I think I just understood why people have a hard time comparing Bitcoin and Gold. Gold is objective (its value is not, but its existence is), but Bitcoin is an intersubjective thing. In this regard it’s not different from Fiat currency. Bitcoin does not exists outside of our conscious mind.

Of course that is true for many many things and it does not make Bitcoin any less valuable. But somehow thinking about this makes me understand the old and wary folk a bit more.