What is the difference between what you say about btc and gold? People only amass gold because people have always amassed gold. What is there intrinsically that makes gold valuable? Some jewelry, yes. Perhaps some technological applications. Otherwise, it's only valuable because people agree it's valuable. And they're finding more and more of the stuff all the time. In the 14th century, Mansa Musa dropped so much gold on the world that the price was depressed for a dozen years. Personally, I like gold coins, their feel and their weight. But there is no reason for one item (gold) to be valuable and the other (BTC) not. That wasn't true at the beginning. But it seems to me that so many people are invested in the BTC system wide that it's like those people who buy Apple products and can never go to another brand because of their ongoing investment. BTC hit critical mass, I think. Ultimately, it's advantage over gold is portability, storage, and immediate conversion. (Go to a gold dealer and ask for the current spot price in gold and watch him only offer a good slice off it.) At least with BTC you get the real price executed, instead of being stonewalled by gold dealers only willing to give you $100 or more less per ounce than the spot price.