Bitcoin Vs Gold (Analog Vs Digital)

On an institutional level Bitcoin is being bought as part of their currency mix hence the rise - and gold has missed out on that money.

I see Bitcoin as Tulips tbh.
Hard assets are not going away anytime soon philosophically Bitcoin replacing Gold is akin to an AI having a human soul. Pie in the sky stuff and personally don't trust parabolic moves on hot air.

As bubbly as it gets.

Sorry to be negative on the bitcoin. I cannot see any utility (day to day use) for it. It is like a Tulip or a Rembrandt. It may go up and up forever if everyone wants it. But like a Rembrandt you can only look at it or sell it.

Maybe it replaces gold. But I cannot figure why it would replace gold. Apparently gold is in the doldrums because real interest rates have spiked up a little. If bitcoin was a replacement for gold or currency (as a store of value) then it should also behave as gold. I mean, like gold, it just sits there (digitally) and does nothing.

I would be amazed if bitcoin does not crash. To all holders, good luck. But will you sell it or just keep forever, like your first kiss in your memory.

I was hoping with bitcoin-mania then gold would catch fire. But alas 'no'. So even that NON correlation tells me bitcoin has no properties of gold. It is just a digitial 'thing' that happens to be coveted by all. And coveted for no other reason than someone else is coveting it. Very odd.