This is an old video with very strong points on Bitcoin's flaws: ...and while the blockchain technology is a great invention, I'm afraid Bitcoin is a pump-and-dump speculative asset whose price is driven by greed, not a real economic activity. Yes, the market cap of Bitcoin is huge, but its real use is minimal. You can barely find a way/place to buy anything with it DIRECTLY. Most Bitcoin purchases run through exchanges: the buyer's Bitcoins go through intermediaries/exchanges, which in the end pay the seller with fiat money. If Bitcoin had more wide-spread DIRECT use: e.g. transactions for homes etc., it could have a better future. Gold is better than Bitcoin - watch gold: it's more stable, a lot more than Bitcoin during Bitcoin's up-and-down pump-and-dump fluctuations. Intrinsic value, use for jewelry etc. Gold won't go anywhere near zero. Bitcoin crashed drammatically in the past. It can go to zero. I think Bitcoin depends on mass-madness nowadays, it's fashion-driven. You can't lose your gold unless someone steals it from you or, if you physically lose it. I am not sure gold couldn't reach Bitcoin's price level in a real crisis. What do you think? Is gold better than Bitcoin as a safe haven/value preservation asset?