I agree, Bitcoin is showing us how fast a non-fiat currency can move higher if not manipulated by government intervention. Let's face it, as was discussed in the article the main reasons for different types of currency is the functionality of the currency.
Bitcoin has it's advantages by being digital and as I see it money on credit, but by the same token digital money IMO is not secure like physical PM's you have in your possession. Most fiat is universally accepted, but you might have issues spending Bitcoin or even PM's currently in larger denominations universally.
The bigger issue for Bitcoin or even gold for that matter is how affordable will it be to the average consumer at some point in the future if fiat collapses? How many average consumers will be able to buy Bitcoin at $5000 each or gold at $3500/oz.?
My guess is not many. That's why IMO silver is going to be the biggest beneficiary of a fiat collapse. I think silver is the poor man's gold and most likely would be the currency of choice for the everyday people.
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