Hey! Thanks for the counterargument, without being able to defend our position how are we to really determine the correct position to hold? Appreciate you.

You are correct, the value is subjective.

Although the value of everything is subjective. There's subjective value in products that are created, which represents the subjective value of the time and energy used to create them that is saved by buyers who don't make the products themselves.

Bitcoin itself is trading coins for energy, the amount of energy given has subjective value that is exchanged for the coins given in return.

The energy given to Bitcoin is mostly energy that has no other buyer, and without Bitcoin has no value as waste energy. The fascinating thing is because the energy has no other buyer it has no value other than what Bitcoin offers for it. Two things with otherwise no value, give value to each other.