Well no, not like gold.
Gold has a naturally (not artificially) limited supply. No matter how many people come to a consensus to increase gold supply, it can't be done. 21 million coin cap can be changed via a soft or a hard fork.
That said, you're partially correct. Gold gained its value because TPTB (ancient kings, warlords, chieftains, whatever they were called) once used it to measure their might. It was difficult to get & couldn't be easily counterfeited, so a natural choice. So much of gold's value comes from tradition -- its history, thousands and thousands of years being used for dicksizing by TPTB.
Unlike Bitcoin's 7-year history of not being used by anyone of consequence