> Why is gold so expensive? Around 90% of it is being hoarded, not used industrially. People think it's valuable, the supply is limited, therefore it is valuabl

> Why is gold so expensive? Around 90% of it is being hoarded, not used industrially. People think it's valuable, the supply is limited, therefore it is valuable. Same with cryptocurrencies. I'd say it's quite different. Governments that hold gold often do it because they expect gold to keep its value, not because they are expecting the value to increase massively (I can't think of any government leaders advocating that their country buy a lot more gold to get rich quickly). People who hold cryptocurrencies, on the other hand, seem to say that enormous fluctuations in value (including massive decreases in value) are acceptable because eventually the value might skyrocket. The reason people hold gold and the reason most people hold cryptocurrencies seem to be the opposite of one another.