When will Bitcoin catch up with Gold in capitalization?

[doc]

Well yeah the fact that gold is a centralized commodity and used as a currency by most if not all countries around the world, it will really give Bitcoin a hard time taking over on it's spot but I am sure it will be on the second slot on that list of top market capitalization. Bitcoin needs more adoption though big time investors are up into it right now but I cannot see and hear Bitcoin holders here in my remote place and on the otherhand gold holders are everywhere.

If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.

[KryptoBull]

If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.

I agree, Gold is truly superior to BTC in terms of history and popularity, however, we can also believe that everything can change in the future. Currently, young people are more interested in BTC than gold. BTC has a better price increase than Gold and is a much more attractive investment asset. I don't think BTC can replace Gold in the economy, but at least BTC has survived many challenges and is accepted in the US. It is really worth expecting that in 30-50 years, BTC cap can be equal to Gold cap.

[pawel7777]

I agree, Gold is truly superior to BTC in terms of history and popularity, however, we can also believe that everything can change in the future. Currently, young people are more interested in BTC than gold. BTC has a better price increase than Gold and is a much more attractive investment asset. I don't think BTC can replace Gold in the economy, but at least BTC has survived many challenges and is accepted in the US. It is really worth expecting that in 30-50 years, BTC cap can be equal to Gold cap.

I have nothing against gold, but holding physical gold is super inconvenient. Holding gold bars at home takes up space, requires some sort of safe box and increases risks of house invasion if you're not careful enough to keep it as secret (e.g. if your kids brag at school that daddy has gold bars hidden in his bedroom etc).
For an average person, it's also hard to determine gold's purity or whether certified bars wrapped in plastic packaging are genuine or fake. And it's not easy to move it abroad if needed.
Bitcoin doesn't have such problems, and it also has advantage of fixed issuance model. So, if people stop considering Bitcoin as a temporary fad and realise it's here to stay, I can easily envision it toppling gold in terms of market cap.

The major advantage of gold is its "intrinsic value" which is much overrated anyway.

[TopT3ns]

If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.

I agree, Gold is truly superior to BTC in terms of history and popularity, however, we can also believe that everything can change in the future. Currently, young people are more interested in BTC than gold. BTC has a better price increase than Gold and is a much more attractive investment asset. I don't think BTC can replace Gold in the economy, but at least BTC has survived many challenges and is accepted in the US. It is really worth expecting that in 30-50 years, BTC cap can be equal to Gold cap.

Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.

[KryptoBull]

I have nothing against gold, but holding physical gold is super inconvenient. Holding gold bars at home takes up space, requires some sort of safe box and increases risks of house invasion if you're not careful enough to keep it as secret (e.g. if your kids brag at school that daddy has gold bars hidden in his bedroom etc).
For an average person, it's also hard to determine gold's purity or whether certified bars wrapped in plastic packaging are genuine or fake. And it's not easy to move it abroad if needed.
Bitcoin doesn't have such problems, and it also has advantage of fixed issuance model. So, if people stop considering Bitcoin as a temporary fad and realise it's here to stay, I can easily envision it toppling gold in terms of market cap.

The major advantage of gold is its "intrinsic value" which is much overrated anyway.

What you said is correct about the advantages of BTC over Gold, and that is also one of the reasons why young people prefer to invest and hold BTC rather than Gold.

For Gold, most US investors prefer to buy spot Gold ETFs rather than buying physical gold and storing it themselves. This is different from the behavior of traditional investors in Asia, where Gold is seen as a favorite reserve asset. This is probably also happening with BTC, as US investors already have spot BTC ETFs to buy and sell more easily.

The journey for BTC cap to approach Gold cap will be very long, but we have taken the first very successful steps. I hope in the next few decades, BTC will have a market capitalization equal to Gold and both will be held by many countries around the world!

[Wiseman]

Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.

Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.

[Rubel007]

You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.

In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.

Bitcoin is the most preferred investment platform for investors in the modern era. People around the world have had a distinct desire for gold since ancient times. But that hope is gradually diminishing. People have been able to understand the difference between Gold and Bitcoin. In 15 years, Bitcoin has created a significant position for the world. Although the market value of gold is very high, the position that Bitcoin has risen to in a short period of time is no less. Currently the gold market is around 14 trillion while Bitcoin is only 1.4 trillion. However, the amount of capital in this market will change significantly in the next 12 years. Bitcoin will surely become a highly valuable asset than gold.

[rizqillah]

Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.

Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.

If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.

[Wiseman]

Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.

Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.

If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.

Everyone abandoned physical gold a long time ago in the form of gold coins, and for half a century gold has been used only in the form of jewelry and few people use it to save money, and Bitcoin is a completely different asset that is currently being invested in order to earn money

[MRY]

Everyone abandoned physical gold a long time ago in the form of gold coins, and for half a century gold has been used only in the form of jewelry and few people use it to save money, and Bitcoin is a completely different asset that is currently being invested in order to earn money

Exactly, gold is currently only used for savings and is not used for making transactions anymore, but for those who have gold in the form of whole bars, it will be more valuable than gold in coin or smaller form. Currently we are in the digital era which provides technological advances to store assets in digital form and there is no need to use gold anymore because everyone makes transactions using digital currencies such as Bitcoin. So far, we don't know how much gold supply is still buried on earth, so if all the gold on earth is found, will the price still be as expensive as it is now? I doubt it because the gold supply is still unlimited.

[Jamal Aezaz]

If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.

Bitcoin is also popular but gold is more because of the timing of existence and I think people focus on physical assets more than an online investment so that's why gold is more popular.

Modern age people are changing their way through which they earn and they are accepting new technologies because they think that new things elevated more quickly as compared to the old one. But others will have different views as nervous system of everyone is unique.

[Wiseman]

Everyone abandoned physical gold a long time ago in the form of gold coins, and for half a century gold has been used only in the form of jewelry and few people use it to save money, and Bitcoin is a completely different asset that is currently being invested in order to earn money

Exactly, gold is currently only used for savings and is not used for making transactions anymore, but for those who have gold in the form of whole bars, it will be more valuable than gold in coin or smaller form. Currently we are in the digital era which provides technological advances to store assets in digital form and there is no need to use gold anymore because everyone makes transactions using digital currencies such as Bitcoin. So far, we don't know how much gold supply is still buried on earth, so if all the gold on earth is found, will the price still be as expensive as it is now? I doubt it because the gold supply is still unlimited.

gold is not used only for saving gold. It is a very good semiconductor. And if he doesn’t say that it is practically the best but also the most expensive today, so gold has always become a little more expensive, but if they find a much cheaper and much better semiconductor for making circuit boards, then I am sure that gold will depreciate in value I have never bought it and I am not going to invest in Bitcoin and earn 1000% on it rather than buy gold and see the growth that inflation shows.

[0t3p0t]

Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.

Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.

Yeah Bitcoin has an edge on that perspective just to be honest and gold on the otherhand has an edge to industrial sector. Bitcoin is future proof when it comes to being a currency or investment no doubt about that.

[Google+]

If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.

It's true, as the years go by, technology will develop and everything will become completely digital, all the transactions you make will no longer use paper money so it will be environmentally friendly because you don't need paper anymore. Cryptocurrency can be said to be the main pioneer in creating digital transactions that are safer, faster and easier to use.

[legend45]

If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.

It's true, as the years go by, technology will develop and everything will become completely digital, all the transactions you make will no longer use paper money so it will be environmentally friendly because you don't need paper anymore. Cryptocurrency can be said to be the main pioneer in creating digital transactions that are safer, faster and easier to use.

You are both right, we have entered the digital era, even though the government has not yet fully accepted digital currency technology. We don't always use FIAT money, maybe it will change to digital currency in the future. Let's just wait.