Nah Bitcoin was never backed by gold. Just backed by time in...

Nah Bitcoin was never backed by gold.
Just backed by time in effect ha
The algorithm that supports its release, its immutability as a ledger n its scarcity is where the proponents argue its value.

There are gold backed coins now though, more n more the last year. Digix is one, perth mint has there own.. Melbourne soon to aswell.
The Islamic world is into em for Halal reasons (being a fixed asset) n also for storage/security sake like everyone else on that train.