Can Bitcoin surpass Gold in utilization?

[SiliconHat]

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?

[0t3p0t]

In my opinion, since gold is a commodity then there is no doubt it will dominate physically as a utility or an asset but these two were totally different and should not be compared. But regarding the question of utilization and acquisition gold is what majority of us were holding, Bitcoin on the other hand only few individuals have it. Majority of people are well informed about gold but not Bitcoin. So for the question, will it surpass? Well, I don't think so Bitcoin can only be used as currency and as an asset so in the long run gold will still has an edge.

[hugeblack]

Although the link between cash and USD has been severed, we still use cash and gold has not been abolished, so Bitcoin can be used without the need to abolish gold, etc. If Bitcoin succeeds, we will have a system that includes cash, gold and Bitcoin.


The short answer is yes, but there is no connection between them.

[Bobcrypto]

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?

Bitcoin is barely 15 years old but has achieved great milestone. As for utility, I think that Gold will have advantage over Bitcoin because it is a commodity, while Bitcoin remains a digital Good. As on acquisition, i think that Bitcoin has a consistent acquisition mode, though prices is currently bullish, at $100k renge, but it can be acquire in fractions. I think my preference goes for Bitcoin.

[Nheer]

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?

Bitcoin is barely 15 years old but has achieved great milestone. As for utility, I think that Gold will have advantage over Bitcoin because it is a commodity, while Bitcoin remains a digital Good. As on acquisition, i think that Bitcoin has a consistent acquisition mode, though prices is currently bullish, at $100k renge, but it can be acquire in fractions. I think my preference goes for Bitcoin.

Bitcoin will really have is way to the top of gold if it given much time and patience, cause bitcoin is not a stable assets it changes price over sometime while Gold is wisely to be said as a stable asset,  with time and endurance bitcoin can really surpass Gold with the unstable market price. But is still under circumstances that Bitcoin can surpass Gold cause the bull run is likely to stop at anytime but if the price rises much higher than we have almost little percentage that Bitcoin will  surely surpass Gold. Bitcoin is really proving more valuable and more promoting with all these features I really have full confidence about bitcoin surpassing Gold in some years coming.

[target]

$200k in a couple of years, seem a good plan to hold then.

As for utilisation, I think Gold beats Bitcoin. Bitcoin seem solely for finance asset while gold has demands for electronics which makes it useful for manufacturing devices.

However because our situation  in finance deserves assistance from digital asset such as Bitcoin which I guess the economies of countries maybe reset with BTC Reserves.

[gunhell16]

Maybe when it comes to the price of bitcoin, yes, there is a really big chance that it will surpass Gold, in fact it has already surpassed it, right? But there is no need to fight between the two because Bitcoin is also considered gold, albeit in a digital way, while the Gold that we know is ancient is also physical gold.

Besides that, they are both good to hold and make an investment in the long-term, in fact. That's just why in these situations, Bitcoin is more of a priority for most people.

[Mia Chloe]

Well the truth bitcoin has actually surpassed gold quite a long time ago if you are viewing it in the context of price per units. Bitcoin is one of the world's most successful man made asset and it's rate of profitability over the last decade is actually mind blowing. Bitcoin and gold have a lot of differences ranging from gold being a physical and real asset compared to bitcoin that is actually a digital asset.

Unlike bitcoin gold is actually regulated by both the Banks, big firms and the government and that calls for how it's price is affected and maintained compared to it's overall supply.

[Aanuoluwatofunmi]

Which team do you fall into Digital Gold or Traditional Gold?

The digital gold i can go for is bitcoin, because its a digital currency and the current gold rush of this present time, yes, i can say it that i believe in the power or ability of bitcoin surpassing the utility of physical gold in many ways, when we look about all the bitcoin data right from its market cap, transactions volume per day, increase in adoption and many other related search like the address that hold asset and the ones that often make transaction on a daily basis, we could deduce the massive increase in the overall bitcoin index compared to other assets and just little more time we may needed to surpass gold in everything.

[ZAINmalik75]

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?

Count me into the team of digital gold but for an investor they should have players in both team. Because if one is stable and other in unstable then invest in stable asset to get stable income and take risk in unstable asset to make big profit.

Buying Gold is always a risky task but buying BTC is not because just like a British lady who bought fake gold from fellow country anyone can be scammed into buying fake gold. BTC is the future and risky too but in the long run it have more profit and stability too.

[rachael9385]

BTC is cool but gold bro that stuff has more utilization. Many countries fight over gold in the old days men kill men for gold cause of the importance of it's effectiveness to Economical growth but I don't think any of these can happen with Bitcoin but maybe with the future ahead it may happen but for now I haven't sensed anything like that to happen.

[Faisal2202]

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?

BTC has its own usecase while Gold has its own, for example in most of the marriages in the middle east, bride is gifted with Gold not with BTC so, I don't know the number but I am pretty sure that in the middle east alone if we combine the type of money people invest just to give each other gift will surpass the amount they invest in BTC.

Which means Gold is more adopted in the region then the BTC but with time if they start giving their loves ones BTC as such gifts then obviously I would say BTC has more utilization, we can't pay directly with Gold but with BTC, countries have gold as their national reserve not BTC so a down side to BTC but not a big one, as it's a highly volatile asset and Gold is stable so Gold is a good choice but diversification in both can give good results to a national reserve.

[Azharul]

In my opinion, since gold is a commodity then there is no doubt it will dominate physically as a utility or an asset but these two were totally different and should not be compared. But regarding the question of utilization and acquisition gold is what majority of us were holding, Bitcoin on the other hand only few individuals have it. Majority of people are well informed about gold but not Bitcoin. So for the question, will it surpass? Well, I don't think so Bitcoin can only be used as currency and as an asset so in the long run gold will still has an edge.

Yes, I think that bitcoin is one of the best profitable crypto in cryptocurrency world. I also think that bitcoin is also very popular in all over the world. I also believe that gradually it’s popularity will spread in all over the world. But we also know that gold is already popular in all over the world. But we believe that gradually bitcoin price is running in best position in cryptocurrency market. So i think that within a short time bitcoin is also achieve best popularity in cryptocurrency world.

[TomPluz]

Which team do you fall into Digital Gold or Traditional Gold?

As for me, there is actually NO POINT on debating on between the digital gold and the physical gold...both have their own uses. history and value. We can invest on both if we want to and in fact many are both into them as gold can be a good and safety haven and Bitcoin is a good speculative asset whose price will definitely go up. Gold has many traditional uses that Bitcoin do not have but the latter has gain a lot of attention lately as it shoot in value dramatically while we know that gold is on a snail-type of rise. There is more excitement therefore with Bitcoin compared to gold. Now, if have millions to invest I would choose 70% for Bitcoin and 30% for gold. In addition, I am looking forward to the time when Bitcoin will eventually overtake gold in terms of marketcap but this goal can take years and maybe more than a decade to accomplish and that is fine with all of us since Bitcoin is still so young just a teenager for now.

[ABCbits]

Bitcoin and Gold only have some shared utilization, so it feels like comparing apples with oranges. I say "some shared utilization" since you can find people who accept Bitcoin as payment, while it's very difficult to find people who accept gold as payment. But on other hands, you can use physical gold as electronic component, jewelry and other physical utilization.