The value of gold is its immense store of value attribute. It is extremely difficult to form from any other substance, at least in any meaningful amounts, and i

The value of gold is its immense store of value attribute. It is extremely difficult to form from any other substance, at least in any meaningful amounts, and it is extremely inert, while still being readily available compared to alternatives. Secondly, there is implicit monetary value to gold because most of it is hoarded and stored by central banks, the institutions who issue your legal tender and in whom society places its financial trust, i.e. money. Bitcoin has no such association. Thirdly, gold can and does generate liquidity from creditors as collateral - just ask any bank and exchange during the 2008 financial crisis. Bitcoin has no such function. Finally, the value of Bitcoin can disappear just as fast as it appeared. It can be useful as a medium of exchange or an investment, but as a store of value it does not compare to gold.