Topic: Can Bitcoin surpass Gold? (Read 2140 times)

It's about speculations 
But in the long run, surely, BTC will gain more and more relevance. Because Gold will always be there, but Bitcoin will only get more and more traction.

Of course. Bitcoin outperforms Gold by a long shot. It's just that most people either haven't heard about Bitcoin or used it yet. Especially, people living in developing countries and authoritarian regimes. The world still trusts Gold because it has been around for centuries. Bitcoin is just getting started.

With due time, I believe Bitcoin will surpass Gold. This would only be possible in digitized society. At least, that's what I think will happen in the long run. Like I've said before, Gold will lose investor appeal as it shifts its focus into jewelry and electronics. I can't predict the future, so anything's possible.

Let’s not forget, in the hands of the government, certain commodities are tools for control. Government likes to be in control and with that, you can’t hope that they would at some point put Bitcoin ahead of gold. That projection isn’t going to happen. Why the lots of them might be looking to flock into Bitcoin at the moment is largely due to what they could salvage from it and its volatile nature, nothing more. When it comes to gold, the case is different, they remain true to gold than we would say for Bitcoin. It would be really difficult and an interesting turn of events should this ever happen.

When talking about capitalization for now it is ultimately still quite far when talking about bitcoin with gold but it does not mean that it cannot be surpassed because the possibility is still quite surpassable but not in the near future.

This is not about being optimistic or pessimistic but we are talking about being realistic now so indeed in the end even though bitcoin is very good for now but we still need time if we really want to surpass gold. It's just that there is certainly a good hope when looking at the potential of bitcoin then indeed the possibility of surpassing is still there even very much there but we still need a few years, decades or even a little longer than that to see bitcoin surpass gold.
It's not that I don't want bitcoin to do that but we need a process because even a rapid rise may not be very good in the end so we just need to wait for that time to happen.

If you look at the growth of bitcoin throughout 2024, it has recorded a record increase and even beats the growth of conventional gold. Although gold currently still occupies the top position in the market capitalization of all assets in the world, while Bitcoin is still below, Bitcoin also shows the potential to replace gold, but when that will happen is still uncertain. Because there are many factors that hinder bitcoin such as government regulation and adoption by financial institutions. This will certainly play an important role in determining the success of Bitcoin to replace gold in the future.

On the other hand, gold is currently still a more stable safe haven asset than bitcoin and because gold also has a long history and intrinsic value. So even though Bitcoin's market capitalization has currently soared and has even surpassed gold, which is a safe haven asset. However, to overtake gold at the top of the market capitalization of all assets in the world, it takes a long time and many factors must be passed. Because indeed bitcoin has currently shown the potential to become a more valuable asset than gold. So as a bitcoin holder, of course I hope that bitcoin can quickly surpass gold in the market capitalization of all assets in the world, because bitcoin has great potential as a store of value asset or primary storage in the new era like today.

Yes, technology is developing very fast but do you know that humans still cannot exploit all the gold on earth, let alone exploit gold outside the earth, that is still just an illusion.
It takes decades and costs tens of billions of dollars to mine a gold mine, and it can be said that gold mining is very difficult, expensive and time-consuming, not as simple as we often think.

In the more distant future, when gold on the Earth's surface is depleted, humans will certainly think of mining it from other planets, this scenario is entirely possible. But imagine how high the price of gold will be when the mining cost and mining difficulty increase many times over. Meanwhile, the demand for gold will not decrease because it has a lot of industries that need it. So that only increases the value of gold and its capitalization by hundreds of trillions of dollars, not decreases it as we think.

The term is just he closest thing to compare BTC with, and people do love analogies.
But I agree with all the other points.

Digital gold actually exists, you can buy small fractions of gold and the company stores it for you.

Here's one example at the Royal Mint:  https://www.royalmint.com/digigold/digi-gold



Bitcoin is unique, much better than digital gold, as you can be certain that your Bitcoin is yours, and you can trace it.

You can't do that with digital gold, you have to trust a third party.

Bitcoin is way better than digital gold.

volatility of bitcoin will significantly be reduced once BTC is approved for strategic bitcoin reserve and then big corporation and institutional investor will put their money, which mostly made up of passive investor, who just holds, into bitcoin and as a result lesser supply in the market and greater stability of price.

although you say asteroid mining is farfetched tale, I don't think it's that far from happening, technology advancement happen at really fast rate, see the technology 100 year ago and compare it to now, then you'll realize maybe in just 30 year we already have the technology for asteroid mining.

True. Gold will continue to rise in market cap. But as the world shifts into the "digital realm", physical/tangible assets will lose their appeal among the general public. In other words, people will value intangible items more (like Bitcoin, NFTs, etc) than tangible ones. Gold will eventually lose its investment appeal, shifting its focus into the industrial world. It will only be used for jewelry and some electronics.

Bitcoin will become the next "digital Gold" due to its unmatched security/reliability/decentralization and added scarcity. I believe it will go higher than $1m in the future. Imagine how big its market cap will be once this happens. The time to get into BTC is now. Buy it while it's still "cheap". Otherwise, you'll regret it. You'll thank me later.

For as long as the internet exists, digital gold. Volatility has been stabilizing for quite some time now and will likely continue as time goes on. Bitcoin surpasses value proposition to gold in most ways, in my opinion. Only if the internet's availability becomes compromised or questionable, then gold...though by that point there will probably be much bigger things to worry about than whether to hold gold or Bitcoin as an investment.

Gold has been in existence for thousands of years now and a lot of people has known gold, but Bitcoin is just 16 years old but is still making this great wave, there will be a time when the old generation that still value gold will be no more and all the people alive will be people that value Bitcoin more than Gold, right now the younger generation values Bitcoin more than Gold, and if you see what is happening now you will notice some countries have already started there Bitcoin reserve and others are planning to start, Bitcoin has a fixed number and it can't be more than that number a time will come where buying Bitcoin will be more difficult than now because people most have hold all, there by making it more expensive, gold can be gotten as many as possible it those not have limit something like this can't be compared to something that has limit, a time will come when Bitcoin will be accepted for all kind of trade and will be legalized by many country as a means of transaction when that time comes Bitcoin will be more than Bitcoin even in market cap.
The margin between Gold market cap and that of Bitcoin may be long but that those not mean Bitcoin can't surpass it as time goes on.

Bitcoin and cryptocurrencies will continue to grow and get bigger as the demand for it increases, and bitcoin's capitalization could reach $18 trillion in the future. But don't forget, gold's market cap will continue to grow as well, it won't stand still waiting for bitcoin to overtake it. As some have shared, gold's capitalization has also increased significantly over the past few years and that is not a slow increase for a large-cap asset, so don't underestimate gold's growth. So I am also pessimistic that bitcoin will not surpass gold.

With rising geopolitical uncertainties, the demand for gold is expected to continue to increase in the coming years and that will help gold capitalization reach new heights in the coming time. Bitcoin will need to work harder if it wants to catch up to gold in terms of capitalization.

Monetary-wise bitcoin's already surpassed gold.

Longevity speaking though, that is a little hard to discern. Gold's been the standard of money ever since we learned how to count. It has value that we have already agreed upon and while it doesn't rise as fast as bitcoin, it's on a steady increase as the supply here on Earth dwindles. A case could be made for mining precious metals on nearby asteroids or whatever but that's a farfetched tale the way things are looking right now, and besides, it's not as if that will immediately dilute the value of gold anyway.

Bitcoin however, while fairly valued, is a little volatile for most people's tastes. This could deter them from investing, and not to mention the immutable supply which will only make it harder to get a hold of a bitcoin in the future.

Numbers don't lie, but the gap between those two markets is still huge, I think it's posible to see bitcoin with a 18 trillions market cap, but cryptos and markets will need some years to see that grow in the market cap.

So, I think it's totally possible, but It will take time, at least some years.

Maybe in a decade, or maybe a bit longer.
As time would go on, people and institutions will look at BTC more and more.
Sure, for now, it's not as used as gold per se, but we see more interest to the crypto space and its ideas than in traditional ways, and BTC is the bulwark of stability amidst the chaos we see every day.

Which asset will be superior, we need to evaluate and compare their use cases and needs in the world.

Currently, the demand for bitcoin is just as an asset for speculation and that is why many people are very interested in it but there are also many people who are not interested in bitcoin. Meanwhile, the demand for gold is not only as an investment asset, storing value but also used in daily life as jewelry, applied in most industries...

So for bitcoin to surpass gold, it not only needs to become more popular, but the demand for it needs to change beyond simply being used as a speculative asset. But even that is not enough to surpass gold because the demand for gold will certainly continue to increase and even increase more strongly. That would be a very difficult task for bitcoin and I don't think it can be achieved anytime soon.

Gold has been trusted for centuries, while Bitcoin is just starting blossom. It's normal to see most countries skeptical of the new "digital Gold". With due time, confidence will be gained, paving the way for Bitcoin to replace Gold. This is inevitable. Especially because of the way Bitcoin was designed.

It's likely BTC will be very expensive in the future. But that shouldn't be a problem, when you can buy small fractions (satoshis) of it. You can decide to buy and "hodl" Bitcoin today to build wealth in the long term. The crypto market is full of surprises, so expected the unexpected.

Bitcoin's market cap would have to grow nine times to equal that of gold. At the same time, gold's market cap would have to remain the same, without appreciating. I don't think that's very realistic. Even if we all agree that bitcoin will be worth much more in the future, what signs are there that gold's value will significantly depreciate and lose its demand?

Not only you, many others also believe that bitcoin will surpass gold in the next 5-10 years or even many people are delusional that it will happen in this cycle when bitcoin becomes national reserve and reaches 1 million dollars. But in reality, it's all just wishful thinking stemming from your bitcoin passion, and there's no data to show that it will happen in the next few decades.

I don't deny the incredible growth of bitcoin over the past 16 years but saying that the demand for it will surpass gold and have a larger capitalization than gold sounds far-fetched. I did some research and found out that Bitcoin's market cap has almost doubled since 2021, meaning Bitcoin's market cap has only increased by 1 trillion in the last 3 years. Meanwhile, the gold market cap has increased by 9 trillion in that same time and this is such a big gap that I don't think bitcoin can catch up. It is clear that the demand for gold is huge and far exceeds the demand for bitcoin even though bitcoin's growth rate is considered superior.

Bitcoin will continue to grow but the growth rate will definitely slow down because as the capitalization increases, the volatility will become smaller and smaller. Meanwhile, gold is not going to stop at $18 trillion and crossing the $30 trillion mark is just a matter of time as the demand for gold has even increased in recent years due to the unstable situation in the world.

https://ingoldwetrust.report/chart-gold-bitcoin-marketcap/?lang=en