Why has gold prevailed over thousands of years while almost all fiat currencies went to 0?
Warren Buffett said it best on gold. It just sits there. Here’s one quote I found. In another he compared buying gold in 1900 vs us stocks.
“ I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today’s market prices about $7 trillion dollars – that’s probably about a third of the value of all the stocks in the United States…For $7 trillion dollars…you could have all the farmland in the United States, you could have about seven Exxon Mobils, and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I’ll take the farmland and the Exxon Mobils.” I
Not so much that it'll soar - but should retain it's value because of the cap and decayed mining
Further from that Buffett on his gold criticism - there is no hypothetical "bitcoin asteroid" that could hit earth and tank the value, or a new discovery
You don't have to be all-in on bitcoin, it's a hedge and a better version of the role metals play(ed). Personally my own preference is bitcoin sits somewhere between stocks and cash - that's exactly what Tesla are doing with their own cash management