Will Bitcoin Replace Gold as Store of Value?

[Mikam]

In the form of value, I think that's the case. But bitcoin doesn't have a real form that is owned by gold. So bitcoin can only be seen in its value but not in its form. So in my opinion bitcoin remains as itself.

[I-Bit]

~snip~ bitcoin doesn't have a real form that is owned by gold. So bitcoin can only be seen in its value but not in its form. So in my opinion bitcoin remains as itself.

True. As people say that Bitcoin is a digital asset, it only exists in the digital world. Surely, it has no real form and cannot be touched by hands. And the value is also very unstable, it is different from Gold. The gold price seems more stable and must increase day after day.

[Fenix]

Will Bitcoin replace Gold?
I think that won't happen because gold has a beautiful physical form and has long been used in the kingdom, while Bitcoin has a better price than gold but has no real form. I like both but both have advantages and differences

Completely agree with you. Bitcoin can never replace gold with it. These are completely different assets that are not comparable with each other. In addition, as a value repository, Bitcoin, after all, loses to gold, since gold is always relatively stable in its price, and Bitcoin always has high price volatility.

[kventin.upgrade]

After the recent rise almost doubled, I now begin to think that bitcoin can do anything)

[Hexsas]

I think bitcoin can be a store of value, bitcoin can survive and as time goes on bitcoin is becoming increasingly popular, and bitcoin is truly digital gold.

[mlawson71]

Frankly, I don't think that will happen in the next ten years even if it happens at some point.

[sampoerna]

Bitcoin and gold are indeed tantalizing investments. However, can BTC replace gold with its value? I think it's difficult, gold has a price and also an increase that is always significant and always increases. Conversely, BTC is very volatile. In my opinion, both BTC and gold have their own positive and negative sides.

[kventin.upgrade]

Conversely, BTC is very volatile.

I think that such high volatility as in Bitcoin, traders have not yet seen.

[dragononcrypto]

After the recent rise almost doubled, I now begin to think that bitcoin can do anything)

I feel the same. I wouldn't be surprised to see Bitcoin at $10k by the end of the month, or back to $3-5k by next month, or both.
With such volatility in the crypto markets, no-one should be surprised to see the price double again, or lose 50-75% of its value.

[ZionRTZ]

We have some interesting discussions here.

Whether bitcoin can be a store of value equivalent or greater to gold entirely depends on the people.
Gold was considered as a store of value not because it's shiny or any of its other properties but because people has generally accepted it in the past, it could have been any. The case would be the same for Bitcoin.

In the end, only time will tell.

[trauchot]

I think everything is possible, why not, the cryptocurrency sphere is developing very quickly and is used in almost all areas, and bitcoin is very interesting to many investors, and when governments will start to legalize bitcoin, then everything will be possible.

[kventin.upgrade]

I think everything is possible, why not, the cryptocurrency sphere is developing very quickly and is used in almost all areas, and bitcoin is very interesting to many investors, and when governments will start to legalize bitcoin, then everything will be possible.

I support your opinion completely add that Bitcoin can still give us many surprises

[Cryptoz]

Even though I am a fan of Bitcoin and have never invested in gold, I personally am pretty doubtful if Bitcoin will replace the value of gold. Gold has been trusted as a long-term investment that is always increasing. But BTC, can make us get profits in a short time but also can make us lost. In this case, both have their own characteristics and conditions. And I personally do not want to question whether BTC will replace the value of gold or not.

[bxipp]

Bitcoin and gold are a different entity but has the same high value. we can say that bitcoin is a gold rush in cyber this day that must be collect as much as you can..

[Rembang]

I think it's also like that that bitcoin will be able to replace gold to save the assets they have, because bitcoin has a speed of price increase.