Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)
Bitcoin can lose 500$ within one night. Gold can't. Why that?
I'm sorry for saying so, but what you've written is a bit illogical. Why don't you take the inflation of usd in consideration? 20 dollars back in 1900s and 20 dollars now are totally different amounts of money!
And also, btc can lose 500$ within one night, but it can also gain 500$ or even more. Can gold gain a 100$ within a noght? Don't think so)))
The same can be said about Google or Tesla... Or any other... They are just as subject to volatility, but it's not correct to measure changes in dollars, it's correct to measure the percentage...