Precious metals have been sought by humanity for ages because of their strong resistance to oxidization and fiat money is backed by governments. There is also a

Precious metals have been sought by humanity for ages because of their strong resistance to oxidization and fiat money is backed by governments. There is also a strong oversight on both of them by various organizations. These are the reasons why people are usually willing to pay for them. At the moment, I do not think major cryptocurrencies have any of those qualities. Though it could change if all major governments have a favorable view towards it. https://www.loc.gov/law/help/cryptocurrency/world-survey.php https://www.loc.gov/law/help/cryptocurrency/world-survey.php