Topic: Bitcoin is the new gold standard of the future - page 6. (Read 877 times)

Bitcoin's biggest advantage is also its biggest weakness.

Bitcoin is the first generation of Digital currency products under the blockchain technology.

 Even if a certain Digital currency may eventually become an international currency, its choice will definitely not be Bitcoin. Although the final amount of Bitcoin is limited, the types and production of online currencies are almost unlimited.

The core feature/value of Bitcoin is not Bitcoin itself, but the subsequent blockchain technology. Just like banknotes, its core feature/value is not the first version of banknotes, but the operating mechanism of banknotes.

Did you think the government can make this to happen, for bitcoin to replace their country's currency, they can regulate Bitcoin, they will even see Bitcoin as threat, but Bitcoin is not a replacement but an alternative, Fiat has benefit while Bitcoin has benefit, Fiat for spending while Bitcoin for holding.

People refer to Bitcoin as the digital gold already, but the marketcap of gold is still very high if compared to Bitcoin. Bitcoin with a marketcap in 900 billion, while that of gold in 11 trillion. But for Bitcoin to surpass gold, there is still a long way to go. Many rich people still prefer gold because they see it more as a store of value, while Bitcoin as a speculative asset ( but Bitcoin is both), this is why some still hold more of gold. But, anything can happy, it does not change the fact that Bitcoin is the most successful asset since 10 years ago till now, people could be drastically moving to Bitcoin, but this I do not know, nobody can give the assurance, but likely that Bitcoin will have up to gold marketcap one day.

Bitcoin is an asset that establishes a monetary system, and it is the basic currency of the future.
Bitcoin is not issued by any government agency or bank, but generated by the calculations of individual network nodes. Anyone can make and buy bitcoins, making it completely free from national boundaries and can be circulated all over the world.
Bitcoin has undergone many positive changes, and it may soon become a reliable and long-term storage method with gold. The growth and changes of Bitcoin make it more inclined to become digital gold, and it may lead the natural evolution from legal tender to digital currency. Make cryptocurrency an investable asset that can go hand in hand with gold, or even surpass gold.

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

 Yes as I see Bitcoins is the most standard Cryptocurrencies an more and more people used Bitcoins because of advantage and reliable of this  crypto that's why more people want to use Bitcoins in a way of trading and investment .

Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/