Why does bitcoin have any value if someone made it up?

“The Complete Bitcoin F.A.Q.” is a series for total beginners. Straight answers to real questions—no hype, no technical nonsense.

So did every other kind of money.

The U.S. dollar? Invented.

Gold? Dug up and worshiped for no practical reason besides shiny things and status.

Even that Beanie Baby your aunt thought would pay for college? Yep—pure imagination.

Bitcoin is no different. It has value because enough people agree that it does. That’s how value always works.

You’re not crazy for questioning it. Most people think something only has value if it’s backed by gold, a government, or a physical asset. But that’s just a story we’re used to hearing. And we believe stories more when lots of people believe them.

It’s called Social Proof—the idea that if the crowd believes something, it must be true. It’s why we read reviews before buying something. Why we get in the long line at the food truck. Why we trust a blue checkmark more than a random reply guy on X.

Bitcoin started with one believer: Satoshi. Then a few more. Then a few thousand. Now millions of people around the world save with it, build on it, and treat it like real money.

And guess what? That belief created value—the same way it did for gold, dollars, art, land, or a Taylor Swift concert ticket. Although I prefer Lady Gaga or Chappell Roan.

The difference? Bitcoin didn’t need a central bank or a marketing department to convince anyone. It earned its value one person at a time—without force, without hype, and without a bailout.

So yeah, someone made Bitcoin up. Just like everything else you’ve ever paid for.

Wealth melts. How much you got left?

Disclaimer: Melting Wealth is not financial advice. It’s a wake-up call. Think for yourself, question the system, and take responsibility for your decisions. Your money, your risk, your move.