Comment by patrickthebold

This is interesting to think about: For gold I'd say the demand is coming from both industries and from people who want it as a store of value. If it was only used as an industrial chemical, then surely the price would drop because there would be less demand.

Some bitcoin advocates will talk about how useful it is as a currency, and I wonder how much bitcoin is actually used for purposes other then to hope you can sell it to someone else for more than you paid.