Will Bitcoin Replace Gold as Store of Value?

[Marby]

I see the direction is indeed there. In this digital era, investments are less attractive when compared with cryptorurrency investments, especially bitcoin.bitcoin seems to spoil the investors who hold it.

[Fenix]

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?

This is, of course, a good question and always remains unanswered.  The high price volatility of cryptocurrency will always be a big obstacle to its use as a store of value, that is, digital gold.  While bitcoin as a whole is growing in price, this can still be discussed.  However, sooner or later, this growth will stop, and high price volatility will remain.  Therefore, I am not inclined to think of Bitcoin as digital gold.  Gold has always been valued for its price stability.

[jamieduffy]

At the moment, many people don't trust cryptocurrency. Mainly because they do not know what it is, so this is not possible yet ...

[Quantum X]

Per SCMP, a team of scientists at the Dalian Institute of Chemical Physics at the Chinese Academy of Sciences in Liaoning have developed a method to turn cheap, plentiful copper into a substance that is “almost identical” to gold, accomplishing what alchemists have for hundreds of years believed could be a gateway to endless riches.

This is one of the best I've ever heard and very surprising. Who would think that this is possible and yet curiosity from this people who never relied their limitation discovered unusual way that leads to unlimited riches.

[vaysar]

At the moment, it can be argued that even now bitcoin is opposing gold as a store of value, and the potential for profitability makes us forget that bitcoin has no official issuer. For now, these two assets will go side by side, but ultimately Bitcoin will win.

[AllSii]

Always when investing, there will be those who adhere to the traditional views of preserving their capital and they will choose gold for this. But the younger generation will choose bitcoin for this.

[Blaze]

bitcoin can never replace gold because these two platforms are very different and of course that is what makes bitcoin never able, it's just that to beat the price of gold, bitcoin still has potential.

[cryptopediabd]

Dude I agree that Bitcoin can never supplant gold with it. These are totally distinctive resources that are not comparable with each other. Gold is stable & btc is high risky profitable platform.

[syedrasool2011]

Bitcoin can do that but bitcoin can do any think in future .

[EthereumDev_]

I think it is impossible because until now there are still many people who choose gold as a future saving asset because it has a physical nature and can be stored directly in our hands.

[masudginanjar]

I can't convince myself to reply to posts from this thread because now Bitcoin prices are very different from Gold.
But for the Gold capitalist problem, it is very far from the Bitcoin market.

Maybe it's better for both of these to have, so maybe 50% for gold and 50% for Bitcoin and this will be more promising for all of us.

[densus88]

I can't convince myself to reply to posts from this thread because now Bitcoin prices are very different from Gold.
But for the Gold capitalist problem, it is very far from the Bitcoin market.

Maybe it's better for both of these to have, so maybe 50% for gold and 50% for Bitcoin and this will be more promising for all of us.

I agree mate, If we have free money, It is better to spread at gold and bitcoin. Gold is more stable . Bitcoin is more profitable ,but more risky. I don't think bitcoin can replace gold as store of value at the few years again. Maybe when digital era come , It could happen.

[syedrasool2011]

Bitcoin is better then every thing bro btc is best soon it will legal all over the world.

[msz900]

I agree mate, If we have free money, It is better to spread at gold and bitcoin. Gold is more stable . Bitcoin is more profitable ,but more risky. I don't think bitcoin can replace gold as store of value at the few years again. Maybe when digital era come , It could happen.

Investing in Bitcoin ad Gold returns good profit but the Risk in Bitcoin is more as compared to Gold because Gold has a low price but Bitcoin is almost $27,000 so there is a huge difference in the price.

[Sterling]

I think gold is still important to every country in the world because it will make their country more stable when world war happens.
Investing in bitcoin makes transactions easy, rapidly increasing asset values
you should consider carefully before deciding to invest