Will Bitcoin replace Gold someday?

[mahid]

As the world turns more digital, crypto's pioneer asset Bitcoin could take on gold's store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm.I see Bitcoin replacing gold as the hardest money for savers with long time horizons," CEO Mike Alfred told Cointelegraph. "Young people are far more interested in Bitcoin in a world where the economy becomes increasingly online and virtual," he added. So in my perspective It can be replace of gold.

[Lorix]

Bitcoin is precious and Bitcoin is considered the successor to gold. There is no doubt that Bitcoin can replace gold. Where gold is in our world and where Bitcoin is now. So I think with Bitcoin people can exchange digital items or exchange digital currency. It is a new discovery in our world. This is a new invention in technology. So the biggest and biggest member of the blockchain is Bitcoin. Bitcoin is one of the best digital currencies. Bitcoin has become the safest and most resourceful of digital currencies. People have been able to think for a long time that Bitcoin will be a valuable currency for them in the future. So people are ready to invest. But the current people do not want to buy gold. People are becoming more and more important as transactions with various cryptocurrency currencies become more widespread and demand in the commercial field increases.

[Altcoin1998$]

Bitcoin is certainly valuable but not like gold. Bitcoin would be worth listening to if different countries around the world regarded it as a universal currency. Bitcoin has no specific criteria, it fluctuates with liquidity, but the demand for gold is becoming a valuable mineral in many countries around the world. Moreover, if the central bank uses Bitcoin in their transactions, then Bitcoin will one day be more valuable than gold.

[franch]

I think Bitcoin can beat gold right now. Many people turned to bitcoin from investing in gold. Because really in terms of profit, of course it would be better to invest in bitcoin. Because gold price movements are also very slow. Although the value of the investment in gold continues to increase. However, we cannot make more than one profit in a short time. The only one who can do this is bitcoin and it is currently heading towards the top.

[Methos]

Bitcoin and gold have different function and role in market, replacing is not a right term for me, you can use bitcoin to buy gold and use gold to buy bitcoin they can be use in that same manner.

[bigcash2011]

Just wait for the next peak of bitcoin which can be achieved in the first half of 2021 and then you will see everyone rushing to bitcoin and crypto and gold will become a lavk lustre investment, i do not know why people cannot see the potential and jump in when prices are low.

[Tanimariya]

Bitcoin will never be able to replace gold. But again gold will never be able to replace Bitcoin. However, different people have different comments on this issue. I think they will improve a lot from the position of gold and bitcoin. However, most people are more interested in buying bitcoin or holding bitcoin instead of time. So just as gold is known worldwide, Bitcoin is becoming more and more known. The motions of the earth are worth gold. Bitcoin also has a lot of recognition and popularity.

[UNIVERSE]

No, it is different. Gold is a stock that is always included the worth. I personally love BTC and also Gold. They may be a very worthy investment, especially for the long term. However, they need to be themselves where they cannot replace each other. rather than replacing each other, I think that it is better they focus on their pricing and rate

[Pheonyx]

I don't think so. It is true bitcoin is really gaining much attention of the world and investors are coming as it shown in the survey but gold is a product that the value will never lost so I unlike bitcoin that is why it's hard to believe that.

[Gurujebs]

Bitcoin was created to be an asset with an intrinsic value and transferred value between two or more people. Bitcoin is limited with a total supply of 21 million that will be ever created as a digital currency. You see why we cannot compare gold and Bitcoin?
Bitcoin was created the last 10 year and today, the price has outperformed gold that has been existence.
I will hold Bitcoin any time, any where any place.

[ayatoslaw]

Bitcoin was created to be an asset with an intrinsic value and transferred value between two or more people. Bitcoin is limited with a total supply of 21 million that will be ever created as a digital currency. You see why we cannot compare gold and Bitcoin?

In some aspects Bitcoin and Gold are actually the same, but on the other hand Bitcoin and Gold are very different.
The price of bitcoin is purely formed due to market demand, while gold is very different, the price of gold tends to rise because it is scarce and difficult to mine, and not everyone can afford to mine gold.

[Crypto Guard]

For bitcoin investors, maybe now bitcoin is able to replace gold. even many crypto players think bitcoin is better than gold. Because it will be faster to benefit from bitcoin than gold.

[jakasantosa]

Maybe yes and maybe no. It can be a substitute for people who are familiar with bitcoin and explore the pros and cons of bitcoin investment because we know for bitcoin investment we need supporting equipment, especially internet access. But for people who are not familiar with bitcoin, they will prefer investing in gold because they don't need equipment and internet access, especially, just by going to the local market so we can buy and sell gold.
Therefore, in my opinion, bitcoin replacing gold maybe can or may not happen.

[Raboni]

No. Bitcoin is digital investment intangible asset. Gold is a natural resources that tangible. Gold mining industry will remain due to human affliction of Gold jewelries. We cannot wear Bitcoin. Bitcoin and Gold will remain as long as human race is alive.

[expander]

I think this will very likely happen. Where technology is increasingly sophisticated, and many people are getting smarter in investing. of course, traditional methods such as investing in gold will begin to be abandoned and switch to online investments such as bitcoin.