Bitcoin has probably sparked more debate than any financial asset in recent history. From bold claims like “Bitcoin will change the world” to sceptical takes like “Bitcoin has no real value,” opinions tend to fly fast and fierce. It’s easy to get caught up in the noise, but today, let’s calmly unpack that second view: the idea that Bitcoin has no real value.

On the surface, it might seem like a fair criticism. Bitcoin isn’t backed by gold or any government. You can’t touch it, hold it, or store it in a drawer. It exists entirely in the digital world. So how could it possibly be worth anything? These are valid questions—and they’re worth answering properly. Because the truth is, once you take a closer look, the argument that Bitcoin has no value starts to fall apart.

To get to the heart of the issue, we need to ask a bigger question: what gives anything value in the first place? It turns out, it’s not about something being physical, tangible, or even inherently useful. Think about gold. It’s valuable not just because it’s shiny or rare, but because we believe it’s valuable. That belief is what makes people want to own it, trade it, and protect it. It’s the same with paper money. A $50 note is just paper and ink. It only has value because we all agree it does.

So, if value is about collective trust, utility, and social agreement, then Bitcoin fits the bill surprisingly well. It has value because people believe in it. It has utility as a way to store and transfer money. And it’s gaining trust from more people every day, including individuals, institutions, and governments. Like gold or fiat currency, Bitcoin’s value is socially constructed—and that’s not a weakness. It’s exactly how most value works.

Let’s look at the reasons why millions of people—and a growing number of large organisations—see real, tangible value in Bitcoin. One of the most compelling reasons is its scarcity. There will only ever be 21 million bitcoins in existence. That’s hard-coded into the system and cannot be changed. In contrast to fiat currencies, which can be printed in unlimited quantities by central banks, Bitcoin’s supply is fixed. That makes it scarce, like digital gold. And as history shows us, scarcity often drives value. Things that are limited tend to be more desirable, especially when more people begin to understand and want them.

Another core reason people value Bitcoin is its decentralisation. No single entity—no bank, no company, no government—controls Bitcoin. It’s maintained by a global network of computers (miners and nodes), all working together in a system that’s open, permissionless, and censorship-resistant. That means Bitcoin can’t be shut down by any one authority, and no one can alter its core code without consensus. For people living in countries with unstable currencies, restrictive regimes, or unreliable financial systems, this isn’t just an abstract concept—it’s an essential feature. In many cases, Bitcoin provides a level of financial freedom that simply didn’t exist before.

Security is also a major part of the story. Every single Bitcoin transaction is recorded on a public ledger called the blockchain. This ledger is permanent, tamper-proof, and viewable by anyone. That kind of transparency and security is something traditional finance can’t offer. It reduces the risk of fraud, increases accountability, and allows anyone to verify what’s happening at any time. It’s not just secure—it’s empowering.

Then there’s Bitcoin’s usefulness in a digital economy. We live in an increasingly digital world. From online banking and e-commerce to remote work and global freelancing, much of our economy has moved online. In that context, a purely digital currency starts to make a lot of sense. Bitcoin can be sent across the world, 24/7, with no need for banks, middlemen, or even borders. That’s fast, efficient, and, in many cases, cheaper than the traditional alternatives.

One of the most common objections we hear is that Bitcoin isn’t “backed by anything.” But here’s the twist—most modern money isn’t backed by anything either. The Australian dollar, the US dollar, the euro—none of them are backed by gold or any physical asset. They are backed by government policy, monetary confidence, and public belief. Bitcoin is backed in a different way: by cryptographic code, a decentralised network, a passionate global community, and a set of transparent, predictable rules. That’s not a weakness. That’s an alternative model of trust.

Over the past few years, Bitcoin has moved from being a niche tech experiment to a recognised, emerging asset class. Major financial institutions like BlackRock and Fidelity now offer Bitcoin investment products. Australia’s own Commonwealth Bank has explored Bitcoin services. Bitcoin has even been adopted as legal tender in countries like El Salvador. That’s not just hype—that’s real-world recognition. It’s being discussed in boardrooms, included in retirement portfolios, and explored by central banks as part of a broader conversation about the future of money.

Bitcoin is also increasingly seen as a hedge against inflation. In a world where central banks are printing money at record rates, many investors are turning to Bitcoin for its limited supply and resistance to devaluation. Beyond investing, it’s being looked at as part of wider strategies around digital transformation and financial inclusion. In places where banking infrastructure is weak, Bitcoin provides access to global markets. In economies with high inflation, it provides a safer store of value.

If all of this feels a bit familiar, it might be because we’ve seen this movie before. Back in the 1990s, the internet was in a similar position. People didn’t understand it. Many thought it was just a phase. “Why would anyone need email?” “The internet is just for geeks.” And yet, those who paid attention and took the time to learn saw the opportunity. They saw the potential for massive transformation. Bitcoin today is a lot like the internet then—early, misunderstood, and full of untapped promise.

At dcx, we believe Bitcoin has real value. Not just because it exists, but because of what it makes possible. It opens the door to a fairer, more inclusive, and borderless financial system. It gives people more control over their money. It brings transparency, accountability, and freedom to transactions in a way that traditional finance often fails to deliver. It’s not perfect—but no technology is, especially at the start.

So the next time someone says, “Bitcoin has no real value,” it’s worth asking a simple question in return: what gives anything value? Once you break it down, you’ll see that Bitcoin checks more of those boxes than most people realise.

And if you’re curious about exploring Bitcoin for yourself, you don’t have to go it alone. At dcx, we’ve built a crypto platform that’s designed for everyday Australians. Whether you’re brand new to crypto or looking to invest more seriously, we’re here to help you learn, grow, and navigate the space safely. We’re focused on giving you the tools, education, and confidence you need to be part of the future of finance.

Bitcoin isn’t just a buzzword or a tech trend—it’s a tool for change. And like all powerful tools, its value is in how we choose to use it.

Welcome to the future. Welcome to dcx.