Will Bitcoin replace Gold someday?

[Aeso]

Bitcoin will never be able to replace gold. Because Bitcoin is a virtual currency. But the price of gold rises over time. Bitcoin may be extinct at some point but gold will never be extinct. We all know that bitcoin mining will end someday. But gold mining will always continue. Gold is a girls ornament that enhances the beauty of man. But Bitcoin can never be caught or touched.

[Bobcrypto]

Gold is a physical ornament, while Bitcoin is digital coin, I dont think gold will be better than bitcoin in the future in terms of value. I believe that the value of bitcoin will continued to rise, and it most likely, it will dominate gold but will not replace gold. Like I said, bitcoin is a digital money while gold is a physical ornament.

[mlawson71]

Gold is not just a physical ornament. Gold has plenty of practical applications in various important technologies. Only about half of the mined gold is actually used for jewelry.

[Dbc23]

Both will still maintain their place. Bitcoin can't replace gold because it's decentralized and many government agencies aren't in support of it but that doesn't mean bitcoin is going into extinction. The reality remains gold will remain what it is while bitcoin will find it's way through

[mlawson71]

I completely agree. They are far too different to be interchangable, so Bitcoin cannot replace Gold.

[bayiajaib]

I completely agree. They are far too different to be interchangable, so Bitcoin cannot replace Gold.

Yes, You're right. I think bitcoin and gold is different thing.
Bitcoin and crypto currency are digital asset.
Gold is the real asset.
I also don't believe bitcoin will replace gold.
Maybe bitcoin will more valuable than gold, but not will replace.

[mlawson71]

Bitcoin is just as real as gold, it's just that it has no physical form, unlike gold.
As to the value, I think it is still up in the air which will be more valuable in the long-term.

[Fenix]

So far, no financial asset has any chances to replace gold in the foreseeable future. This also applies to cryptocurrencies, including bitcoin. No matter how convenient and safe Bitcoin is, cryptocurrency has its drawbacks, like any financial asset. Gold and cryptocurrency have their own advantages and disadvantages and therefore may well simply complement each other. Plus, there will always be groups of people who will not want to give up on keeping their savings in gold.

[de_prof]

In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.

Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? 

Yes, maybe.
Bitcoin is  more valuable than gold and starting to more popular..
Gold is classic assets, it is more popular and almost all of the world known about it.
So, it will take several year's, bitcoin will replace gold at the coming future.

[pacar_tiri]

Yes, maybe.
Bitcoin is  more valuable than gold and starting to more popular..
Gold is classic assets, it is more popular and almost all of the world known about it.
So, it will take several year's, bitcoin will replace gold at the coming future.

No, I think It is really difficult. Gold is the legend of assets. Maybe bitcoin and gold will be there together.
They will never replacement by each other.
Gold is physical asset and bitcoin is digital asset.
I have invested in both, and enjoy them.

[owlest]

I, like many, cannot say whether Bitcoin will replace gold. For me, gold is about preserving value, that is, stability. Bitcoin is an opportunity to increase capital. But with cryptocurrency, you can make money as quickly as you can quickly lose.

[mlawson71]

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.

[bitbit97]

There is a small chance, that when all Bitcoins will be mined and it became more a speculative asses than a technology, it can start to replace gold. Till then, when it is used, it is not even close to being as valuable as gold.

[lepbagong]

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.

Of course what you say is true, because it is two different investments. investment gold that has existed for a long time and in tangible form, can be felt, held and used as an accessory. investment bitcoin which is an advancement of the same digital technique is also very valuable, but intangible and can be felt, held but does exist.

both will go hand in hand because the needs for both are the same, because the investment is very profitable. although today many predict that bitcoin will beat gold, but then again everyone has very different desires in investing so that both will continue to exist.

[owlest]

There is a small chance, that when all Bitcoins will be mined and it became more a speculative asses than a technology, it can start to replace gold. Till then, when it is used, it is not even close to being as valuable as gold.

Perhaps so, because now bitcoin plays the role of some kind of asset with which you can get rich quite well. The reason for this is that the bitcoins that are being born are still in the process of mining. But when they all end up in the hands of the holders, then, apparently, a new process of formation of the cryptocurrency will begin.