Bitcoin might be a scale of country's wealth

[Quantum X]

We all know gold in the ancient time after it was discovered it became part of the greatest wealth of a kingdom and the treasures that all invaders longed for. Gold is also the best offering in human history as far as treasures is concern (I'm sure even today). There's nothing we can ever imagine as dominant and as popular than gold. Until ten years ago bitcoin was born and no one thought it would be in great value the first time it is introduced to the world except the believers.

Now in just 10 years 1 bitcoin can make someone rich who is living in the third world. Bitcoin market current capitalization is at $227 billion, while gold is 40 times bigger which currently is about $9 trillion. The highest gap is too obvious but of course this is just natural since gold has been in the market long before bitcoin is created.

Though the gap market capitalization of gold is high, we can see that bitcoin bears too much potential to reach the current market cap of gold. It is the first ever currency yet digital that holds an endless opportunity in the market the very unique thing we can compare to gold and might be a scale of a country's wealth in the future.

What do you think?

[TomPluz]

Well, I don't see the point of actually comparing gold and Bitcoin side by side. Today, we are already away from the gold standard so that most countries are not anymore basing the value of their currencies to the gold they are holding, though there seems to be a movement to get back into that standard probably to experience again the known stability and safe haven provided by gold.

Gold is gold no matter how we may like or dislike it...this is something physical and there are many uses of gold that a digital one can not do. Now, the same thing with cryptocurrency there are advantages and benefits that gold can not offer. These are two are good assets to invest with, though Bitcoin is known to be volatile (and we are experiencing it now with its upswing movements) while gold is more of a steady type and because of this the return on investment can never be that so high.

Right now, gold is not the world currency so is Bitcoin. And it can be taking a lot of time and circumstances before anything can be replacing the might (though depleting) of the USA Dollar. The future is something we can never know though we can speculate and even wish. Let's watch on what can and will be...and that can be an exciting thing.

[Tnoy30]

We all know a lot more about gold. Because gola is a known and popular metal all over the world. There is no risk in investing in gold. Users around the world do not invest much in gold. Because the amount of profit in gold is much less.

However, it is possible to make a lot more profit by investing in Bitcoin. Investing in Bitcoin has a high level of risk. However, even if there is a risk, the amount of profit is higher. Currently people are interested in investing on bitcoin.

[gotbounty]

By looking at the enormous development of Bitcoin, I am sure that this Bitcoin will indeed be able to compete with the circulation of gold one day. Where people are starting to get to know technology well. So in the end you will prefer to invest in a more contemporary one, namely investing in Bitcoin.

[flyaccount]

I see that currently there are still many people who believe in gold more than Bitcoin. However, slowly I think a lot of people will soon be moving into Bitcoin. Especially after seeing that Bitcoin can make someone rich in an instant.

[Cristiano]

I see that currently there are still many people who believe in gold more than Bitcoin. However, slowly I think a lot of people will soon be moving into Bitcoin. Especially after seeing that Bitcoin can make someone rich in an instant.

I totally agree with you.  There are still a lot of people who believe in gold to take bitcoin. I think in the next few days, the members who believe in gold will believe in bitcoin very soon.  And what will put more risk towards Bitcoin

[Coin63@]

Bitcoin is a popular cryptocurrency in the world cryptocurrencies platforms. Many countries are accepting bitcoin as their transactions systems and banking system. Many countries considering cryptocurrencies as their countries assets and wealth.

[Fenix]

I see that currently there are still many people who believe in gold more than Bitcoin. However, slowly I think a lot of people will soon be moving into Bitcoin. Especially after seeing that Bitcoin can make someone rich in an instant.

Bitcoin can still very quickly enrich, and maybe deprive of money, since it has very high price volatility.  So far, the risk is not very high, since its price increases from year to year.  But after all, its price growth will end someday.  What will happen then, one can only guess.  And gold will always have its high value.
 The idea of ​​measuring a country's wealth by the number of bitcoins of its citizens is hardly feasible.  Most bitcoin holders will always keep the amount of bitcoin they hold secret.

[jakasantosa]

Maybe for now Bitcoin is the Gold in Cryptocurrency. because currency is very popular in the crypto world and is the most valuable asset. With so many holders of bitcoin assets, trading on the crypto market is automatically busy with demand and sales.

[Quantum X]

~Gold is gold no matter how we may like or dislike it...this is something physical and there are many uses of gold that a digital one can not do. Now, the same thing with cryptocurrency there are advantages and benefits that gold can not offer.

You are right, indeed. But since the world is changing and digital system becoming the trends nowadays, then this might be the first big advantage of bitcoin over gold.

These are two are good assets to invest with, though Bitcoin is known to be volatile (and we are experiencing it now with its upswing movements) while gold is more of a steady type and because of this the return on investment can never be that so high.

I agree that gold and bitcoin are God asset to invest with. Although bitcoin is volatile many investors are already knowledgeable when it comes to reading the movement and the perfect time to invest. Thus, the risk is being neglected because of the possible high profit than gold. This might be the second advantage of bitcoin.

[Psycho]

Bitcoin is a popular cryptocurrency in the world cryptocurrencies platforms. Many countries are accepting bitcoin as their transactions systems and banking system. Many countries considering cryptocurrencies as their countries assets and wealth.

I agree with you that Bitcoin is a popular cryptocurrency among cryptocurrency platforms. The price of Bitcoin is increasing day by day and its popularity is increasing day by day.  Bitcoin is called the king of cryptocurrencies.

[tor]

It is possible that in the future, different countries will use bitcoins as well as gold as reserves of the country's wealth

[Crypto Guard]

The increase that occurred in Bitcoin did show that Bitcoin was on the scale of an increase in other coins. Because I noticed that altcoins will increase along with the increase in Bitcoin. And it seems that Bitcoin is starting to be glanced at by various countries and is likely to be inaugurated soon.

[Cristiano]

It is possible that in the future, different countries will use bitcoins as well as gold as reserves of the country's wealth

You are right to say that in the future you will prefer Bitcoin over gold. As Bitcoin's popularity continues to grow day by day, it is hoped that Bitcoin will reach its destination.  Bitcoin will one day take the place of gold.

[nakmantu99]

Maybe for now Bitcoin is the Gold in Cryptocurrency. because currency is very popular in the crypto world and is the most valuable asset. With so many holders of bitcoin assets, trading on the crypto market is automatically busy with demand and sales.

Yes I think It is true. Bitcoin is good of crypto currency. Bitcoin is worthing for Short term investment and daily trading now. I have used this coin for daily trading and have gotten profit from it. Let's do it mate