There is history in it, but it’s the same sort of history there would be in your average school textbook, if it was re-translated in and out of a few dozen languages, once a generation over the next two thousand years, by people with a political agenda to promote. Your “Complete 20th Century History of America”, in China, year 4014, will not in any way resemble real events of 20th Century USA.
Its interesting to note that some of the Biblical Laws, particularly around what was “clean” and “unclean”, were actually basic health and safety regulations for a society without refrigeration, disinfectant and antibiotics. Take pork and shellfish for example; we can eat them safely but these foods are prone to bacteria and in a hot climate it just isn’t possible to prepare it safely without proper refrigeration and kitchen hygiene. The ancient Hebrews knew only that eating pork made them sick, they didn’t know why. So they made a law – don’t eat pork, it’s unclean.
And circumcision – an ancient way of trying to avoid STDs for a society that had no clue how they were spread or how they could be treated.
The Bible was not fake for the ancient Hebrews; it was probably extremely valuable to their survival and prosperity. The mistake is in believing that such laws and teachings are still relevant to us in the West today.