hello buddy
we can not deny blockchain technology is a financial advancement, we do not know what will happen in the future, Bitcoin replaces gold, I think may happen in the future, the difference is gold in physical form while Bitcoin is digital
Topic: Bitcoin will be the replacement for gold? - page 2. (Read 228 times)
Certainly the bitcoin will be a substitute for gold because if you invest in these two the bigger the bitcoin will be than gold.
declared that Bitcoin is the first viable replacement for gold.
It all depends.
Bitcoin has already replaced gold for many investors as an investment vehicle or a store of value.
But there are still many with old thinking that will not do this too quick.
Then there are places where gold is better because it's physical. And in some cases real thing that you can see and touch will always better than Bitcoin.
But no worries, there's enough need for both in the world. And where Gold will not be available exactly because it's physical, Bitcoin will be there to replace it.
bitcoin could probably be the replacement for gold
There's no way at any point or circumstance that Gold will be replaced by any kinds of paper and cryptocurrencies because Gold and other precious gems in the world will always have their value no matter what kind of the world will become.
Gold, silver and other precious stones are the most important currency since that first civilization and until today.
indeed bitcoin and cryptocurrencies are more worth than Gold but anytime our money and cryptocurrencies will lose it's value and Gold will stay as the main currency in the world.
No, Bitcoin cannot replace gold as for Gold is Gold and will always have a value while money and other currencies (tangible or crypto) will have no value at all whenever the country or state economy collapses.
Indeed Bitcoin has more value than Gold and other precious gems but anytime Bitcoin and cryptocurrencies will become worthless or will have no value at all but Gold will always be the all time currency since the beginning of the human civilizations.
Indeed Bitcoin has more value than Gold and other precious gems but anytime Bitcoin and cryptocurrencies will become worthless or will have no value at all but Gold will always be the all time currency since the beginning of the human civilizations.
bitcoin could probably be the replacement for gold
Probably but not entirely as gold is a big industry in itself so sinking it out wont be easy.
bitcoin could probably be the replacement for gold
Speaking at the Sohn Investment Conference on Monday, April 23rd, John Pfeffer, serial entrepreneur, investor, and currently a partner at Pfeffer Capital, declared that Bitcoin is the first viable replacement for gold.
John Pfeffer said that his anticipation is for Bitcoin’s price to rise to at least $90,000 or even significantly higher.
Bitcoin is better than gold on every point
Pfeffer made a few bold statements, apart from his optimistic Bitcoin price prediction. He also noted that the grandfather of all cryptocurrency is “better than gold.” Decentralization, as well as censorship resistance, are the core pillars of Bitcoin’s prominence, according to Pfeffer. Also, he makes a case that the largest cryptocurrency is “vastly easier to store and transact with than gold.”
Pfeffer also noted that if 25% of the foreign gold reserves were to be replaced with bitcoins, the cryptocurrency network would receive a total value of $6.4 trillion.
While Pfeffer’s statements are undoubtedly brave, to say the least, he isn’t the first one to hint that Bitcoin could eventually replace gold. At the end of 2017, the famous Winklevoss twins were quite firm in their belief, saying that “Bitcoin matches or beats gold across the board.”
A key sentiment can be noticed in both Pfeffer’s statement and the one from the Winklevoss twins. They are obviously isolating Bitcoin from other cryptocurrencies, and they are clear that they shouldn’t be intermingled. At the conference, Pfeffer was quite blunt, saying that the “majority of crypto assets are bad bets.”
RTC
Rothscointeam
John Pfeffer said that his anticipation is for Bitcoin’s price to rise to at least $90,000 or even significantly higher.
Bitcoin is better than gold on every point
Pfeffer made a few bold statements, apart from his optimistic Bitcoin price prediction. He also noted that the grandfather of all cryptocurrency is “better than gold.” Decentralization, as well as censorship resistance, are the core pillars of Bitcoin’s prominence, according to Pfeffer. Also, he makes a case that the largest cryptocurrency is “vastly easier to store and transact with than gold.”
Pfeffer also noted that if 25% of the foreign gold reserves were to be replaced with bitcoins, the cryptocurrency network would receive a total value of $6.4 trillion.
While Pfeffer’s statements are undoubtedly brave, to say the least, he isn’t the first one to hint that Bitcoin could eventually replace gold. At the end of 2017, the famous Winklevoss twins were quite firm in their belief, saying that “Bitcoin matches or beats gold across the board.”
A key sentiment can be noticed in both Pfeffer’s statement and the one from the Winklevoss twins. They are obviously isolating Bitcoin from other cryptocurrencies, and they are clear that they shouldn’t be intermingled. At the conference, Pfeffer was quite blunt, saying that the “majority of crypto assets are bad bets.”
RTC
Rothscointeam
I personally think that this bold assertion of Bitcoin by Pfeffer is a welcome development for the crypto business world. Such statements are a price booster to the financial crypto internet space. We expect more of these bold steps in the near future.
Speaking at the Sohn Investment Conference on Monday, April 23rd, John Pfeffer, serial entrepreneur, investor, and currently a partner at Pfeffer Capital, declared that Bitcoin is the first viable replacement for gold.
John Pfeffer said that his anticipation is for Bitcoin’s price to rise to at least $90,000 or even significantly higher.
Bitcoin is better than gold on every point
Pfeffer made a few bold statements, apart from his optimistic Bitcoin price prediction. He also noted that the grandfather of all cryptocurrency is “better than gold.” Decentralization, as well as censorship resistance, are the core pillars of Bitcoin’s prominence, according to Pfeffer. Also, he makes a case that the largest cryptocurrency is “vastly easier to store and transact with than gold.”
Pfeffer also noted that if 25% of the foreign gold reserves were to be replaced with bitcoins, the cryptocurrency network would receive a total value of $6.4 trillion.
While Pfeffer’s statements are undoubtedly brave, to say the least, he isn’t the first one to hint that Bitcoin could eventually replace gold. At the end of 2017, the famous Winklevoss twins were quite firm in their belief, saying that “Bitcoin matches or beats gold across the board.”
A key sentiment can be noticed in both Pfeffer’s statement and the one from the Winklevoss twins. They are obviously isolating Bitcoin from other cryptocurrencies, and they are clear that they shouldn’t be intermingled. At the conference, Pfeffer was quite blunt, saying that the “majority of crypto assets are bad bets.”
RTC
Rothscointeam
John Pfeffer said that his anticipation is for Bitcoin’s price to rise to at least $90,000 or even significantly higher.
Bitcoin is better than gold on every point
Pfeffer made a few bold statements, apart from his optimistic Bitcoin price prediction. He also noted that the grandfather of all cryptocurrency is “better than gold.” Decentralization, as well as censorship resistance, are the core pillars of Bitcoin’s prominence, according to Pfeffer. Also, he makes a case that the largest cryptocurrency is “vastly easier to store and transact with than gold.”
Pfeffer also noted that if 25% of the foreign gold reserves were to be replaced with bitcoins, the cryptocurrency network would receive a total value of $6.4 trillion.
While Pfeffer’s statements are undoubtedly brave, to say the least, he isn’t the first one to hint that Bitcoin could eventually replace gold. At the end of 2017, the famous Winklevoss twins were quite firm in their belief, saying that “Bitcoin matches or beats gold across the board.”
A key sentiment can be noticed in both Pfeffer’s statement and the one from the Winklevoss twins. They are obviously isolating Bitcoin from other cryptocurrencies, and they are clear that they shouldn’t be intermingled. At the conference, Pfeffer was quite blunt, saying that the “majority of crypto assets are bad bets.”
RTC
Rothscointeam
Jump to: