Bitcoin and gold are similar in that they have value because people agree they do. However, gold also surves a structural purpose in that people can park wealth in gold when other asset types are in a downturn, say, like in the 2008 crash. So gold serves as a safe haven with the promise of being able to change it back to other assets in the future.
Bitcoins could serve the same function, but instead Bitcoins seem to track stock prices rather than be a safe haven in a market crash.
Is Bitcoins always going to be a rally asset, or will it change to behave more like gold in the future?