@Tom Conant As a late responder to you question a few days ago - In my opinion, a bitcoins value, in theory, is derived from the supply and demand of the finite number of coins, like you said, however there's more details that are pertinent here. It sounds like you are familiar with bitcoins blockchain ledger - did you know there are currently estimated to be more than 6 million unique users of bitcoin's blockchain? My valuation thesis here is that while bitcoin may have zero value as a fiat currency, it represents the value (...a bubbly value) of its blockchain ledger system. A user network of 6+ million users certainly has value, which is what I would say the intrinsic value of a bitcoin is. There are many other blockchain ledgers that exist today that are considered more usable and efficient than the bitcoin blockchain, however they don't have as many users, which is one reason why their native alt coin currencies are currently worth less than bitcoin.
@Account ClosedWhile I would agree that talking about bitcoin on a real estate website is off-topic...there is an emerging trend that we should be paying attention to that creates a relationship between bitcoin and real estate. There are currently several blockchains being developed that would allow users to issue security tokens (like bitcoins) associated with them, specifically to publicly raise funds for real estate investments. I recently wrote a blog on this that you may be interested in taking a look at.
The Low-Down on Real Estate ICOs
An ICO is a concept similar, in ways, to crowdfunding. However, in my opinion, it has the potential to be much more scale-able and secure than the current crowdfunding technology.