Money has flown into bitcoin at an unprecedented rate. This money should eventually find its way onto gold, since gold is the ultimate traditional safe haven. But its not as easy to store as bitcoin. Nothing says "stability" more to the average american than outsourcing your data (including your digital money) to the privately operated cloud. Bit coin is the equivalent of a tulip right now, and I view it with suspicion, however, if its marketed well enough and becomes digitally secure enough, there's an outside chance that it will have some real staying power.
But it's clear that the extreme wealth gold bugs wanted did not come our way, but rather came to bitcoin. If bitcoin stays, and is viewed as ultra "secure", fundamentals as we understand them will defy logic for an unforseeable amount of time.
http://www.forbes.com/sites/markhendrickson/2013/12/13/the-digital-currency-sideshow-are-bitcoins-really-worth-anything/
