Maybe soon bitcoin defeated gold if majority of human will looking for bitcoin only. It defends upon the management on how they manage being trustworthy and popular in the whole world. If we look forward bitcoin can easily defeated gold if bitcoin will rise globally to the top. As i said popularity and trust of people is the key on how bitcoin will defeated gold.
It won't happen because gold are being used as a form of jewelries and treasures, a display or a component to electronic devices, vene if there is no one who are using gold as a payment, its worldwide uses will sustain its price stability and its demand every now and then will continue to grow. Gold on has the upper advantage because it can be used by the masses in the real world.
Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
all of us know that bitcoin has defeated gold.before the price of gold is really higher than bitcoin but now we all know that bitcoin is becoming higher than higher,so if you have time,earn a lot of btc for you can sell it in a right price.
Yes i stronly agree on that bitcoin is already defeated gold in terms of value and prices but through appearance and popularity gold is really more than bitcoin because from the start gold is there and bitcoin is only new on or through the people arround they really hear much more news about gold than bitcoin.gold is a legendary and bitcoin is only a newbie if we reffer to year and popularity but if we reffer on a price bitcoin is the best .
Bitcoin has defeated Gold in terms of price. Bitcoin is way more than expensive than Gold. But when we talk about popularity, Gold wins. Gold has already been popular since the world war. Everyone around the world know Gold and it's been accepted worldwide. Gold has proven its worth for how many years. Bitcoin on the other hand is in the process of gaining more popularity, although it's more profitable to have bitcoin as an investment, but there's always a chance of losing your money unlike Gold. Still, I prefer Gold for a long term investment and bitcoin for short term investment.
That's not true, I don't remember where did I read it but they said that in order for BTC to defeat gold's price. 1 BTC must be at least 500k$, and as to what I'm seeing as of now. We are far from reaching that.