“Except cryptocurrency is nothing like a “gold standard” because a gold standard is, well, backed by physical gold. Cryptocurrency like bitcoin is backed by, well, nothing-nada-zilch.”
True, it has no real backing, but it is similar to gold in the fact that cryptocurrencies have a built-in rarity and cannot simply be cranked out in great amounts like fiat currency. In fact, gold production can be ramped up much easier than cryptocurrency production, once a certain plateau is reached.
Relatable in production philosophy doesn’t make them similar overall or the same in any way. I can still go to my safe or a lock box & hold gold coins, or gold flake, or bullion. Cryptocurrency is vapor & on top of that it’s ridiculoysly hard & mildly complicated to purchase things with cryptocurrency (something you can’t do in person, without computers).