[AnimalMuppet]

Gold has a 3000+ year track record of being a store of value. Yes, people worldwide could decide that gold was just a fad that we've moved past. But I'd regard it as a pretty safe bet that they won't, at least not in my lifetime. Gold may be a Keynesian Beauty Contest, but it's been winning for long enough that it's almost in a different category by now.

Bitcoin, on the other hand, is still firmly in KBC territory.

[charlesdm]

It will eventually come down to the fact whether people feel it is or will end up becoming digital gold. It's very much a binary situation; true or false.

That outcome will likely also result in a further 50x return from here, or a further decline.

[chillwaves]

Doesn't seem binary at all -- as the market price fluctuates, clearly there is room for disagreement (middle ground).