The instability of crypts, the use of fiat money that does not have gold coverage, does not have the security of the value of Bitcoin and other currencies.
We know that Nixon's predecessor, with two laws (from 1971 and 1974) made a fiat of money, a gold-free dollar, in this way they could print money without cover and deflation suppress inflation. This has led to the rich being richer, and that the middle layer of people becomes even poorer.
The value of a particular currency depends on its use. The US dollar is the first reserve currency in the world if Argentina were to give its dollar the first reserve currency in the world, then Argentina was a rich country.
Now the bitcoin is the first crypt of the world, everyone is trying to replace Bitcoin, insert their currencies and get rich. Stability of gold is not a perfect guarantee, I think they want to introduce a new dimension, especially those dealing with gold.Bitcoin has about 31 million users, its value grows because more and more people want to have it and work with it. If you take the benchmark that the value grows from demand, then you will see that Bitcoin itself and its investment in it is much more valuable and profitable than just gold.
We have two fiat money in use, one is paper and the other is revolutionary with the new blockchain technology that represents the future in data exchange, the speed of protocols and the way new industries work in the future.Bitcoin himself became the gold of the modern era. Excellent post @zer0hedge
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