Has BTC really become more attractive than gold?

[Peter90]

Comparing 2 things that are actually different because they both have different characteristics.
But in fact those who only see from one point of view about how they perform, even though volatility is also an important indicator for investment.

The high volatility of bitcoin provides faster returns on investments made even though the risk is also large.
But that volatility will not happen to gold, these are two different things, but both have their own advantages and disadvantages.
I now have both and both are also profitable.

Exactly
Let's look at their difference from another angle
Gold is a protection when economy and stock markets slow down - they call it anti cyclical asset,
whereas BTC correlates with stocks.

BTC moves like a leveraged stocks ETF on steroids




If you're trying to guess BTC's future moves, try to predict the stock markets' future moves first.

[taufik123]

Exactly
Let's look at their difference from another angle
Gold is a protection when economy and stock markets slow down - they call it anti cyclical asset,
whereas BTC correlates with stocks.

BTC moves like a leveraged stocks ETF on steroids




If you're trying to guess BTC's future moves, try to predict the stock markets' future moves first.

And in essence all of them are correlated with each other, gold becomes an asset that will not be affected by inflation or deflation, Gold investment is considered safe or risk free for ordinary people who want to invest but do not want to take risks.

and BTC is influenced by many factors, especially the policy on interest rates carried out by ETFs and the regulation provided by the SEC.
But behind it all BTC has been able to reach ATH extraordinarily to date, printing many billionaires from Bitcoin.

[Gurujebs]

Bitcoin and Gold both are good i think. But if anyone tell to choose one of them then i will choose Bitcoin. Because now we are leaving in the digital era. So cryptocurrency being popular day by day. In future people couldn’t take not taka they will use digital money like. So day by day bitcoins popularity will increase there has no doubt.

We have digital gold and it's redeemable with an equivalent real Gold, you can actually but it here==> https://paxos.com/paxgold/ and hold it in your wallet. We also have Tether Gold and all back one on one by real physical gold https://tether.to/en/ which means you can always change your XAU token to real Gold in any physical place.

I don't think there is harm if you buy Bitcoin and gold and keep for future, you don't know what tomorrow tells about the future of the two market.

[LUCKMCFLY]

The important thing about this price is the psychological value it gives, we were all used to seeing it at the level of $60k -$65k, now seeing the price of Bitcoin for $70k gives another air, that air that bitcoin should always have. be around there or higher, however this is something that all traders see and like, but the bitcoin bulls are proud and the bears are looking to take money out of the market to make it go down, we have to see that this price can go down, It may give a sigh to many, we have to see that the corrections that happen now are natural and that they are going to happen, or we have to panic or just trust that everything is fine and take full advantage of this price.

[Peter90]

Bitcoin is closely related to Blockchain technology, so I am sure that some of the people who are interested in Bitcoin have never considered the size of the market cap, but rather its function. For me, the market cap list in the picture is only a general measure, whereas I don't really need it for my purposes of investing in Bitcoin.

100% agree

Actually I've seen only crypto people talk about Gold or Silver Market cap
When will Bitcoin catch up with Gold in capitalization?
I've never found those concepts in a gold forum.
Talking about gold or silver market cap doesn't make any sense.

This is a simple question that still remain unreplied

Question to all: when you say gold market cap, are you talking about
a) all gold above ground? so jewellery too? gold teeth? gold within industrial products? or just
b) monetary gold (coins and bars)?
If you are comparing gold vs. BTC, currency vs. currency, shouldn't you consider only monetary gold?

"Gold Market Cap", "Silver Market Cap" are senseless concepts.
Just think about this:

1) there are these big inventories (the metals backing ETFs... countries' gold reserves... etc.). These are major components of those Market Cap figures.
Well... no audit! Nobody checks whether those tons are really there.
Only financial statements.

2) think of all gold and silver that is not recorded. No records.
Most gold and silver around the world is not recorded.
This is of course true re her earrings or the silver in the batteries of your smartphone, but imo it's true also re monetary precious metals (bars and coins).
That gold and silver sits in some vault. Nobody knows.
I'm not talking about grandpa's coins collection, I'm talking e.g. about inventories of High Net Worth families.

Or think about the silver inventories of producers like Samsung, Apple... or carmakers, companies that need silver to build their products.
How many tonnes of silver do they hold stored?
Obviously they protect themselves from possible supply issues.

Those who try to give a number to that Market Cap figure, how can they assess these inventories?

[JISAN]

The important thing about this price is the psychological value it gives, we were all used to seeing it at the level of $60k -$65k, now seeing the price of Bitcoin for $70k gives another air, that air that bitcoin should always have. be around there or higher, however this is something that all traders see and like, but the bitcoin bulls are proud and the bears are looking to take money out of the market to make it go down, we have to see that this price can go down, It may give a sigh to many, we have to see that the corrections that happen now are natural and that they are going to happen, or we have to panic or just trust that everything is fine and take full advantage of this price.

Bitcoin price has started to pump again after a long time so it will not dump quickly. there is a huge possibility that Bitcoin price will hit $80k in this opportunity. And this may be the last ATH of Bitcoin after Halving. And it doesn't look like Bitcoin will see a higher price during this halving. I'm not guaranteeing that anything will happen with Bitcoin at any time, but I'm just making a prediction that seems likely to me.

[Jamal Aezaz]

Bitcoin price has started to pump again after a long time so it will not dump quickly. there is a huge possibility that Bitcoin price will hit $80k in this opportunity. And this may be the last ATH of Bitcoin after Halving. And it doesn't look like Bitcoin will see a higher price during this halving. I'm not guaranteeing that anything will happen with Bitcoin at any time, but I'm just making a prediction that seems likely to me.

There is no guarantee for such type of a description because many people were assuming that the price would not go higher than 65k$ as the bear market has been initiated but yesterday Bitcoin again hit 70k$ which shows that anything can happen in the crypto world and we have no confirmation about pump and dump.

As you are predicting the market so yes it can happen that it will touch 80k$ in this year but still there is a doubt because Bitcoin today is a little bit down in value as compared to the value of yesterday. Every coin changes with changing take place in market condition but we can only assume the values for the future because confirmation is not possible here.

[Peter90]

We have digital gold and it's redeemable with an equivalent real Gold, you can actually but it here==> https://paxos.com/paxgold/ and hold it in your wallet. We also have Tether Gold and all back one on one by real physical gold https://tether.to/en/ which means you can always change your XAU token to real Gold in any physical place.

"and all back one on one by real physical gold "

How do you know Guru?
Neither Paxos nor Tether Gold let their gold inventories get audited.
How do you know your gold is really stored?


"which means you can always change your XAU token to real Gold in any physical place."

Not true
1) With Tether Gold the minimum redemption quantity is 13,3 kg.
Do you know how much $ is 13,3 kg of gold?
2) Tether Gold delivers only in Switzerland
XAUt is not redeemable neither for you nor for anybody in this forum.
Sorry...

What about Paxos?
What are their redemption requirements?


Just FYI I have compared Kinesis with Tether Gold