> And of course just a storage of value. See also gold. At some point it did make sense as a currency because of its hard-to-fake nature, but once governments

> And of course just a storage of value. See also gold. At some point it did make sense as a currency because of its hard-to-fake nature, but once governments became stronger and regulations and documentation became more strict, gold was not needed anymore. (And gold has all sorts of downsides [1] too.) But there seems to be some 'nostalgic valuations' for it, and Bitcoin now has the same psychological appeal. [1] https://archive.is/https://www.theatlantic.com/business/archive/2012/08/why-the-gold-standard-is-the-worlds-worst-economic-idea-in-2-charts/261552/ https://archive.is/https://www.theatlantic.com/business/arch...