Bitcoin is a better medium of exchange than gold. It's trivially divisible, it can be checked against fraud and counterfeiting with a quick electronic test, and

Bitcoin is a better medium of exchange than gold. It's trivially divisible, it can be checked against fraud and counterfeiting with a quick electronic test, and it can be sent around the world in minutes without the expenses usually associated with armed escort. If you're paying some random person in Venezuela a two or three figure sum, Bitcoin is better than gold, and probably more anonymous. Gold is probably a better store of value than bitcoin. It's not a great one, mind you (the price is still too volatile). Its security can also be assured with physical protections that are easier for a layman to understand than bitcoin's electronic protections. Bitcoin has a small but nonzero chance of a total collapse in its value which gold will not face until widespread exploitation of asteroid-based mineral resources is commonplace. Neither are effective units of account.