> gold has intrinsic value "Intrinsic value" isn't a rational concept and doesn't exist inside any successful economic formalizations. Gold has value because

> gold has intrinsic value "Intrinsic value" isn't a rational concept and doesn't exist inside any successful economic formalizations. Gold has value because it has useful properties, just like Bitcoin. Gold: Shiny, sort of limited supply, difficult to store and transport Bitcoin: Not shiny, hard-limited supply, easy to store and transport