Gold has had many uses in the past and continues to in the present. Sure, there's a load of gold in various national vaults but the fact that gold emerged as a

Gold has had many uses in the past and continues to in the present. Sure, there's a load of gold in various national vaults but the fact that gold emerged as a standard for minting coins in multiple independent countries shows that it held some meaningful value. You can't suggest with a straight face that all the speculation in bitcoin is because of its potential and not because people see the price going up and decide they're going to buy with intent to sell too.