except all the goods and services that it currently stands in as a reference for (given people had to buy it with their own money, which they provided some service to obtain)
but hey,
just because bitcoin wasn't directly involved in a transaction doesn't mean it isn't standing in for economic value
if I steal an ancient coin worth $10,000 dollars from you, and you're upset about it, am I making a good rebuttal by saying: "it's not like you could buy anything at the grocery store with it anyways"