> gold has this one minor benefit test it is intrinsically valuable You can't explain the high price of gold merely by its intrinsic value. OK, it's shiny, but

> gold has this one minor benefit test it is intrinsically valuable You can't explain the high price of gold merely by its intrinsic value. OK, it's shiny, but there are other sniny metals. It can be used in electronics, or as filling/crown material - but it was valuable before people started using it for that. So much for the intrinsic value. So it must be something else that makes gold as valuable as it has always been. It's rare, fungible, divisible, portable - an ideal medium for storing value. Well, bitcoin is all those things and more.