Comment by alpatters

I think the comparison of bitcoin with gold is a better one than stocks. The value of gold today is not tied to the underlying precious metal any more. Gold is kept in vaults likely never to be looked at or touched. It might as well be a digital number. Instead gold is a place to store capital with a value agreed between buyers and sellers. It is limited in quantity and is very difficult to copy. Bitcoin is quite similar is many respects. It also doesn't have to be stored and corrupt governments cant easily steal it.