The Narrative That Gold Isn't a Good Store of Value Makes the Crypto Community Seem Disingenuous

I'm going to preface this by saying that I think cryptos can be and are great stores of value (SoV).

However, a significant percentage of the crypto community sees gold as a rival to crypto, especially to BTC. Thus, they try and rubbish the idea that gold is a SoV and state that is has no utility.

Gold definitely does have a strong claim for being a SoV. Here's the case:

- Limited supply. It is increasing as more gold becomes mined, but so is Bitcoin.

- Over the last 20 years, it has increased by 295%, while inflation has only been 43%.

- Admittedly, it has traded flat for the last 10 years, but inflation was only 12% in total.

- It is currently trending upwards when inflation is high and there is political tension.

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Gold has incredible utility, being used in:

- Jewellery

- Electronics (incredibly important use case)

- Cuisine

- Medicine

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Gold is a strong SoV. Some people paint gold as a useless precious metal, saying that BTC makes it redundant. This is not the case, even if gold loses its SoV narrative, it'll still be used in electronics, jewellery etc.

Pretending that gold is useless makes the crypto community seem disingenuous, or worse, misinformed. Stop the false narrative.