TL;DR: It’s worth whatever a greater fool is willing to pay for it.
Bitcoin is a cult, therefore it’s invaluable to the cult members. In reality they’re all multi-level marketing pyramid schemes which is what the stock market has degenerated into as well. The former just has more overtly obnoxious shady unethical proponents. It’s easier to succumb to greed, selfishness, and seclude oneself from the rest of society by simply buying something that confirms one’s fallacy riddled beliefs than it is to question oneself and actively improving society with all of Earths inhabitants, ecosystems, and posterity in mind. Technologically humankind has made great strides, but mentally the majority still thinks like cavemen.
Crypto Cult Science
“Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin’s shortcomings, a financial instrument that brings out the worst in people—greed—won’t change the world for the better.” —https://www.arscyni.cc/file/crypto_cult_science.html
Yes.