Will Bitcoin Ever Replace Gold as the Ultimate Store of Value?

[slapper]

Humans don't just need stores of value, they need stories of value. An old belief becoming a worldwide habit. Bitcoin is a fresh myth riding on technology and the dream of freedom from states and banks. The issue isn't scarcity or portability alone. Belief systems are personal and do not change over night, even with superior technology. Technically, Bitcoin wins on several fronts. Sure. But you have not been paying attention to 5,000 years of statecraft if you believe governments will totally give up control over money. Gold lived with emperors, colonists, hyperinflation, and now ETFs. Bitcoin has not yet weather a whole global storm. If the first real war or financial collapse of the “Bitcoin Era” happens, then we’ll talk

It goes beyond investors as well. Because they can touch it, hide it, pass it along, the typical individual still trusts gold more. Bitcoin begs you to hope authorities won't crush it when it gets too successful and trust code. The actual issue is that trust disparity. Not scarcity but rather psychological infrastructure; not volatility. It won't completely replace gold until Bitcoin gains that. It will coexist like cash and credit cards did for decades, awkwardly

[ajiz138]

No matter how expensive bitcoin would seems to be it would not over take gold for any reason, do you know that Gold has been existing over the origin of man, and bitcoin is just nearly 17 years now.
I can only say that bitcoin might overtake Gold by market capitalization, what you should also know is that people may prefer gold over bitcoin because Gold is less volatile and no person would like to go make investment where they will keep losing?

For the reasons you mentioned, I would say the same thing. Gold has been around longer than bitcoin, and it is still valuable and one of the most sought after physical assets.

I don't think we can compare the two, because they are different, one is physical and the other is digital. I also agree with you that both have their own advantages. Bitcoin offers another option of an investable asset other than gold.

[Promocodeudo]

Surpass is different from replace. Bitcoin can not replace good in my opinion but I do not know if it will surpass gold. Some people believe in gold because if its physical value.

All I know is that bitcoin will also be a store of value. If bitcoin marketcap later surpass gold marketcap after many years or decades, it will not be a surprise. But it is hard to know if that will become true or not.

I think both asset has their functions so I wouldn't say that Bitcoin will replace Gold but in terms of price Bitcoin can do that although we don't know the stuff the future holds for both asset so anything is still possible at anytime, Bitcoin has shown so much sign of growth and with the look of things, we may be seeing something greater than the mile stone it reached last in the next 1 or more cycle, Bitcoin has gained the interest of many individuals since it latest upsurge despite the present continues price fluntuation, in conclusion gold is not a digital asset but Bitcoin is so I think having them as a store of value depends on individual but personally I chose Bitcoin any day anytime though my reason for this decision is personal.

[bayu7adi]

Gold will remain the king of storing value, while Bitcoin will not be able to compete with gold for that.. it is true, we can see some of the advantages offered by gold, but we see that gold is currently very closely associated with the government which makes it easy for it to be widely accepted by the public...

While seeing bitcoin which still causes a lot of debate makes some people think that Bitcoin cannot be as safe as gold for storing value...

[bettercrypto]

The question here is, Does Gold need to be replaced with Bitcoin? or Does Gold need to be removed to be replaced with Bitcoin? Why? is Gold useless or
beneficial so Bitcoin needs to be replaced?

In fact, there is no need to replace Gold with Bitcoin, both of these can help investors to get a profit here in terms of long-term investment, and even in short-term investment they can still provide earnings to us if we have a broad understanding of trading.

[Fivestar4everMVP]

🔹 What do you think? Will Bitcoin surpass gold, or will gold always remain the king of store-of-value assets? Share your opinions!

Like Charles said, surpass is totally different from replace, something can surpass another thing without replacing it, the word "replace" simply means that one that is being replaced will have to go extinct, or stop existing when it gets replaced by the other..

Considering what I explained above, neither bitcoin nor gold will ever stop existing, in fact, if I should say this the way I think it, I would say that bitcoin has more chances of getting replaced than gold, gold is a natural resources while bitcoin is man made, what man made can be easily replaced compared to what God Himself made.

So in conclusion, I think bitcoin and gold can co-exist together, none will or can replace the other, bitcoin exists only on the internet and can be used mainly as money, while gold exists in our physical world and can be used as both money and for making different types of jewelries and other items.

[dave_strider]

The question here is, Does Gold need to be replaced with Bitcoin? or Does Gold need to be removed to be replaced with Bitcoin? Why? is Gold useless or
beneficial so Bitcoin needs to be replaced?

In fact, there is no need to replace Gold with Bitcoin, both of these can help investors to get a profit here in terms of long-term investment, and even in short-term investment they can still provide earnings to us if we have a broad understanding of trading.

They are two sides of the coin that are used by all the parties for different situations - they need to coexist, rather than try to eradicate each other.

[robelneo]

🔹 What do you think? Will Bitcoin surpass gold, or will gold always remain the king of store-of-value assets? Share your opinions!

The possibility is always there because of Bitcoin's limited supply and the growing demand but gold will always have a place in every investors or holders portfolio.
I like to believe that what's happening now is how countries and institutions looked on Bitcoin it will eventually surpass but never replace gold as the ultimate store of value, but it will be a tough competition between these two store of value.

[sampoerna]

Supras gold?
This is really a simple question but a bit difficult to determine. because basically, it depends on how the future will be, whether people will really accept Bitcoin or not. and this may also depend on the supply. now the problem is that when it comes to the market cap of Gold and Bitcoin, it is still very far apart if we compare it. but at some point in the future, we will never know the future for sure. so yeah, let's just enjoy both. after all, investing in both of them is also worth it and promising, right?

[Asiska02]

With Bitcoin adoption growing, could we see a future where BTC replaces gold as the ultimate safe-haven asset? Or will gold always have an edge over digital assets? 

🔹 What do you think? Will Bitcoin surpass gold, or will gold always remain the king of store-of-value assets? Share your opinions!

Bitcoin has really made a lot of achievements since its inception till now, but because it’s a digital asset, there are some limitations people place on it and don’t really believe in it as a store of value. Gold has been in existence for as long as I can remember seeing myself in this world, but that’s doesn’t mean it cannot have a second to which it can be compared to or have same characteristics to some other assets that can perform well as it does as a store of value. Time will tell, but I can’t really say if Bitcoin can replace it but they’re both viable options for a store of value asset.

[enwi]

Bitcoin has really made a lot of achievements since its inception till now, but because it’s a digital asset, there are some limitations people place on it and don’t really believe in it as a store of value. Gold has been in existence for as long as I can remember seeing myself in this world, but that’s doesn’t mean it cannot have a second to which it can be compared to or have same characteristics to some other assets that can perform well as it does as a store of value. Time will tell, but I can’t really say if Bitcoin can replace it but they’re both viable options for a store of value asset.

You are right that both gold and Bitcoin have their place in the investment world. Gold has long been known as a stable asset, while Bitcoin comes with a new concept that offers decentralization and transparency in transactions. While there is still skepticism towards Bitcoin, its rapid growth shows that more and more people are starting to believe in it as an alternative store of value. Time may tell if Bitcoin can truly stand on par with gold, but for now, both remain attractive options for those looking to secure the value of their assets in the long term.

[LogitechMouse]

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🔹 What do you think? Will Bitcoin surpass gold, or will gold always remain the king of store-of-value assets? Share your opinions!

Bitcoin is being termed by many as "Digital Gold" and currently, Gold remains the top pick when it comes to store-of-value, but what I believe is that, the more people will be using Bitcoin, the closer it is to get that title from Gold.

Bitcoin is just more than a decade since it was created and still considered as "infant" compared to other asset classes out there, but as more people and more institutions will be buying it, there will be a time where some of them will just sell their Gold and will purchase Bitcoin. The US Government is thinking about it already, and if they will pursue it, there might be some other governments worldwide that might do the same as well.

[gunhell16]

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🔹 What do you think? Will Bitcoin surpass gold, or will gold always remain the king of store-of-value assets? Share your opinions!

Bitcoin is being termed by many as "Digital Gold" and currently, Gold remains the top pick when it comes to store-of-value, but what I believe is that, the more people will be using Bitcoin, the closer it is to get that title from Gold.

Bitcoin is just more than a decade since it was created and still considered as "infant" compared to other asset classes out there, but as more people and more institutions will be buying it, there will be a time where some of them will just sell their Gold and will purchase Bitcoin. The US Government is thinking about it already, and if they will pursue it, there might be some other governments worldwide that might do the same as well.

Literally speaking, more people are accumulating gold in our time. All countries are still allocating to buy Gold as their gold reserve back-up,
because this is what they usually use for their Fiat that they use.

Now this Bitcoin as Digital gold that is called is mostly accumulating it by whale companies and whale individuals or institution investors, just like Michael Saylor, so it is really far from the word that this bitcoin is here in the market to surpass and replace in which it is not really.

[densus88]

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🔹 What do you think? Will Bitcoin surpass gold, or will gold always remain the king of store-of-value assets? Share your opinions!

Bitcoin is being termed by many as "Digital Gold" and currently, Gold remains the top pick when it comes to store-of-value, but what I believe is that, the more people will be using Bitcoin, the closer it is to get that title from Gold.

Bitcoin is just more than a decade since it was created and still considered as "infant" compared to other asset classes out there, but as more people and more institutions will be buying it, there will be a time where some of them will just sell their Gold and will purchase Bitcoin. The US Government is thinking about it already, and if they will pursue it, there might be some other governments worldwide that might do the same as well.

Literally speaking, more people are accumulating gold in our time. All countries are still allocating to buy Gold as their gold reserve back-up,
because this is what they usually use for their Fiat that they use.

Now this Bitcoin as Digital gold that is called is mostly accumulating it by whale companies and whale individuals or institution investors, just like Michael Saylor, so it is really far from the word that this bitcoin is here in the market to surpass and replace in which it is not really.

Actually I am still not sure the government will choose bitcoin as an alternative asset for reserves, the government will consider it first because we know the price of bitcoin is unstable and they will likely choose gold as a reserve fund as they have done for years. However, progress can change everything, because in the digital era it is likely that bitcoin will be seen as a reserve asset. We'll just have to wait and see in the next few years.

[lombok]

Actually I am still not sure the government will choose bitcoin as an alternative asset for reserves, the government will consider it first because we know the price of bitcoin is unstable and they will likely choose gold as a reserve fund as they have done for years. However, progress can change everything, because in the digital era it is likely that bitcoin will be seen as a reserve asset. We'll just have to wait and see in the next few years.

However, there are some things that one has to put into consideration before making such a decision. Bitcoin is not exactly stable to make such a choice; the least when compared with gold, which will always be considered a stable reserve currency. However, the world changes, and there might appear some shifts in the vision of bitcoin in the future with the help of existing technologies. Nevertheless, such decision will definitely undergo a great deal of analysis, and it is only possible to wait for the further actions of governments in the further years.