Bitcoin Debate’s Defeated Bear: Digitized Gold ‘Only Type of Crypto That Can Succeed’

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False. Trust in the most valuable resource for money. Gold only is good because it has trust.
One day, cryptocurrencies will have trust, and gold-backed wouldn't be necessary.
In fact, dollar is not gold-backed, and have trust for more than 300 million people and for all the international markets.

Btc price will eventually stabilize in the future. For now it’s the Wild West baby.