Will Bitcoin Replace Gold as Store of Value?

[dekafee79]

Bitcoin will never replace gold, nor is it capable of that. These are completely different financial assets and they may well exist together without replacing each other. Besides, the current high price of bitcoin is not a reason to compare it with gold. Bitcoin has a lot of price volatility. Even for this reason, it cannot be compared with such an eternal value as gold.

That's right mate, I agree with your opinion These are completely different financial assets and they may well exist together without replacing each other. I think Gold is most popular for investment, It is real assest. Bitcoin is digital asset., I don't think bitcoin will replace gold at the coming future. They are different thing. That's my opinion.

[Wedhus Balap]

To answer your statement, of course we have to be honest and see both of them thoroughly, including how to predict the future. If we pull back, gold investment was much earlier. And known as a progressive (although small) increase and tends to be stable. But let's look at Bitcoin, it's only been around a decade, and its journey has always been up and down, even though the potential for profit and loss is sharper than gold. So it takes study and even longer time to come to the conclusion that Bitcoin displaces Gold

[Mbah Jenggot]

~ I think Gold is most popular for investment, It is real assest. Bitcoin is digital asset., I don't think bitcoin will replace gold at the coming future. They are different thing. That's my opinion.

I agree with you bro, Bitcoin and gold are different. Gold is more popular than bitcoin. But Bitcoin is more profitable for investment,  Bitcoin will give you bigger profit than gold. But I don't think bitcoin will replace gold as store of value.

[Istiak]

I do not think they will replace each other but what they can do is they can co-exist with each other. Like when first we see world bank keep their reserve in gold and after that petro dollar came. But gold is also being used as a reserve fund. So they can co-exist with each other in time.

[mlawson71]

Good point. Why pick one when both can be profitable.

[Lorix]

There are doubts about whether Bitcoin will be able to replace gold in the future. Because the importance of gold is much higher all over the world. However, despite the fact that Bitcoin is popular all over the world, it is not very popular among the people. So the maximum amount of investment is on Gold.

[therozaq]

There are doubts about whether Bitcoin will be able to replace gold in the future. Because the importance of gold is much higher all over the world. However, despite the fact that Bitcoin is popular all over the world, it is not very popular among the people. So the maximum amount of investment is on Gold.

For now, you are right. But every thing can be happen at the coming future. Gold is most popular, many people used gold for their investment. But At the digital era, we will see crypto currency will be dominated. We will see.

[Malam90]

Bitcoin is a digital assets where Gold is physical assets. Both are different in nature. We need both type of assets (digital and physical) to cope with the present world even future world. No one is competitor of each. Both can be used as a savings of life.

[de_prof]

Bitcoin is a digital assets where Gold is physical assets. Both are different in nature. We need both type of assets (digital and physical) to cope with the present world even future world. No one is competitor of each. Both can be used as a savings of life.

Yes , I agree you No one is competitor of each. Both can be used as a savings of life. I think we should invest in both, It is more profitable. Bitcoin is suitable for trading and gold for long term assets. You can spread your investment.

[nakmantu99]

I personally don't think bitcoin will replace gold. Gold is physical asset and bitcoin is virtual. I think Both are different thing. Bitcoin is going strong and really good to get big profits now and gold is more stable assets. You can choose which investment do you want to choose.

[Freemind]

They cannot compete in the same segment, Bitcon is digital and Gold is physical. Each has its own market niche. Although both are a reserve of value (in my opinion) their function must be differentiated, their way of working and their demand. Bitcoin should grow much more than it grows these days to reach the capitalization of Gold.

[0t3p0t]

The definition of store of value is "an asset that maintains its value rather than depreciating" so it is clear enough that precious metals will stand out in this matter compared to Bitcoin which is volatile in nature. And for me it is not comparable since Bitcoin is a new form of digital currency and gold is some kind of commodity.

[Tanimariya]

Bitcoin will be more valuable than gold in the future. Bitcoin is growing in popularity and demand worldwide. Every country has Bitcoin users. Bitcoin transactions and investments are very successful. However, the current situation of Bitcoin is much better.

[UNIVERSE]

I think no if it is as the store of value. Bitcoin is a very promising investment, however, it is for long term investment. Sometimes, for a short-term investment, it is very risky and the price goes down from time to time. however, if it is reaching the bullish time, we can really know that Bitcoin is really amazing

[DAMKAR]

Bitcoin will be more valuable than gold in the future. Bitcoin is growing in popularity and demand worldwide. Every country has Bitcoin users. Bitcoin transactions and investments are very successful. However, the current situation of Bitcoin is much better.

I agree with your opinion, bitcoin will be more valuable than gold. But bitcoin will not replace gold as store of value. Gold is physical asset and more popular than bitcoin.  Both are different in nature, Bitcoin is digital asset.