Can Bitcoin surpass Gold in utilization?

[gunhell16]

As far as I'm concerned, they are both Gold, the only difference is that Bitcoin is digital Gold, and the other one is ancient enough to be considered and they are both good for long-term investment, and many are already doing this in this era, in fact.

Many whale investors are accumulating it and others who have gold holdings are transferring or exchanging it for bitcoin because of the bull run that bitcoin
will face for the upcoming 2025 next year.

[bayu7adi]

We see globally, Bitcoin adoption is still not possible for everyone in the world to own, especially since MSTR now has a lot of bitcoins which would be quite worrying if Bitcoin is adopted as widely as Gold is adopted... Gold has enough supply for users around the world, and remember, gold is more common than Bitcoin to represent wealth....

Indeed, if we consider its portability, Bitcoin is more portable, but Gold has a stronger belief than a lot of money... a liquid asset that even babies have known since childhood because of the massive children's films that see gold more often than Bitcoin.

For the future, can Bitcoin be adopted as widely as gold? sorry, I don't think so... because even digital gold is starting to become something that can be considered if the main problem is portability.

[bitterguy28]

I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.

utilization? i do not think so but in value? potentially

i only say this because even though they can be both storage of value and bitcoin is used as a currency gold can be sometimes used as a mean of transaction too but their difference is that gold is something used to make various products in which something that bitcoin won't ever be able to be used for imagine saying a medal is made from bitcoin that doesnt make any sense does it

but bitcoin can catch up to bitcoins value maybe not now but we can see soon

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

if you can play for both teams always play for both teams in order to capitalize on both assets

[joniboini]

Gold has enough supply for users around the world, and remember, gold is more common than Bitcoin to represent wealth....

What does enough supply mean though? Are you suggesting that each person can own 1 kilogram of gold with no problem at all? Or is it 1 gram? Why not 10kg? Do people need to own 1 Bitcoin for Bitcoin supply to be considered good? Anyway, I don't think Bitcoin supply can move from concentrated ownership if enough people buy it. It's not like you need to pass some highly regulated, secret society or something to buy Bitcoin. The problem is usually the price and people's risk profile. CMIIW.

[taufik123]

As far as I'm concerned, they are both Gold, the only difference is that Bitcoin is digital Gold, and the other one is ancient enough to be considered and they are both good for long-term investment, and many are already doing this in this era, in fact.
-snip-

Yes, they only have different characteristics so they have their own disadvantages and advantages.
Gold may be a long-term investment in real form and if you look at the price now, those who bought 10 years ago will benefit if they sell now and the price does tend to be stable and continue to rise and gold can also be a "Safe Haven" asset because of its low volume.

Bitcoin is also a very profitable digital asset, but with high volume and rapid price fluctuations.
It is not a "Safe Haven" asset because the risk is greater than gold.
But Bitcoin has the transaction technology that is the future of decentralized transactions and is the most sought-after and widely used digital currency today, its price is also increasing and reaching an ATH of $100k in just 15 years.

[Rruchi man]

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

There was a discussion about this digital and traditional gold on another forum, a topic started by another user, and I like to sneak it in here since there is always the opportunity to share with everyone and get knowledge from everyone in this forum. Digital gold is not bitcoin, even though we like to refer to it as such. Tokenization of assets will create digital gold that will have the same value pegged to the traditional value of gold and not the value of bitcoin.

To the topic of this discussion, Bitcoin can surpass Gold in utilization.

[KryptoBull]

As far as I'm concerned, they are both Gold, the only difference is that Bitcoin is digital Gold, and the other one is ancient enough to be considered and they are both good for long-term investment, and many are already doing this in this era, in fact.

Many whale investors are accumulating it and others who have gold holdings are transferring or exchanging it for bitcoin because of the bull run that bitcoin
will face for the upcoming 2025 next year.

Digital Gold is just a concept to help traditional investors easily approach BTC as a new asset class. BTC has more value than that, especially in terms of the ideology of a global financial revolution.

Gold is valuable in electronics and jewelry but these demands are very small compared to the demand for accumulation and hedging. BTC is similar: it can be used for payments but is currently often seen as a new asset class with the potential for very rapid price increases. If BTC is accepted as a reserve asset by governments, we may see BTC become extremely valuable and no longer suitable for its original payment function.

[defy]

Doesnt Michael Saylor say that Bitcoin will overtake Gold in the near future and indeed when governments start opting for it over Gold and further start swapping Gold for it we will see Bitcoin surpass Gold.

It could end up being like an avalanche where Gold collapses

[legend45]

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

There was a discussion about this digital and traditional gold on another forum, a topic started by another user, and I like to sneak it in here since there is always the opportunity to share with everyone and get knowledge from everyone in this forum. Digital gold is not bitcoin, even though we like to refer to it as such. Tokenization of assets will create digital gold that will have the same value pegged to the traditional value of gold and not the value of bitcoin.

To the topic of this discussion, Bitcoin can surpass Gold in utilization.

You are right bitcoin is not digital gold, people just like to call it that because the price of bitcoin is high and it is getting more expensive and more popular.
many big companies and rich people are starting to invest in bitcpoin, this is what makes bitcoin worthy to compete with gold in the future.
I also predict everything will be digital in time and people will leave traditional gold.

[Z-tight]

I will start by saying that if you can hold the two assets, then you should. Gold and BTC have their differences, gold is stable and is a store of value, though it does not give returns as high as BTC does. BTC is volatile but can be a store of value if you store it for the long term, i like the two assets, though if i was to pick between them, i will go for BTC.

[vegasus]

We see globally, Bitcoin adoption is still not possible for everyone in the world to own, especially since MSTR now has a lot of bitcoins which would be quite worrying if Bitcoin is adopted as widely as Gold is adopted... Gold has enough supply for users around the world, and remember, gold is more common than Bitcoin to represent wealth....

Yes, even when looking at the comparison of gold and Bitcoin in the global market cap, the difference between Gold and Bitcoin is still very far. Even if you want to approach or surpass, it may still take a very long time, with mass adoption throughout the world, and also accepted in all levels of society and countries, as happened with gold. That's why Bitcoin still needs a lot of time to be at that stage.

However, it is undeniable that the development of Bitcoin is very fast, even so far the increase is very significant. Currently, Bitcoin's position is in the 7th rank. Yes, even though the market cap is still very different from Gold, but at least we see that Bitcoin's development is also very significant so far.
https://companiesmarketcap.com/assets-by-market-cap/

[nakmantu99]

I will start by saying that if you can hold the two assets, then you should. Gold and BTC have their differences, gold is stable and is a store of value, though it does not give returns as high as BTC does. BTC is volatile but can be a store of value if you store it for the long term, i like the two assets, though if i was to pick between them, i will go for BTC.

I prefer to store my assets in bitcoin with some considerations as you mentioned, gold is indeed more stable but cannot provide large profits while bitcoin is more volatile but can provide high profits. Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.

[bhadz]

Digital gold no doubt. 
The market cap of gold is high but I am believing that BTC's market cap will soon reach as high as gold and then will be higher than that. As for utilization and use case, we can already see the usage of it being more used as an asset and not a currency but that is still a utility that we all love and have been doing for so long.

[CoinHolder]

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?

I also agree with you because Bitcoin has already reached its peak, on the other hand, people are not comfortable buying gold. When comparing gold and Bitcoin, I think it is better to buy Bitcoin because if you do not buy gold bars, you will not be able to profit from gold. If you make jewelry, your jewelry often deteriorates. On the other hand, there is no deterioration in the BAD coin, it is slowly rising. And Bitcoin will reach its peak at some point. You have to look at Bitcoin from the beginning to the end and analyze it to see how Bitcoin is improving. So I think it is better to buy Bitcoin than gold.

[Blaze]

I will start by saying that if you can hold the two assets, then you should. Gold and BTC have their differences, gold is stable and is a store of value, though it does not give returns as high as BTC does. BTC is volatile but can be a store of value if you store it for the long term, i like the two assets, though if i was to pick between them, i will go for BTC.

I prefer to store my assets in bitcoin with some considerations as you mentioned, gold is indeed more stable but cannot provide large profits while bitcoin is more volatile but can provide high profits. Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.

It is right to choose bitcoin as the main asset as many of you focus more on the long term result and the effect it can have on your earnings. With high volatility on Bitcoin, there are great opportunities but also great risks involved. On the other hand gold continues to be recommended for those who want to be safe from value fluctuations on their investments. Naturally, our decision will be coloured by our objectives and appetite for risk.

But, only if we are able to control the risk, we stay consistent with the made plan, bitcoin can become a good investment source. The most critical strategy is to continue to stay investment ready and perform timely market scans to ensure that our portfolio remains balanced and the decisions we are making are made based on mature information.