What gives cryptocurrency its value?

Crypto doesn’t have intrinsic value like gold, and it isn’t backed by a government like cash. Here’s where crypto gets its value.

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[rajesha]

Sorry, I still don't understand how crypto has value without any ties to the real world or any legal entity backing.
The group of ppl who agreed currency has value are from the government and governments hold tons of forex and gold, therby giving value to their word. Gold/ Silver has real world applications like any rare metal thereby having value.
As far as i know, there is no entity which has value without direct (fiat, gold, reits etc) or indirect (stocks, bonds etc) ties to the real world. The only exception seems to be crypto, which I simply don't understand.
I am just honestly trying to understand how crypto gets its value.

[DanishAhmad-zqdo]

As far as I understand economics, any currency not backed by a physical asset can be disastrous to economy of a country, bitcoin seems to be a hallucinated currency

[NickBigsmoke]

its a speculative asset that has no value

[Ramstein]

What gives something value are two things:

1) Its availability
2) Its use

Therefore crypto currency is just a scam.

[miller]

The real value of a currency is the stock product behind. Without it the value is just speculation of the imagination.

[lagunacorona]

Value comes from a list of several things, how useful it is, how durable it is, amongst a list of different other specific needed perameters....gold has been knows to not oxodize so easiliy in the elements unlike other metals, for that and other properties it has such as for electrical technological uses yet it is so limited, its pretty versatile too and of course its distinct color besides copper...dare I say if copper didint tarnish like gold did ...I guarantee it would probably be worth more despite its higher abundance

[seer]

Its functionally equivalent to fiat. However, unlike fiat, the ledgers are public.

[Lieeza]

But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: head isolate sound end kit industry choice festival limit stable dolphin derive. There is nothing else.

[Imakesomething-egbw]

That's make sense now why many of creators promote to buy Bitcoin

[kalikeliihoomalu]

So it’s all just based on money. Crypto only has applied value. Applied by people and the value they apply to it is the dollar. But that can’t be, because no one can know how much a bitcoin will be worth in the future it. The value of crypto cannot be applied by people. Why does the value go up and down then? The core of the currency is still based in real world money. It doesn’t really seem like it would counter inflation cuz it would just be worth more dollars. The dollars themselves are the issue because those are worth less. having more imaginary money counters inflation how? Who decides that bitcoin is so expensive?

[funfunyo]

Its nothing like gold and this never answers anything
What gives crypto value
Money if fiat but its traded and backed by governments and banks

[OMGWUNSIU]

the music is DISTRACTING, UNNECESSARY and ruins the video. I couldn’t watch it.