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Midlands wrote:

No. Commodities are useful. Not necessarily in any place, but precious metals can be easily transported elsewhere. Crypto has no inherent value, period. You can't use it for anything. It has value only as long as somebody else agrees to buy it. Even if a country goes out of business, its old and now worthless currency (in the paper form) at least can be used to light a cigar. What on Earth can use crypto for?! I mean, you can't even use it as a decoration. Or for target practice. It's just an abstraction on some hard drive.

"It has value as long as somebody else agrees to buy it." You just described every fiat currency in existence. When it comes to what is most easy to transport, precious metals or bits and bytes, I think everybody knows the answer. By the way, if you send enough data through any heat-conducting metal, you could not only light a cigar but cook an entire four-course dinner on it.