[dmihal]

Bitcoin isn't valuable because of its technical properties, just like gold isn't valuable because of its physical properties.

Both are valuable because of their universally recognized scarcity and value. If you want to put your wealth in a SoV cryptocurrency, Bitcoin is the clear schelling point.

Ether will remain competitive with BTC, it may even flip it in market cap, but I doubt Bitcoin will ever go away.

[kgilpin]

Bitcoin is valuable because of its value?

[wocram]

Just like USD :)

[blueterminal]

You must pay taxes in USD. BTC and USD are really not comparable.

[ric2b]

You must pay for Bitcoin transaction fees with BTC, same idea different scale, I guess.

I don't think taxes justify the value of a state currency, otherwise the value would fluctuate wildly when close to tax season.