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Cypherpunks were always more interested in censor resistant global payment, than new gold store of value. Latter was just a means of deployment, attractive for being permissionless "no banking interface". /1
New gold, as hedge against geo-political uncertainty, and inflation, turned out to be an adoption driver also as the S-curve of both married use cases of uncensorable payment and store of value go through adoption waves. People come to appreciate Bitcoin via different routes, /2
New gold makes Bitcoin itself an investment class. Uncensorable payment without SoV is harder to invest in - you'd have to invest in startups monetizing uncensorable permissionless payments. New gold appeals to gold bugs, investors & exposes a wider range of people to Bitcoin. /3
So clearly Bitcoin with geopolitically neutral free market money, new gold, both store of value and censor resistant payment, is more valuable and useful than payment alone (say denominated in Fiat for example, as digicash was envisaged). /4
Geopolitically neutral free market money is a force multiplying major addition, and gold is not good for payment as it can't be used electronically in bearer form, and even in person assay is not as simple as a Bitcoin smart phone wallet, paired to the users own assay fullnode /5
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