[shuntress]

*The narrative around bitcoin has always been "It is digital currency. It works like gold".*

I don't think we need to get into whether or not gold is a currency or a commodity but you are fooling yourself if you think that the price of gold is driven by jewelers and PCB fabs.

[tim333]

You'd be surprised how much does go to jewelry https://www.statista.com/statistics/274684/global-demand-for...

Long term the price is driven by the mining cost.