How to explain Bitcoin’s real value to my 72yr old uncle

Hi everyone, i’m trying to explain the real value of Bitcoin to my uncle (72yrs old, physicist). He’s been studying economics and the stock market for a few months. He understands how stocks and markets work, but he struggles to see Bitcoin as a store of value or understand what it’s actually backed by.

The other day, he told me he sees gold as a store of value because it has “intrinsic value”, as you can melt it, make things with it, etc. But when it comes to Bitcoin, he doesn’t understand it in the same way.

I tried to explain to him that the most important characteristics are: - The fixed supply of 21 million BTC ensures scarcity, so as demand grows (due to the constant devaluation of fiat currencies), Bitcoin’s value should increase. - Its utility as a peer-to-peer payment system that bypasses banks and intermediaries makes it unique and valuable, especially in a world where trust in financial institutions is declining.

Despite this, he wasn’t still convinced. He told me he kind of understands the point of the BTC fixed quantity, but that he doesn’t trust Bitcoin too much because of its high volatility and price changes. However, he’s interested in the topic, and I got him into investing a few dollars, as i convinced him that a bullrun might take place in 2025.

So my question to the community is: - What arguments or reasons do you usually use to explain Bitcoin’s “intrinsic value” to someone? - How can we better connect Bitcoin’s concept of value to someone who thinks in terms of physical utility and tangibility?

Thanks!