Topic: Bitcoin market cap can exceed Gold's after the next decade - page 2. (Read 414 times)

Gold has lots of use cases, right. But the current gold price is driven mostly by speculation.

I read some time ago (unfortunately, I've not preserved the link, but you can find similar opinions like this Bloomberg article) that gold would be worth only a fraction of its current price if it wasn't for Central Banks hoarding it. If Central Banks begun to sell a significant part of their gold, the price would plummet, because the demand for industrial use would not be enough to sustain anything near the current price.

I think gold is mostly valued by its tradition as "something valuable", which goes back to Antiquity, and its psychological value because of its association to jewelry. Scarcity alone cannot explain its price.

As a practical means of "value", mainly if you also want to move it, it is not very convenient. Here Bitcoin works much better. Bitcoin has many advantages compared to gold when it comes to usability for payments or even for moving parts of your wealth.

For these reasons, I think Bitcoin can surpass gold's "market cap". However, I think gold's market cap has some likelihood to shrink considerably, so a $100,000 Bitcoin could be enough to surpass gold's market cap in the future.

The statement is his own belief and perception towards bitcoin achievement. Actually it is possible to happen taking the bitcoin structure and gold in comparison. I think community prefer massive adoption will come on bitcoin technology. There are still users who are not acquainted well on blockchain and few years from now the number will decrease and will continue to increase new people on using these innovative creation. That includes cash flow that will enter the market that will serve as way to exceeding gold market.

And silver too, a lot of people I know in communities online actually actively buy gold and silver (along with Bitcoin). I sort of get it in a way, I guess they are just diversifying but I actually don't really feel safe if I bought gold or anyone knew that I did. Gold being at ATH every 10 to 15 years also makes people just love it. Pure store of value but people don't realize how hard it is to liquidate if they wanted.

Yeah right, there are more gold that being mined from time to time and the actual numbers still undertrained
there are many places that potentially have this minerals.
Unlike BTC where numbers are limited from how it's been designed, so we can't accurately say that it will exceed
gold in the future.



If that's a possibilities then there's  really chance that it might passed gold depends from how people will embrace
the system in the next decades.

Making a prediction that is 10 years in the future is certainly doing a good bit of guessing and using conjecture so I'm not sure how much stock I would actually put in to this.  Also keep in mind Gold has been around and used as a currency for centuries.  Gold is also used in every day life for more than just a transfer of funds, or jewelry but also in things such as machine equipment or TV cables.. bitcoin does not have these properties which hurts this argument a bit imo.

This is something that makes sense, but we still know that the total amount of Bitcoin cannot be more than 21 million, while gold is something that cannot be determined in that sense, and its quantities are actually unlimited, especially if we take into account that in the future its exploitation will go beyond the of the planet Earth. This will not happen tomorrow or in 10 years, but in 50 years the news could reach the Earth that a huge amount of gold has been discovered near Olympus Mons on Mars.

I am sure that people will continue to search for gold in the distant future, but I also know that in the next 10 years 99% of all Bitcoin will be mined and that this is something in which gold and Bitcoin differ the most - limited mining time.

I'm not sure Bitcoin's limit will exceed that of gold. As more and more gold is mined and we don't know how much gold there is in the world, bitcoin has its limits. Bitcoin is highly manipulated, and only when countries consider storing Bitcoin in asset portfolios do I consider Bitcoin's capitalization passable with gold.

Actually it makes sense because both share one property: scarcity.
And since scarcity makes something more and more valuable over time, people will clearly be obsessed by gold and Bitcoin.

Gold price has smaller daily variations and steadier growth, Bitcoin is newer, has huge price fluctuations and also seems to offer overall better gains over years (of course, the ones caught by 2017 FOMO rush will not agree) for the ones with strong hands (and hearth!).

I am fascinated by how much people are obsessed with gold, as if there is still a gold rush that drives people crazy. Comparing gold and Bitcoin in my opinion makes very little or no sense at all, because these are two completely different things, each with its own purpose and application.

Although most perceive it only as a store of value and for making jewelry, its application is much greater than that -> https://geology.com/minerals/gold/uses-of-gold.shtml

Bitcoin, on the other hand, is a digital cryptocurrency that can also serve as a store of value. In addition, can we use Bitcoin in jewelry making, electronics, dentistry, medical, aerospace and many more areas? Of course not, so the price of gold is the result of the total application of this metal, and the price of Bitcoin is the result of its current application, ie supply and demand.

In the next 9 or 10 years, Bitcoin will succeed or fail in its positioning on the world market - this was predicted by Satoshi himself in one of his statements. Trillions of dollars or euros can certainly find their way to Bitcoin, and then anything is possible - so who among us believed in early 2017 that a growth of almost 20 times could happen? Today, some people think that $100k is science fiction - and in fact it's all just a matter of investor confidence in digital gold (Bitcoin).

Absolutely possible. Someone posted an interesting graphic on Reddit, https://ibb.co/TT250Nr  if you want to check it out. I think we need more clear and easy to understand comparisons so people could understand faster how BTC is working and what size it already has

This is just another one of the "Bitcoin price will hit 1M USD after 30 years" type of predictions.
I don't believe that Bitcoin will ever surpass the Gold market cap.The governments are still pretty negative or neutral towards Bitcoin.Gold,on the other hand,has been a central bank reserve asset since the creation of central banks and fractional reserve banking,so all the governments will always see Gold as a more valuable asset than Bitcoin.
10 years is a pretty long time frame in the high tech world.Everything can change by 2029.Bitcoin might dominate the world,or it might disappear.

It's a decade so that's safe to assume with that market cap. Bitcoin's price is quickly increasing so there's a big possibility that it can happen on that prediction. Remember that bitcoin is a speculative asset so those speculations that have realistic claims can come into reality.

The digital age is where we at right now and a lot of investors looking for alternative investments that can easily be understood by them. Bitcoin is the perfect asset for them and it's not that hard to understand which can make the demand and market cap higher any time soon.

Robust? A prediction is never robust imo, and never would be. The only way a prediction could actually be solid is if you were from in the future and came back to say that, yes, that would happen. Right statement? No one really knows. There really isn't any right or wrong in predicting anyway, the answer would only be revealed once the situation is over. I'd rather say that I'd want more situations of Bitcoin to actually revolve in adoption, and possibly coordination or at least, acceptance from the respective Government agencies. Especially with how the supply will only go lower for the next decade.

Even if we do say that history repeats itself, the notion of Bitcoin defeating Gold in under 2 decades? Seems quite difficult, or impossible imo. I'm not being doubtful, I'm just looking at it realistically. Even if we do say that Bitcoin is very popular right now, can it sustain it for the next decade? Adding on to that, can even more people join in on the adoption of it? There's a lot of questions involved, so yeah, I really doubt you should trust predictions for over a decade that much.

That would require Bitcoin to reach ~300k. Is that possible? If you judge from past performance, yes. We've seen such rates of growth in the past. Is this enough evidence that it will happen? No, because past performance doesn't guarantee the future performance.

Even then, while Bitcoin can reach $300,000 for a brief moment, sustaining it is much harder. We have reached $20,000 once and now we still can't retake it. If Bitcoin will ever outgrow gold's marketcap, it will take much more than a decade to do so.

Exactly right, but I saw the potential on it. If we look back before 10 years ago we have see a huge improvement of bitcoin and let us consider that after this 10 years it will the same happen to the bitcoin price. A 10 years time frame of bitcoin prediction is too much to surpass the gold and I think that goal will I guess easily to reach.

Look at the dominance of bitcoin year by year, showing the chart continuously rising up is enough evidence that there are chances price of bitcoin will rise up soon.

This had been the recent news now in different news channel like the South African channel, and also booming on twitter on this comparative analysis Bitcoin and Gold. There are many factors that bitcoin usage could be avoided and considered first before volume surpasses gold in near future.
[1]. Government regulations.
[2]. Ponzi Scheme retrieval and reduction.
[3]. Vast popularity and promotion/adoption.
       And others..
If these factors above could be handled correctly, then bitcoin volume could hit closer to gold gradually in the future.

That predictions remains a prediction. A 10 years time frame, no one would actually remember that when the time comes, with a lot of predictions going on in the social media. These famous people are just making some noise to attract attention for their own interests in this business field.
Atm, Gold seems invincible when it comes to marketcap, but yeah everything is possible who knows Bitcoin will dominate the marketcap, but 10 years? I doubt that.

No I guess in such a short time frame, the growth of bitcoin in its first decade was huge and no one expected things but now bitcoin also got attention and lot of people speculating with it so reaching such a huge value is not going to be easy as in 10 years frame but if this happens I would be extremely happy.

This has already been said severally by ROBERT KIYOSAKI and also logically explained by Warren Buffet's recent move of buying several digital asset and moving out of stocks and shares from bank. When big wigs in wall street start buying crypto, it only tells you that the even gold will soon second bitcoin as their market cap will switch positions in i the shortest of time to come.

There's a pretty good chance it'll happen earlier.
However, the future cannot be predicted, so any prediction made about what'll happen in 10 years is pointless and has 0 value.