People keep repeating this but bitcoin is well over a decade old now. And it still has no value other than, well, "value". That first day you got internet in, say, 1997, you were in touch with people far away and could look all kinds of shit up and make webpages and pull godwins on usenet and download winzip from tucows and it was amazing.

I think your only argument holds, slightly, if by "real value" you mean "money".