It is hard to beat land and steel (iron) for utility value. Bitcoin is very similar to gold in that it is portable, fungible, difficult to counterfeit, resistant to destruction, and - most importantly - has controlled scarcity. Gold and other precious metals do have industrial use, but that use is very narrow and mostly limited to high technology. Unlike steel, gold has little inherent value; it just has all of the properties that make it useful as currency.

Bitcoin seed phrases allow people to store and retrieve any amount of money, from one cent to hundreds of billions of dollars, with just 12 words. The words can be split up, encrypted, hidden, memorized, etc. This is conceptually similar to escaping a war-torn area hundreds of years ago with your gold in your pockets. The advantage of seed phrases is that they can be stored in your mind, which makes them difficult to detect or steal.