However, in the case of bitcoin the only way I can utilize it is by watching it. That's all. Once I buy bitcoin, my wallet application reads a number from the blockchain, an shows it on the screen of my mobile phone. And all I can do, is to watch that number.
Why would I pay so much money for a single unit of a product that in comparation to gold, a sunset picture, wheat or crude oil has so low utilization capacity?
Bitcoin is currency, so you could utilize it just like how you utilize fiat. But IMO most practical usage are to protect privacy, evade censorship or protection from authoritarian government. Few random example,
https://bitcointalk.org/?topic=137.0https://www.msn.com/en-us/money/news/edward-snowden-reveals-he-used-bitcoin-to-leak-nsa-documents-nearly-10-years-ago/ar-AAQZQEShttps://www.bitcoininsider.org/article/129955/afghan-women-have-been-able-use-bitcoin-flee-afghanistanAnd now the questions: if I can purchase a picture of a sunset for a couple of bucks on Shutterstock and watch something aesthetically rich, why on Earth would I purchase a number "1" for $37.000 and watch something aesthetically poor?
It's like comparing apples with oranges. If you prioritize aesthetics, consider "physical" Bitcoin or another goods.
That what you're talking about is not utilizing but trading. Everything can be traded. The question is why would one pay an enormous amount of money for a single unit of a product that has extremely low utilization capacity?