If BTC isn't valuable as a currency, then it is in fact a speculative bubble that will suffer a dramatic collapse, just like the tulip mania in the Netherlands in the 17th century.
Yes, but gold has been used as a currency for thousands of years and it does not share many of the problems of Bitcoin — for example it isn't so volatile.
Of course, it's a finite resource and mining it involves dynamiting mountains and cyanide poisoning the environment, but then again Bitcoin mining currently consumes enormous amounts of energy and it can only grow from here. Also countries with no gold reserves have been at a disadvantage, but then Bitcoin mining will require enormous resources as well and countries without those resources will remain at a disadvantage. So personally I don't see any benefits whatsoever.
If I had wealth to store, I'd invest in property simply because properties have intrinsic value. And yes, I'd still buy gold before Bitcoin or any other currency for storing wealth long term.
Bitcoin is currently only useful for speculative gains and I don't see that changing.
Digital gold term is utter nonsense and nothing more than wishful thinking of those involved. Gold has huge value, be it national reserves, jewelry, industries etc. and has never, ever lost much of its value.
Bitcoin is a classical ponzi, you don't have more than few bytes of otherwise meaningless data, and only emotions are keeping the value so high. And as we know, emotions change.
Don't insult gold. It will be around long after Bitcoin will become just another part of history.
