It has accidentally utility: speculation. That's only good until enough people get burned so bad they never touch it again. Then it has completely no utility.

It has accidentally utility: speculation. That's only good until enough people get burned so bad they never touch it again. Then it has completely no utility. Gold has survived as a speculative vehicle because it's been relatively stable over a much longer time period. That, and unlike Bitcoin, gold is actually a physical asset that is not held together by (wasting) electricity.