Listening to a gold bug saying that she sees how BTC is a store of value, a trading instrument, and unlike gold, truly mobile.

But at the same time, that she does not BELIEVE in BTC vs gold because BTC has no "utility" because it's not "real", and gold is superior because you can make jewelry and put it in circuits.

Boggles the mind how incredibly closeminded and just plain ridiculous these old people can be. So, we are supposed to believe that the current price of gold is due to "industrial use"? Get the hell out of here, woman.

At this point, I have to believe that this kind of irrationality can only be explained as a psychological defense mechanism.

People like this gold bug lady have been very succesful in the past, so anything that goes against the past narrative is taken as a personal attack or as questioning the value and merit of their past success.

So they just have to make up all sorts of idiotic rationalizations, instead of just admitting that there has been a change of paradigm.