It's basically like gold with extra features, such as being cheaper and faster to move than physical gold and also it requires much less physical security (whic

It's basically like gold with extra features, such as being cheaper and faster to move than physical gold and also it requires much less physical security (which is expensive). You can't encrypt a bar of gold. The value of gold, bitcoin, land, etc is simply there is a stable amount of it. The price may jump wildly due to speculation but it's more likely to go up than down over the long term just because the amount of fiat in circulation is constantly increasing.