The key property of using gold as a store of value besides it being easily divisible, hard to counterfeit, etc is that there's plenty of other people in the world willing to accept it. Popularity isn't an arbitrary property, it's a feature
In this case, you could also look up “coordinated Nash Equilibrium”, which can partially explain some of the behavior in bitcoin.
This can work for a little while, but without other factors to maintain the cycle it's just a fad.
> In this case, you could also look up “coordinated Nash Equilibrium”, which can partially explain some of the behavior in bitcoin.
You could also explain how coordinated Nash equilibrium relates to your point, instead of name-dropping complex topics (which you may not even understand). If you actually have a valid point here, you can explain it rather than expecting others to do your research for you.