there are some people consider Bitcoin is digital gold. because of its mining system and limited stock. So do you think the concept of bitcoin refers to Gold? because gold has a stable value throughout the world. if true. then the country that uses the first stable coin is arabic, with its dinar and dirham. and perfected by bitcoin with computer networks and the internet. What's your opinion.?
In my opinion gold is nothing but a metal with special properties. It can be used for jewelry and electronic chips if I remember good, but I wouldn't put to much trust in it in the eventuality of a worldwide crisis & I wouldn't say it has a "stable value". It has days when it has 3-5% price swings. A stable currency should be one which pretty much hovers about the same value and raises in time due to inflation. In conclusion I don't look at GOLD as a hedge for when the market turmoils. Bitcoin on the other hand should shouldn't be influenced by political and economical events in the world as it is supposed to be a decentralized currency. However Bitcoin still lacks the necessary adoption and usage, but slowly we're getting there.