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

[TomPluz]

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

There is a strong possibility that maybe in the next 30 years or so, Bitcoin will eventually overtake gold as a safe haven asset but for the time being both of them can co-exist peacefully providing an option for investors and traders to use as an investment tool or vehicle. There can be many reasons for this "overtaking gold" thing to happen. One, there must be recognition from different and established financial institutions and from many governments (especially if many will include Bitcoin into their strategic reserve). Two, because of the critical mass adoption Bitcoin's volatility is reduced to a more manageable level which can attract more conservative and big investors into its fold. Now, this does not mean that gold will be forgotten no that is impossible all because gold is always considered valuable and it will stay that way.

[MrSpasybo]

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?

We can agree that BTC has more value than Gold in terms of decentralization, transparency, and ease of transfer, but Gold is still the king of asset classes in the economy. BTC is only trying to have a position and value equivalent to Gold on a national scale, while Gold has successfully gained acceptance on a global scale.

The growth rate of the BTC price is slowing down over time, so I think the BTC cap will gradually approach the Gold cap, and it's a success for BTC to be able to approach the position that Gold has taken thousands of years to build. I believe in a future where both BTC and Gold are strategically reserved by most countries around the globe.

[joniboini]

I believe in a future where both BTC and Gold are strategically reserved by most countries around the globe.

I also believe this, but I hope the process to go there isn't fucked up. I read some news that some governments are trying to collect money to buy Bitcoin but are not being very transparent about it. If they corrupt the money, I bet the damage will be massive. Living in a place like that is going to be hard, not to mention the negative image people might attach to BTC.

[Kemarit]

I believe in a future where both BTC and Gold are strategically reserved by most countries around the globe.

I also believe this, but I hope the process to go there isn't fucked up. I read some news that some governments are trying to collect money to buy Bitcoin but are not being very transparent about it. If they corrupt the money, I bet the damage will be massive. Living in a place like that is going to be hard, not to mention the negative image people might attach to BTC.

Yes, there are reports that countries are secretly hoarding Bitcoin as well and treat it like reserves. So we really don't know as average investors are going to compete with them while we accumulate.

As for gold to be in parity with Bitcoin, it might take years though, Gold has been with us already, while Bitcoin is still new and we even haven't that adoption yet. I think it's better for us if we can invest on both of them.

[omori]

Yes, there are reports that countries are secretly hoarding Bitcoin as well and treat it like reserves. So we really don't know as average investors are going to compete with them while we accumulate.

As for gold to be in parity with Bitcoin, it might take years though, Gold has been with us already, while Bitcoin is still new and we even haven't that adoption yet. I think it's better for us if we can invest on both of them.

Gold is for instability of bigger entities, and BTC - for stability.

And average investors will just keep doing what they can - after all, we can't stop countries and all the players of the market - not - to buy BTC in the quantities that are allowed by their frameworks.

[bayu7adi]

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.

It's really surprising actually... we see Bitcoin is currently difficult to be accepted by the majority of world governments, while gold, everyone agrees that gold can be trusted...
When Bitcoin gets the chance to be trusted by many people or even all countries legalize it like gold... we will all be surprised and see that the price changes will be very significant and it will really make the investment world excited... bitcoin will level up to become a better store of value asset than gold, if it succeeds in surpassing gold...

[dave_strider]

It's really surprising actually... we see Bitcoin is currently difficult to be accepted by the majority of world governments, while gold, everyone agrees that gold can be trusted...
When Bitcoin gets the chance to be trusted by many people or even all countries legalize it like gold... we will all be surprised and see that the price changes will be very significant and it will really make the investment world excited... bitcoin will level up to become a better store of value asset than gold, if it succeeds in surpassing gold...

Adoption is far from over - we have lots of countries not looking at BTC as something with potential, especially from the bigger ones, developed countries that wouldn't acquire much, but would work toward the potential of the whole process.

[snowpega]

I believe in a future where both BTC and Gold are strategically reserved by most countries around the globe.

I also believe this, but I hope the process to go there isn't fucked up. I read some news that some governments are trying to collect money to buy Bitcoin but are not being very transparent about it. If they corrupt the money, I bet the damage will be massive. Living in a place like that is going to be hard, not to mention the negative image people might attach to BTC.

We are seeing these steps to be followed by the countries like the USA and El Salvador, where BTC has become the legal tender and national reserve, and here in my country, BTC has also become a legal currency, and this is a big sign for Bitcoin to be more popular.

Other than that, I noticed one more thing: from the day BTC was declared as a notional reserve by the US government, it became more volatile. It is not a good sign for the whole market, and it is damaging the market sentiments after becoming more volatile. CMIIW! What do you guys think about it?

[Findingnemo]

Gold will always be at the top when we talk about store of value because of it's consistency in the growth, Bitcoin showed a lot of potential and ticks most boxes as gold but the huge difference is volatility, it's highly volatile so no one can trust it as store of value or atleast in the big scale. But it can coexist and that's what we started to see in the recent times like Trump announcing crypto as strategic reserves and many other countries are accumulating bitcoin.

[vegasus]

Gold will always be at the top when we talk about store of value because of it's consistency in the growth, Bitcoin showed a lot of potential and ticks most boxes as gold but the huge difference is volatility, it's highly volatile so no one can trust it as store of value or atleast in the big scale. But it can coexist and that's what we started to see in the recent times like Trump announcing crypto as strategic reserves and many other countries are accumulating bitcoin.

Yes, the difference is very clear, If gold has long had a high value and trust by everyone in the world, even by people who do not know technology, by all levels of society, everyone believes in the value of Gold. But Bitcoin is different, it takes more effort to make BTC acceptable to people. and as you said, with high volatility, with various FUDs that are still often spread, it will be very influential

[Baofeng]

Gold will always be at the top when we talk about store of value because of it's consistency in the growth, Bitcoin showed a lot of potential and ticks most boxes as gold but the huge difference is volatility, it's highly volatile so no one can trust it as store of value or atleast in the big scale. But it can coexist and that's what we started to see in the recent times like Trump announcing crypto as strategic reserves and many other countries are accumulating bitcoin.

Yes, the difference is very clear, If gold has long had a high value and trust by everyone in the world, even by people who do not know technology, by all levels of society, everyone believes in the value of Gold. But Bitcoin is different, it takes more effort to make BTC acceptable to people. and as you said, with high volatility, with various FUDs that are still often spread, it will be very influential

Gold has been a established store of value, it been part of human history and in the last 50 years or so, it's been the reserves for almost all countries around the world.

But I do agree that Bitcoin is very different, and hopefully countries will find it as a good second option. Just like what El Salvador and to a certain extend Bhutan making it as their reserves. Bhutan for example have sold some of it's stash then the money generated was being used to help it's people.

[dave_strider]

Gold will always be at the top when we talk about store of value because of it's consistency in the growth, Bitcoin showed a lot of potential and ticks most boxes as gold but the huge difference is volatility, it's highly volatile so no one can trust it as store of value or atleast in the big scale. But it can coexist and that's what we started to see in the recent times like Trump announcing crypto as strategic reserves and many other countries are accumulating bitcoin.

Yes, the difference is very clear, If gold has long had a high value and trust by everyone in the world, even by people who do not know technology, by all levels of society, everyone believes in the value of Gold. But Bitcoin is different, it takes more effort to make BTC acceptable to people. and as you said, with high volatility, with various FUDs that are still often spread, it will be very influential

New era => new ways of things.

And those who dig into such things first are becoming the leaders for the future to come, like the US currently (to some extent).

[vegasus]

Yes, the difference is very clear, If gold has long had a high value and trust by everyone in the world, even by people who do not know technology, by all levels of society, everyone believes in the value of Gold. But Bitcoin is different, it takes more effort to make BTC acceptable to people. and as you said, with high volatility, with various FUDs that are still often spread, it will be very influential

Gold has been a established store of value, it been part of human history and in the last 50 years or so, it's been the reserves for almost all countries around the world.

But I do agree that Bitcoin is very different, and hopefully countries will find it as a good second option. Just like what El Salvador and to a certain extend Bhutan making it as their reserves. Bhutan for example have sold some of it's stash then the money generated was being used to help it's people.

Yes, gold has become a very valuable part and also has a very high value in almost all countries and also for those of us who do invest in very convincing things because there are even many things and political interests because of the reason for gold in that area and there are various clashes between countries or regions. and this often happens. and if you compare it with Bitcoin, actually this is not fair enough, both have their own value, it's just that Gold is more popular and trusted

[dave_strider]

Yes, gold has become a very valuable part and also has a very high value in almost all countries and also for those of us who do invest in very convincing things because there are even many things and political interests because of the reason for gold in that area and there are various clashes between countries or regions. and this often happens. and if you compare it with Bitcoin, actually this is not fair enough, both have their own value, it's just that Gold is more popular and trusted

Gold is tested with time, whereas BTC - not so much (by bigger entities, not individual hodlers).

Once this gap will be closed - things should change for the better in the long run.

[Bobcrypto]

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.

It's really surprising actually... we see Bitcoin is currently difficult to be accepted by the majority of world governments, while gold, everyone agrees that gold can be trusted...
When Bitcoin gets the chance to be trusted by many people or even all countries legalize it like gold... we will all be surprised and see that the price changes will be very significant and it will really make the investment world excited... bitcoin will level up to become a better store of value asset than gold, if it succeeds in surpassing gold...

Bitcoin is trusted, but volitile and has huge potential to surpass gold in term of marketcap and trading volumes in near future. Gold has been here for many years, a physical commodity that can be traded both online and and physically, however Bitcoin is barely sixteen years but has achieved a greater success than gold in my opinion.

Now, the popularity of Bitcoin, and the potential of blockchain technology and its capacity to dominate faits has made many countries to be skeptic. As a matter facts, Bitcoin has given financial freedom to everyone that government faits has not allowed, hence there are fear that Bitcoin will become superior to faits.