Maybe better than a collapsing currency managed by a collapsing government, but hardly an ideal storage vehicle. Much too volatile.
"First Bitcoin Hedge Fund Launches From Malta
Current assets under management in the Bitcoin Fund are $3.2 million (2.5€ million) and there is no performance-based fee. However, the fund charges an annual management fee o.5% of Net Share Value payable monthly in order to provide the sophisticated security and wallet management that one would expect with such large amounts at stake"
http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitc...
Draw the trend line and see the variance of 2-day average around that trend. The volatility is silly compared to how much you can gain if you invest early.
When stuff like that happens, some may freak out and sell their BTC. Speculators who still believe, will do the same and then buy at a lower price, recovering the market price. If the problem is fixed, in 24 hours no one will notice the difference. Luckily, Bitcoin is getting more and more decentralized and stable as more people are involved in development and more money is at stake. This motivates everyone to protect the system and act quick to fix the issues.
See more on incidents: https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposu...