Will Bitcoin replace Gold someday?

[Azharul]

Bitcoin is a very prefer digital currency in the cryptocurrency market. It's price is very high level than others crypto.I think that after a few years it's crossed 100k.We also believe that gradually it's price will increase.So i trust that in the future bitcoin overtake past valu and it's created new discover.So i trust that in the future it's replace of gold.

[Review]

First we need to think that the use case of bitcoin and gold is different. But if the gold money system come out in future generation as like people used gold as money, then bitcoin never be able to replace the gold . On the other hand , this presents situation is running under technology and if the young generation want something money system via online then bitcoin is the solution for them. In this case , bitcoin can easily replace the gold.

[Senin]

Bitcoin is a very prefer digital currency in the cryptocurrency market. It's price is very high level than others crypto.I think that after a few years it's crossed 100k.We also believe that gradually it's price will increase.So i trust that in the future bitcoin overtake past valu and it's created new discover.So i trust that in the future it's replace of gold.

Even if bitcoin increases in price several times, this does not mean at all that it can replace gold. This will never happen, because he simply cannot do it. Price plays absolutely no role here. But the fact that bitcoin and gold have practically nothing in common with each other, so that such a replacement could be considered even theoretically, plays a significant role.
Gold has existed in its status for many millennia and will certainly exist for as many more. We can say something about bitcoin for a little over ten years. Not impressive.

[Astra]

Bitcoin and gold exist in different worlds - virtual digital and physical. As financial assets, they are not something, but that they are different, but they are practically diametrically opposed.Therefore, they can complement each other, but not replace each other. In any case, there will always be a need for gold.

[Manna]

There are use of gold that Bitcoin can't do and vice versa. Why do you think gold is rising right now if its future is perceived to be doomed because of Bitcoin? These two assets are to increase their value due to demand and known many uses and benefits.

[WButler89]

Bitcoin, like gold, is a limited resource. The world's physical gold market is valued at $ 2.6 trillion today, including assets held in gold ETFs, according to JPMorgan research. Of course, the cryptocurrency sector is dozens of times smaller, but bitcoin also has a limited supply of coins, which makes it as scarce as the precious metal. Therefore, both gold and bitcoin can be used to store savings from inflation. For example, companies like MicroStrategy and Mode have already invested some of their profits in bitcoin. Business representatives see cryptocurrencies as an alternative way to protect assets from dollar inflation.

[Gposas]

As a matter of fact Bitcoin cannot replace gold though it has attained a high value and popularity. Gold is a natural asset and it's tangible while Bitcoin is a cryptocurrency which is intangible and it's also a digital asset and also it cannot be exchanged physically.

[pieppiep]

I don't think bitcoin can ever replace gold because they have very different physical forms, gold is very useful when everything goes back to the stone age where there was no electricity and no internet so gold can be a very valuable item than gold, so gold is still survive in the future.

[TanzeelHussain]

yes but it will depend on the economy of any country, gold use in all over the world but bitcoin is not, so in future there is lot of room for  Bitcoin , and Bitcoin  have the ability to be number one. and this is good for all over the world

[de_prof]

I am quite certain that it won't replace gold. Unless our need for gold in various practical application changes, unless we find a way to mine it and process it in more efficient ways, Gold is here to stay, regardless of Bitcoin's popularity.

Both are different thing, gold is real asset and we all know bitcoin is digital asset.
So, I don't believe bitcoin will replace gold at the coming future.

[Egg_burger]

I don't think so, it will just become an alternative. They are completely different.

[Jobayer Hasan Rahi]

In centuries, nothing has replaced gold as an asset, so no, Bitcoin is not in the same category, it is a virtual currency, and most prefer an in hand asset like ...
48 answers
 
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240 votes:
Trading and investing in cryptocurrencies involves substantial risk of

[Zezari]

Maybe this will happen because all states evaluate their gold as stability in their country. Bitcoin as an assistant in transfers between countries is a very convenient payment system where a minimum commission is charged for the transaction of large amounts.

[Alcor]

This issue has already been discussed many times and the majority has always expressed the opinion that bitcoin cannot replace gold. I am also of the same opinion. Bitcoin and gold are completely opposite financial assets, they are united only by a relatively high cost. The same situation with these assets will remain. There is no point in changing anything.

[mlawson71]

I agree. And I think this is a good thing - the more things there are to trade and profit from, the better. Why trade just Bitcoin or just Gold when one can trade both?