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Bitcoin Forum / Can Bitcoin surpass Gold in utilization?
« on: December 13, 2024, 10:55:40 AM »I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?