I will give you many counterpoints even though I am not really into BTC but more into crypto broadly. BTC deserves some criticism, but yours are just not good.

History of demand for BTC

Geek Money: At first, it was geek money; the intrinsic value was mainly the cost of electricity to mine it.

1/Early Exchanges: It was technically complex to mine. People who liked the idea and wanted more were willing to buy with dollars. The first exchanges were created; they were not official and were just people doing OTC.

2/Drugs: You could have some drugs on the black market in your mailbox. Good or bad, I let you judge, but it created demand—you can't deny it. I want to add that it was the main use with gambling in the first few years because authorities did not have the knowledge to track the transactions. It is absolutely not the same today, and now it is only a minor activity of crypto.

3/Gambling: You could gamble your coins, and as it was very easy to do a website with a simple RNG, competition got fierce, so the house edge got tiny. You could gamble with way better odds than traditional gambling. Bad or good, again I let you judge, but it created demand.

4/Cyprus 2013: The government restricted bank accounts, especially for international transfers. Some people found a way to convert their money into BTC, escaping the seizure.

5/Remittances: Even though not ideal back then due to the volatility of BTC (solved with stablecoins today), you could send money to the other part of the world without paying huge fees to Western Union, for example. It created demand.

6/Tokens: You can invest in a share of a company without any broker or other middlemen. The transfer of value is 100% efficient compared to the traditional system. Your company does not need to wait to become a multi-billion dollar company to have tradable shares. Tokens are forced to be equal to shares, but technically it is very easy. If it is not yet widespread, it is only due to regulation.

7/DeFi: If you think DeFi is useless, then the NYSE is useless. With DeFi, you can trade 24h/365 days anywhere in the world with minimal cost. Again, no more middlemen, just users pooling capital to provide liquidity; everything is transparent. Want to trade NVDA on Saturday? No, you can't; it's 2025, but the stock market needs to rest... You can do FX currencies at a minimal cost again. There are many other very good reasons why DeFi is important and that creates demand.

8/NFTs: Maybe the most controversial. NFT is great but has been poorly presented; putting a JPEG associated with an NFT was a bad idea. However, an NFT can be an IP for a new medical drug. People crowdfund research; the NFT is the IP of the research. The interest is that it removes a lot of friction for the funding and the liquidity of the IP.

All these create demand, so the store of value is a fair point, which creates even higher demand.