Why is gold a safe-haven to begin with? What makes gold have a price? The mining cost is irrelevant to the extreme valuation of this asset.
Well, I don't hold gold, but gold's value is pretty stable if you ask me, and that's definitely something you would want in a safe-haven asset. Don't get me wrong, I'm a huge ass bitcoin bull, but when talking about safe-haven assets, bitcoin is mostly not the best choice as it's kinda untested.
Gold has no intrinsic value. The price is what people believe it should have. I remember a no-coiner proclaiming a few months ago that Bitcoin has no intrinsic value.
This statement is not true as it does have a huge production cost which in turn supports the security of the network. In my opinion it is gold that is not a store of value anymore.
Well, bitcoin and gold are priced the same: through solely supply and demand. Arguing which one has and doesn't have intrinsic value is quite silly in my opinion as both has pretty close monetary characteristics.