Bitcoin requires a constant supply of electricity to maintain its utility. Without electricity, Bitcoin would collapse.
Gold’s utility as a medium of exchange and a store of value is secure in a crisis, bitcoin’s is not.
The exchange of Bitcoin costs just as much as people are willing to pay for it. That amount can go arbitrarily low.
This is simply untrue. We're not talking about simply moving your wallet on a pendrive.
In this context moving bitcoin means changing ownership and this simply cannot happen without electricity.
I'm curious about this: What portion of the electricity used for mining is needed to prevent the collapse of bitcoin? My understanding is that the answer looks something like "however much is required to make a 51% attack impractical." If that's right, how should we go about estimating it? Should we understand "practical" to mean "profitable", or should we be thinking more about unprofitable, terroristical attacks?
We'll talk again in 5 years time.
Also, gold is the one most manipulated market in the world, having both banks, central banks and governments actively interfering in its price discovery.