are not only a means of making profit and enrichment. This is a powerful catalyst for scientific and technological progress. It works like this: you are a businessman, you took a loan to start a business. To pay off your debts, you must control your business so that it constantly strives to be better than your competitors.
So, our conditional futures and bank interest is a catalyst. But, when you rush to the airport, and you see 200 km h on the device, you know that you will slow down as soon as you arrive, and get out of the car to transfer to the airliner. And when you take off, you will be supported in a quiet flight by physical laws that are important for the car too, but not intended for flight.
Why Libra or TON with so many followers can bring trouble for a relatively stable transition to a new economic model? But because they embody an emission-free model too early. For now, emissions are needed and important for stability. It is clear that this has a limit, but the basis for such a transition should be ready.
Why is bitcoin not dangerous in the same role? Because it cannot become the basis and base of premature broad payments.
But Bitcoin may have additional features. About which no one is talking yet, and most people simply do not think.

It all comes down to one thing: Trust. - When Nixon got rid of the Gold standard the backup value of the USD got taken away as well. Since then, the Dollar is just as much as every other currency on the planet only valuable because of the trust in it. You can trust your local backery that you get goods with the value of 10.- if you pay 10.- The trust in the Dollar got damaged by the debt economy and its effects on the US market, now losing its hegemonial status to China again. 1.5B people "trust" the Yuan, but it is again just a currency based on trust.
The main difference between the trust to fiat and Bitcoin is that BTC also represents hope, liberty, privacy and a new way of doing things. It´s somehow an exciting new toy for mankind

so why what about fiat . it cant be mined but it do still have a value  ?  other cryptos dont have a fixed supply but do still have a value too  .

 halving does not also trigger demand and it isnt built for that way  but halving have a different purpose   . decrease on the price of btc is the only thing i think of that triggers demand  but that is true that btc has a value because people bought it or put money on it by converting thier fiats   .

I have watched many youtube videos and article about this and your explanation is the shortest and clearest.

Will definitely use this whenever my friend asked

Thank you