Bitcoin was never acting like a monetary safe haven. It has always been acting like an emergent monetary good - volatility / price discovery as a network increases by orders of magnitude. It's as if gold-bugs think gold was magically not volatile when it emerged as monetary good.https://twitter.com/PeterSchiff/status/999317444580859904 …
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That may be so but this doesn't change the basic fundamentals of WHY gold over everything else. The WHY is due to natural law, physics, chemistry, crustal abundance, geology, whatever you want to call it. The measurement of volatility = the measurement of relative decay.
That physics is important because of the resulting secure supply curve, validation, storage, transport, etc. properties, not inherently. Bitcoin & its predecessor design bit gold were designed to improve those properties, and in most ways Bitcoin is a huge improvement over gold.
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I'd argue the quantities you mention are derivatives of the qualities enforced by Gold's physics. In other words, physics mandates gold be "money". As for last point, in your view, no natural element has been an improvement over gold? Why? and nothing else, until Bitcoin? Why?
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Actually, for everyday trust-minimized money for the non-filthy-rich, silver was an improvement over gold. Far more used for buying land, paying legal fines, etc. in the earliest written records than gold. (Second most common was copper, and for farmland transactions barley).
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Sure, just like Checks or Debit Cards or Litecoin or Venmo... but Silver was never valued by any meaningful group of humans at a ratio to gold which digressed from the ratio in nature.... 1/30- 1/60 AU to AG.
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Silver was valued by the Babylonians and Egyptians and most goods were priced in silver. There are stone tablets that show pharaohs declaring goods purchased and their price in silver.
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