Will Bitcoin replace Gold someday?

[Chita76]

I think Gold will remain an investment asset for everyone who is not familiar with Bitcoin. If Bitcoin can replace gold, there will be many negative effects, for example for a company that is currently a company whose main function is gold metal miners will stop operating and even gold craftsmen will not make gold crafts. And the most important thing for reality is there any of bitcoin craftsmen?

Bitcoin can never replace gold. Can anyone imagine that people will give up gold and gold jewelry in order to have numbers and signs with a certain amount of bitcoin in their virtual wallet? And if it rises several times and then drops in price? No, gold has existed and will continue to exist as a measure of value, a store of value and a means of payment. It's too early for Bitcoin to match it. Ten years of its existence versus millennia of gold existence is nothing.

Yes sir you are right I agree with you.  Because the opinion you have given about Bitcoin is certainly reasonable.  So please let us know if you have any more updated information.

[Centus]

Bitcoin cannot replace gold. In other words, the price in the cryptocurrency market is much higher. Bitcoin is becoming one of the most popular cryptocurrencies worldwide. Bitcoin can be used against money in the future. Different trading companies use Bitcoin for financial transactions. So I think Bitcoin could be valuable in the future. But it will never be able to replace gold.

[Papa Bear]

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? 

 There is without a doubt no factor of Bitcoin changing gold as they may be all exceptional belongings and may be capable of co-exist within side the marketplace. There are use of gold that Bitcoin can not do and vice versa. Why do you suspect gold is growing proper now if its destiny is seemed to be boomed due to Bitcoin? These  assets are to boom their price because of demand for and regarded many use cases of and benefits.

[elbans89]

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? 

Yes, I think It will happen at the coming future. Bitcoin will replace gold someday at the coming future.
Many big investors already bought more bitcoin and bitcoin has high demand now.
I think bitcoin will have bright future, as many people prediction.
Bitcoin is more valuable and more profitable to invest than gold.

[vaysar]

No one can know for sure. But if you calculate the cost of mining gold and bitcoin, then I vote for BTC. If we compare the cost of storing and transporting gold and bitcoin, then I am on the side of BTC and if we are fighting to save money, then the choice is obvious, it just takes time for everyone to get used to it.

[hasyurt]

Isn't bitcoin more valuable than gold right now?
The day will come and bitcoin, the king of cryptocurrencies, will take over the role of gold in central banks. This is not so far away. There's a chance it might be in 10 years. Now most countries and people know what crypto is, what a coin is. I think those days are not far away.

[CryptoStar19]

Isn't bitcoin more valuable than gold right now?
The day will come and bitcoin, the king of cryptocurrencies, will take over the role of gold in central banks. This is not so far away. There's a chance it might be in 10 years. Now most countries and people know what crypto is, what a coin is. I think those days are not far away.

Value of gold by market capitalization is roughly 10 times that of bitcoin at the moment. That being said, to me it's just a matter of time before the market cap of bitcoin will reach, and then exceed, that of gold.

[Doctor]

No one can know for sure. But if you calculate the cost of mining gold and bitcoin, then I vote for BTC. If we compare the cost of storing and transporting gold and bitcoin, then I am on the side of BTC and if we are fighting to save money, then the choice is obvious, it just takes time for everyone to get used to it.

If you compare the cost of mining , I think bitcoin is cheaper.
But gold is more stable.
I think you can buy bitcoin when dip now than gold.
Bitcoin has been predicted will more valuable and touch new ATH again at this year.
I have done it, buy more bitcoin and hold it.

[Mbah Jenggot]

Bitcoin is  digital asset and gold is physical assets.
I think they are different thing. But if you asked will bitcoin replace Gold someday.
Yes, It can. Anything can happen at market.
Maybe for now, bitcoin and other crypto isnt popular as gold, because bitcoin has many negative issue, has been blocked at several countries.
But I think thats just matter of time.
I believe bitcoin will have bright future soon.

[kulkhan]

No i dont think there has any compitator with Bitcoin. Gold is stable but bitcoin is flaccid currency. Gold is not decentralised but on the Otherhand Bitcoin is decentralised. Bitcoin quantity is limited but Gold is unlimited. So it price never will big pump. But bitcoin is limited and it’s demand is increasing day by day so bitcoin price will big pump there has no doubt.

[xeroz]

Replacing gold is impossible. Although BTC can really pass more things in the market cap and BTC can reach the top 2 or top one, it doesn't mean that BTC can replace gold. Gold is something real and this is very valuable. BUt BTC is digitalization, so we may not meet it well

[damsix]

It is very difficult for Bitcoin to replace Bitcoin because Bitcoin is a digital asset and gold is a real asset that can be seen physically and seen by the eyes as well as by all human beings.
But in cryptocurrencies, of course there are surprises and it is certain that gold one day can surprise the gold market cap and this is very likely to happen.

[neocrypto90]

Gold is gold, and Bitcoin is Bitcoin, I support Bitcoin since 2016, but I think gold will remain important. Why do people always say that Bitcoin is gold, bitcoin is silver, bitcoin is the new store of value... etc Bitcoin is Bitcoin guys...

[Noverteno]

Isn't bitcoin more valuable than gold right now?
The day will come and bitcoin, the king of cryptocurrencies, will take over the role of gold in central banks. This is not so far away. There's a chance it might be in 10 years. Now most countries and people know what crypto is, what a coin is. I think those days are not far away.

Value of gold by market capitalization is roughly 10 times that of bitcoin at the moment. That being said, to me it's just a matter of time before the market cap of bitcoin will reach, and then exceed, that of gold.

I don't think this will happen. Bitcoin will not continue to rise in value. In this material world, everything has its limit. Housing, food, clothing and other material objects of our world cannot depreciate so much in comparison with virtual values. Therefore, I have a big doubt that bitcoin can rise in price, as some expect, up to a million dollars.
As for gold, it will always have its high value and will not be replaced by anything.

[mlawson71]

Gold is gold, and Bitcoin is Bitcoin, I support Bitcoin since 2016, but I think gold will remain important. Why do people always say that Bitcoin is gold, bitcoin is silver, bitcoin is the new store of value... etc Bitcoin is Bitcoin guys...

That is pretty much how I feel. Both are important, but in very different ways. They should not be compared, in my opinion.