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It seems that most people still don't fully grasp why bitcoin is valuable or for that matter why fiat or gold are valuable. The best explanation I've seen is actually the series of slide the Winklvoss twins put together (when they were taking a break from creeping everyone out).

https://winklevosscapital.com/value-investors-congress-prese...

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I was hopeful, but it doesn't explain why gold has value. It just starts with the assumption that it does. I'm afraid that sooner or later folks will realize it's just a shiny metal with little intrinsic value, much more abundant than many elements.

It absolutely explains that bitcoin, gold, and fiat all have value because they are strong in various properties of money. Gold is scarce, durable, fungible, portable etc. all to a certain degree. Not much money is history has had 'intrinsic value' so their intrinsic value becomes the properties of ideal money that they posses.

If water was scarce, it would probably make good money. But water is both abundant and not atomic so it can be created.

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