## Why Does Bitcoin Have Value?

*Jeffrey A. Tucker

– December 2, 2020*

This is possibly one of the best articles I've seen explaining how bitcoin went from having $0 value on Jan 9, 2009 to becoming money. Written December 2020, just before it went on an all mighty tear.

*Bitcoin’s value obtains from its underlying technology, which is an open-source ledger that keeps track of ownership rights and permits the transfer of these rights. Bitcoin managed to bundle its unit of account with a payment system that lives on the ledger. That’s its innovation and why it obtained a value and that value continues to rise.*