Volatility is short term change in offer and demand. The fact the asset is held as reserve asset by many makes it less volatile over time. Monetary properties of gold and Bitcoin are very similar therefor makes it sound reserve asset.
Gold non-imaginery properties (aka. physical substance) is irrelevant from monetary point of view.
Re:El Salvador's Bitcoin Buys Tracker
by aaaaaaaaata on Tuesday June 14, 2022 @09:05AM
(#31738811)
Not as true for the US as perhaps you've been led to believe.
Stability? The fact that the IMF, US, EU and whoever will accept gold as collateral but wouldn't come anywhere close to a volatile imaginary "asset" like Bitcoin?