Originally Posted by CAHEK

Bitcoins have no inherent value. Nothing whatsoever. Nada. Zip. Zilch. Deal with it.

Gold and silver have actual uses. Even if people stopped wearing jewellery (unlikely after a known 5,000 year history of its use) you can still use them for industrial processes and both have medical applications.

Fiat currencies are backed by countries. They have to use them, so they have no choice but to support them. No-one backs Bitcoins. It is as likely that everyone who uses them will have stopped by next year as not. The only fiat currency you might possibly say that of is the Euro.