Will Bitcoin replace Gold someday?

[Istiak]

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? 

Gold is a type of commodity that has real value and physical form. Also, that is not just money it has many use cases. People use gold to decorate themselves and even it uses to make many digital devices. So there will be a value of gold even BTC became the main payments methods. So they can co-exist.

[pelana vreo]

If you look at the history of both, Gold was created from overflowing volcanoes, while the blockchain was created by Satoshi Nakamoto to be able to store all transaction data from Bitcoin, from here both of course have different and different purposes in the future.
I don't expect Bitcoin to replace gold because they are both completely unique and I think Bitcoin will hit a new ATH when more people use it.

[Octoalts]

Bitcoin has an advantage in terms of investment value compared to Gold, Bitcoin price can go up very high in a short time and that has never happened to Gold. However, gold is still widely chosen, because besides being able to invest, gold can also be made for jewelry. 
Actually Bitcoin and Gold are two different things, so they cannot replace each other.

[Carbitcoin]

Actually, in my opinion, the only thing that Bitcoin and gold have in common is that these two things are highly valued and have a limited number in the world. But otherwise, Bitcoin and gold have different weight categories and functionality. It is also necessary to take into account not only the technical qualities of Bitcoin, but also the physical characteristics of gold, thanks to which gold is used in various areas of high technology, and which cannot be replaced by any substance from the entire periodic table.

[Tnoy30]

I don't know what people think about Bitcoin. I have no value for gold. Because I trust Bitcoin the most. It is possible to make the most profit by investing in Bitcoin. So I think Bitcoin can replace gold. Bitcoin is precious. That's why I always prefer Bitcoin. However, I am definitely in favor of holding bitcoin. Because if Bitcoin is kept for a long time, the amount of profit is higher.

[Lordrift]

Gold and bitcoins are totally different assets that can co-exist in the same marketplace. Bitcoins are generally the "digital money" of the digital world, while in the physical world, gold exists naturally and is mines from the earth crust with a low volatility and high liquidity feature. So this two commodities cannot breach their individual worlds to contest but rather used as an alternative to one another.

[MRM]

Some people think that Bitcoin can replace gold. However, my personal opinion is that Bitcoin will never be able to replace gold. Both Bitcoin and Gold will remain in the market. Both will be valuable to people. Bitcoin and gold will make people feel valued, more interested in buying these. So I think Bitcoin will never replace listening. Both will remain in their own place.

[sampoerna]

Gold is a real stock and it has also limited value. This is holly worth investing in because it is very valuable. But on the other hand, Bitcoin is also a worthy investment where we can gain big profits in a shorter time compared to GOLD. But in this case, we can see that the two should be here forever, we cannot compare two of them because they are all worthy. And none will replace the other

[Alter]

I think it is not true if Bitcoin will replace Gold someday. What for? How it can be? Gold has nothing to do with crypto existence. Gold is a physical thing and not a competitor of digital assets. Even if there is digital gold, but it has its own world. Bitcoin and Gold should survive together in the future.

[babu10]

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? 

Basically gold and BTC are two different things and no comparison about those two things. One has physically existence and another has no physical existence only transferable through blockchain technology. So how we can compare? If we compare with price two market are different. BTC market fluctuate more at any time but gold market are more relax.

thanks

[syedrasool2011]

Bitcoin is the first viable candidate to replace gold the world has ever seen,” Mr Pfeffer said. "So if bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency.

[Arendra]

In my opinion, bitcoin will be able to beat gold one day. Especially if this bitcoin gets approval from the government. Of course gold will be able to compete. Even now, there are many bitcoin investors and still growing.

[Carbitcoin]

If Bitcoin reaches the price that all forecasts say, then Bitcoin with a price of up to a million dollars will beat any asset that exists on the planet. But if we talk about the relevance and importance of Bitcoin and gold, then they are in different planes and they do not need to be compared at all.

[Dociko]

Bitcoin will one day be much more valuable to people. Then people will use bitcoin instead of gold. Gold is currently in a good position. Because the whole world believes in gold a lot. Gold is much more popular than ever before. Nowadays people do not imagine bitcoin instead of gold. But in the future, people will use Bitcoin more than gold. Bitcoin will then replace gold with gold.

[Light onuoha]

In terms of price, I think bitcoin can supper-seed golds but as for the value, gold will continue to be valued by people.