Will Bitcoin Replace Gold as Store of Value?

[mimikri]

I think it's also like that that bitcoin will be able to replace gold to save the assets they have, because bitcoin has a speed of price increase.

No, man. It will not replace gold as unfortunately it can be damaged or even destroyed if something awful happens with the global net. But if no problem with electricity, then maybe. But gold must be also!

[Stavr1992]

Bitcoin will not replace gold, but will be no less valuable in the future, since its quantity is limited.  Bitcoin should be considered as a serious investment for long-term.

[kventin.upgrade]

Bitcoin will not replace gold, but will be no less valuable in the future, since its quantity is limited.  Bitcoin should be considered as a serious investment for long-term.

You need to be picky about any kind of investment. Investors win on the fact that they lose on 8 unsuccessful investment projects, and 2 successful ones pay off losses and bring good profits!

[Prime]

Bitcoin will not replace gold, but will be no less valuable in the future, since its quantity is limited.  Bitcoin should be considered as a serious investment for long-term.

Yes, it is unlikely to replace Gold. However, Bitcoin is a good investment, the value can rise more than what Gold can do. It can be considered for short or long term investment, both are possible. I have owned some, it looks good in its rising value.

[biel2947125]

i think is more safe u have 10 btc in a trezor than having 10 bar of gold in your house hahaha

[Senin]

No, I am sure that Bitcoin will never replace gold as a means of accumulating value. For this, it is too volatile and its price. Gold is suitable for this much more with its good price stability. However, even if Bitcoin had the same stability, gold still as a normal physical asset is more likely to remain a means of accumulating value than a digital Bitcoin.

[Octoalts]

Bitcoin and Gold both have value, but Bitcoin will never be able to replace the position of Gold because Bitcoin and Gold have their own fans.  Bitcoin is preferred by Modern people who will care about modern technological advancements, but Gold is used by many traditional people, who in this case lack respect for the presence of new technology, the important thing is that they have a lot of assets then it will  enough for them.

[Paglamon]

Now bitcoin has seen a lot of prices rise. Hopefully many more prices will increase. Lately
All companies are investing and trading bitcoin. Bitcoin's popularity in all sectors is increasing

[Dian]

I think it is difficult for bitcoin if it replaces gold as a store of value, gold is more stable and will not be abandoned. I prefer to think that both of them are the best store of value.

[Noverteno]

It is interesting, how can you even suppose that Bitcoin can replace gold as a means of preserving value if it has such a high price volatility? Today the price will rise, tomorrow will fall. How can one hope to preserve the value? Even if, after a while, it rises in price to $ 20–30,000, then it is possible that, as a result of the occurrence of panic, it may sharply drop again in price to several thousand or even. hundred dollars. Where then will his repository of value?

[Seerge]

Bitcoin and Gold both have the value of investing, and indeed Bitcoin has the potential to be higher and better than Gold, but Bitcoin will never replace Gold.  Because both of these are different, Bitcoin is a digital item that can only be accessed with the Internet while Gold is a real item, and besides having a Gold Investment value can also be used as jewelry.

[Alcor]

In our world, everything has its place. Gold as a repository of value already exists for several millennia and will continue to exist. Therefore, regardless of whether such new technologies will appear in our country, gold will always exist and fulfill its previous role. It should be remembered that high technology is also very vulnerable, we should not be completely dependent on new technologies. In the event of a global catastrophe without the possibility of transition to conventional and simple technologies, mankind simply can not survive.

[alltalk]

Gold is irreplaceable. There is no coin that can have the same characteristics as Gold and proven for many years. I agree that Bitcoin is very potential to keep and the value may increase year after year. But it doesn't mean having the same characteristics as Bitcoin. So, with the difference, I think Bitcoin won't replace Gold.

[mlawson71]

I agree completely. Gold is a physical object and both its physical properties and its rarity make it what it is. Bitcoin is a fantastic project, but it's not Gold and it will never be.

[Peter90]

3 Reasons Bitcoin Is Turning Into A Global Safe-Haven For Investors

1) Every fiat currency is devaluing itself on purpose

2) Bitcoin increasingly non-correlated with traditional markets

3) Bitcoin can provide asymmetric returns

https://www.zerohedge.com/news/2019-08-08/3-reasons-bitcoin-turning-global-safe-haven-investors

Actually these reasons are valid for gold too.
That shows the similarity between gold and Btc as safe heaven investments