[throw0101b]

> And of course just a storage of value.

See also gold.

At some point it did make sense as a currency because of its hard-to-fake nature, but once governments became stronger and regulations and documentation became more strict, gold was not needed anymore. (And gold has all sorts of downsides [1] too.)

But there seems to be some 'nostalgic valuations' for it, and Bitcoin now has the same psychological appeal.

[1] https://archive.is/https://www.theatlantic.com/business/arch...