An investment manager called gold and bitcoin economically meaningless 
From an economic point of view, gold is no different from bitcoin and is the same meaningless product, the value of which is only for the reason that you can sell it to someone. Timur Nigmatullin, investment manager of Otkritie-Broker, told the radio station “Moscow speaking”.
He believes that gold was a defensive asset in 2008-2009, but has now lost its value. “Gold, as you can see, is getting cheaper because professional market participants do not believe that the dollar will depreciate greatly, do not believe that gold can protect against this,” he named the reason.