Gold doesn't have that much intrinsic value either. It's hard to obtain, but so is bitcoin. Gold has the advantage that it has some use in personal adornments -

Gold doesn't have that much intrinsic value either. It's hard to obtain, but so is bitcoin. Gold has the advantage that it has some use in personal adornments - but I believe that's a marginal use. Bitcoin is easier to buy, sell, and store. I've said many times that the best description for bitcoin is electronic gold, not a currency.