Lol. Mr Anabolic. I know you believe in gold right? Gold is backed by nothing. It’s price is determined entirely by supply and demand. For the new generation they find it make much more sense to use a currency backed by mathematics and binary code, accessible at an instant on their phones, rather than to use lumps of a metal taken from out of the ground which to them seems entirely outmoded and harks back to primitive caveman times (shells, feathers, rocks etc). They also have lost trust in Governments and central banks who they see as being able to “steal” from them, both by endless money printing and via taxes. Hence they are moving to bitcoin. Mathematically limited and certain. Cannot be traced. Cannot be stolen or devalued.
It’s a really a quite revolutionary time!
I’ll reply to one of your earlier posts a little later. But I see you have done a little research and this is all part of an “old school” investor getting there. As I wrote earlier you will be buying, as you start to work it out. Indeed if btc fell sharply, I’m pretty sure you would buy a little. Go on and admit it 
Well, that's not true. There is a price to mine and refine the metal...a rarity in the earth's crust and the cost to secure land rights to do so...and unlike crypto there is a tangible thing in your hand after that mining action. Crypto is mined...money spent on electricity sure, but the thing in your hand is not there. That is the leap of faith that some of us can't make. Plenty of things have had work put into them and money spent on them and people who thought they had value for a period of time....but time is the equalizer. Will there be staying power? Will the sign at the gas station in 10 years say dollars or Bitcoins?
Now, maybe they can conduct alchemy at CERN...and maybe there is small cold fusion energy generation that exists in secret. That would be a reason to change from gold and silver and the petrodollar quickly.
