There is some discussion in this thread that bitcoin is possibly a bubble because it does not really serve a purpose. But maybe its more like investing in gold

There is some discussion in this thread that bitcoin is possibly a bubble because it does not really serve a purpose. But maybe its more like investing in gold ? Gold does not have much purpose for the average person either. But the supply is limited and it serves as an alternative for investing in stocks or putting money in a bank account. And it seems Bitcoin is here to stay. Our current currencies also only have value because we trust them. Otherwise those are just as worthless. Trust is probably the most important ingredient in finance. So conversion of other currencies into bitcoin could also be seen as a conversion of trust. A case could also be made for more and more people loosing trust in governements. [Edit: added text on trust]