Will bitcoin replace gold?

[doc]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

Yes I think It will happe at the future. Bitcoin will replace gold. Because bitcoin is good for investment and payment system.

[rapheal]

Bitcoin will not replace the gold because bitcoin is created for the different intension and gold is here a lot of years ago and it is not that easy for bitcoin to replace gold because gold already built a lot of trust for a lot of people in the world,so even bitcoin is better than gold,it will not replace gold but it will just add option for the people to where they can invest their money.

[mlegend]

Bitcoin can replace Gold as an investment field. But it can be recognized that Gold is more in demand and is favored by many in this world. Because of that, Bitcoin will not be able to replace Gold as easily as that and as short as that. I think Gold will be an investment tool and also good jewelry.

[nakmantu99]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

Yes, It is possible. Bitcoin will replace gold. Because I think Bitcoin is digital gold and more profitable than gold.

[Jaguar]

Logically bitcoin cannot replace gold because of different factors. Gold is natural resources that possible unending mining of of gold. Bitcoin is limited supply that becomes expensive as the years goes by because almost everything rise due to inflation rate.

[reshat]

That price rise and its subsequent market correction can be chalked up to FOMO (Fear of Missing Out). The same kind of inflated values that gold once saw during mining booms and busts and is not really part of the question of whether Bitcoin will ever take or match the yellow metal’s place as a store of value.

[fgg57fg7]

Yes I'm very agree others opinion that bitcion and gold is very different because bitcion is a popular and it is a currency and very profitable cions unlike gold I only keep that for long but not profitable. And gold from natural resources anytime not limited unlike bitcion is limited supply

[felixesteban]

Gold is a physical asset that can be held by hand. It has also been used as ornaments for thousands of years. Because of this feature, it will never lose its usage. Bitcoin is a completely different asset , comparing the two is not a very accurate approach.

[gribble]

I think Gold and bitcoin are much different. Gold is also good for long-term investments. which can guarantee safety and profit because the value of gold is not volatile. not like Bitcoin is volatile which frightens some people. so I think bitcoin won't be able to replace gold

[leodiaz]

Bitcoin can replace Gold. Bitcoin is indeed better than gold as an investment field. But I think most people here prefer Bitcoin as an investment field and there are also many people who prefer Gold because gold can be made jewelry as well as long-term investments. Therefore, Bitcoin and Gold are actually needed each other.

[gotbounty]

Bitcoin will replace gold in the future. I am sure of that. At this time I am increasingly known to Bitcoin by many people and there are many interested people and not a few countries that legalize it. Therefore I am sure that in the next 10-20 years Bitcoin will be able to replace Gold as a good investment field and also very profitable than gold.

[oxwell]

I don't know whether Bitcoin will be able to replace Gold or not. But I am sure that Bitcoin is increasingly becoming more and more mature and users and investors are getting more and more days. But Gold enthusiasts, too, although it is more profitable than Bitcoin than Gold, but the demand is equally increasing every year.

[rightway]

Many people are saying that bitcoin is better than gold but for me i still believe tha gold is better than bitcoin or any digital currency because in terms of the market value bitcoin is so volatile and is now fluctuating so bad compare to the market value of gold which is increasing rapidly every now and then.

[Alcor]

Never bitcoin, nor any other cryptocurrency can replace gold with it. Gold has always been, is and will be the unshakable value. Bitcoin and gold are practically the opposite of things; there is practically nothing in common between them.

[sola]

Finally, gold remains one of the most liquid assets, traded daily in well-established exchanges all around the globe. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95 percent of people are reportedly still without power.