Based on my study of bitcoin, these are the properties that give it value :

(1) scarcity

(2) security (distributed ledger based on blockchain)

(3) decentralization

(4) immutable

(5) censorship resistance

(6) proof of work

(7) global (truly global currency, ideal for internet age)

(8) digital

(9) liquid

(10) fungible

(11) programmable

(12) eliminates the need for a 3rd party, truly peer-to-peer

(13) scalable, can be made more powerful via layers of solutions on top like lightning and others

Thanks to Andreas Antonopoulus, Anthony Pompliano, Jack Mallers, nostr:npub1ewjtrpve0y42ak0tj4r0esp62p6uvpx57sukfaphtqlzedrfl04sl4k3yt and others for helping my Bitcoin education.