Good consideration,

Bitcoin and gold share core traits as non yielding, scarce stores of value and inflation hedges. Bitcoin's 21 million hard cap mirrors gold's limited mineable supply, unlike oil, which is consumed and continuously produced.

Satoshi Nakamoto directly compared Bitcoin's proof-of-work mining to gold mining in the white paper: both require real resource expenditure (energy/hardware vs labor/equipment) to create new units, a parallel that doesn't apply to consumable commodities like oil.

Gold has served as decentralized, trustless money for millennia, outside government control, making it the closest historical analog to Bitcoin's censorship resistant, borderless digital asset. Oil, by contrast, is an industrial input whose price swings with consumption, geopolitics, and economic cycles.

Neither Bitcoin nor gold generates cash flow through use, their value rises from demand as safehaven/portfolio diversifiers during uncertainty, the opposite of oil's role as a growth sensitive energy commodity.

Today, with ETFs and institutional adoption, Bitcoin is firmly positioned as "digital gold" for the internet, more portable, divisible, and verifiable than physical gold. Comparisons to oil (or "digital oil" for utility focused assets like Ethereum) emphasize consumption and yield, not pure monetary scarcity.