Will Bitcoin replace Gold someday?

[Vietchong]

In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.

Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? 

[TomPluz]

There is actually no point of Bitcoin replacing gold as they are all different assets and can be able to co-exist in the marketplace. There are use of gold that Bitcoin can't do and vice versa. Why do you think gold is rising right now if its future is perceived to be doomed because of Bitcoin? These two assets are to increase their value due to demand and known many uses and benefits.

[ShadowCrypto]

It's already replacing, more valuable and reaching highs faster than gold nowadays, it's better to buy BTC than Gold today and the possibilities of profit will be higher too

[KKH84]

I think Bitcoin will never replace gold, this is a different investment, friends.  History has proven that technology can be destroyed, as well as blockchain technology. whereas gold is an asset that belongs to our earth and cannot be destroyed before this world ends.

Sorry if my answer is a little out of discussion.

[Quart]

I doubt if Gold will replace Gold totally since it is impossible in my opinion. I think Bitcoin is only the alternative or another option for payment tool. As Bitcoin is only used in digital world, not in real life, it will be difficult to have a single currency like Bitcoin.

[Ganesa99]

If Bitcoin reaches a large enough scale and is widely accepted as a viable alternative to gold, silver, or the national currency as a store of value, the cryptocurrency will have a bright future. . If not, it will go to zero. The same goes for many other cryptocurrencies, and hundreds of them have collapsed and burned.

[Calantha]

It's still very difficult to see Bitcoin and cryptocurrencies alongside the mountain of gold. One can see a relative shortage of silver, but while modern miners are mining 10 times more silver per year than gold, gold is almost 90 times worth.

[TERMINO]

No it will not happen.  although there are few similarities between them gold still differ from bitcoin. Bitcoin focus in codes and algorithms while gold focus on treasure and always minable in different places. Gold is actual, bitcoin is binary code in cashless society.

[Astra]

Of course, neither Bitcoin nor any other decentralized cryptocurrency will ever replace gold. There will always be a need for gold as a store of value, payment. Not everyone will accept digital currencies. They are, after all, more based on trust than physical value.

[Lillian]

If Bitcoin reaches a large enough scale and is widely accepted as a viable alternative to gold, silver, or the national currency as a store of value, the cryptocurrency will have a bright future. . If not, it will go to zero. The same goes for many other cryptocurrencies, and hundreds of them have collapsed and burned

[KryptoBull]

I hope this happens soon, because according to research, the cost of creating BTC is cheaper than gold in terms of the same value. The workers and the environment are also not exposed to the same high risk as gold mining.
And as the story of a few months ago, the 2B USD worth of gold in the reserves of a fund in China is fake gold, BTC cannot be forged or manipulated.
Obviously BTC is better than gold, and even better if the mining energy problem is solved.

[CharlieKyle]

Neither Bitcoin nor the crypto market can get anywhere close to the multimillion dollar worth of gold, bonds and stocks. Investors are looking for stable and better assets to put their money in any of the three larger asset classes Bitcoin, not to mention alternatives like real estate or owning a business. only me.

[Astra]

I hope this happens soon, because according to research, the cost of creating BTC is cheaper than gold in terms of the same value. The workers and the environment are also not exposed to the same high risk as gold mining.
And as the story of a few months ago, the 2B USD worth of gold in the reserves of a fund in China is fake gold, BTC cannot be forged or manipulated.
Obviously BTC is better than gold, and even better if the mining energy problem is solved.

It's not about the cost of mining gold and bitcoins. First of all, it is a matter of public confidence. Decentralized cryptocurrency is still used and intend to use a relatively small percentage of society. At the same time, even if they use cryptocurrency, they will use both fiat and gold in parallel. A significant part of the world's population will never give up gold as a measure of value and a means of payment. Therefore, Bitcoin will never replace gold. You can only count on the circulation of bitcoin and other cryptocurrencies along with gold.

[MrSpasybo]

I think in the future BTC can completely replace gold in the matter of hoarding or trading with great value.
According to a previous study, the cost of mining gold is greater than mining BTC, and also more dangerous to the environment & human health/life than BTC.
However, in order for BTC to achieve such widespread acceptance, the crypto community needs to act harder and harder to change the perception of 7 billion people about BTC & cryptocurrencies.

[Michael.sol]

I never assume that gold is replaced by bitcoin or any other Crypto currency . But we can say Bitcoin is most popular as well alternative coin of gold .
Still their is alot of invester who continuous work with gold , but trend for bitcoin also increase day by day .
I never work with gold because I think this is still profitable  if I work with bitcoin.