The only real answer is that it is because we believe it does.

You are right! But you can say the same about anything. Convenience plays a big role when it comes to value. As an example when I send fiat electronically from US to my family in Europe, it takes three days and minimum $45.00 fee. With bitcoin and other cryptocurency it can’t happen. That’s what I call life being much easier and much convenient. As long as something makes people’s life simplier and easier, they find some kind of value in it. Most people don’t understand what crypto and blockchain technology is. Once they realize how convenient it is, they will find a great value in it. Sometimes it takes time for this to happen. There will be a time when crypto and blockchain technology will be part of everyone’s life. It will eventually be necessity to anyone. Crypto’s bear market needs to come to an end and start steady and slow uptrend. Most people are scared of this kind of volatility.

US Army protects USD on every battlefield where they go. Same goes for other fiat currencies and other armies.

That’s a great point. For example petrodollar. Every time petrodollar was threatened by other countries, US found a way to destroy this specific country’s step to backoff from petrodollar. Perfect example is Iraq and Lybia. Not that I’m not happy about these dictators being removed, but I believe US had completely diferent reasons to go to war against these countries. Today with Russia, China and other countries backing slowly off from petrodollar, I’m afraid nothing good is being planed for the near future. In my opinion it’s only matter of time when US finds a reason to go to war.