Gold has intrinsic value. You can use it to make beautiful things, and it serves as a display of wealth. That value will always be present in the absence of a s

Gold has intrinsic value. You can use it to make beautiful things, and it serves as a display of wealth. That value will always be present in the absence of a state, although it would be substantially less without a state. Bitcoin has no intrinsic value. It's a financial instrument.