Part 2. Does Bitcoin have value?

As we have found out in Part 1, the rationale for any blockchain is to process transactions. Its value = transaction x users.

If and when we see user transactions, it means that the network has value and a certain number of people, for one reason or another, see the benefit for themselves in making such transactions.?

The essential conclusion -> Even if we do not understand the nature of transactions in the Bitcoin blockchain, and do not understand who's making them if transactions are happening - > means that the blockchain has value. And as transaction number grows over time, we can conclude that the value of the Bitcoin blockchain is also increasing.?

The magnitude of value is defined = transaction x users. The higher the number, the higher is the value.?

The valuation is a different question, though. There are a considerable number of different models out there. However, the trend, speed, and technology penetration are more important for a long-term investor than everything else.?

See this simple concept reflected in the transaction to valuation chart above.?

...to be continued