Yes it is certain that Bitcoin will one day replace gold. Moreover, in 2016, there was a big change in the currency, the price went up to 20 thousand dollars. However, it did not take long for that price to come down. In December 2016, the price dropped to ২০০ 3,200.
Bitcoin prices have been rising since the Corona epidemic began. In 2020, the price of digital currency has increased by 300 percent. Not only Bitcoin, but other digital currencies are also rising in price. Ethereum is the second most widely used digital currency after Bitcoin. In 2020, the price of this currency has increased by 465 percent.
Analysts believe that financial institutions are turning to bitcoin as an asset. Bitcoin users feel that Bitcoin is taking the place of gold as an asset. Analysts have speculated that the US dollar may depreciate in 2021, with fears that Bitcoin could rise further this year. At the start of the Corona epidemic, investors leaned towards the dollar to find reassurance amid uncertainty. This increases the value of the dollar. But later the dollar fell due to several incentive packages. As well as the acceptance of Bitcoin has increased as transactions or payment gateways like PayPal have now started accepting digital currencies. Paolo Ardiono, chief technology officer at cryptocurrency exchange Bitfinex, told The Guardian: "The digital currency market has never seen such a boom. As a result, the future of Bitcoin owners is very bright.