Can Bitcoin surpass Gold? - page 2. | Bitcointalksearch.org

tread93

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Quote from: Pmalek on December 12, 2024, 11:40:11 AM

There is a long way if bitcoin is to overtake gold in terms of market cap. But let's not forget that never generations and their investors will probably see more value in bitcoin than in gold. Things may change in a future when we are no longer here.

Gold's market cap is over $18 trillion. Bitcoin's is around $2 trillion. Bitcoin would have to be worth around $1 million per coin to surpass gold. That's ten times its current value. We have already seen such predictions being made for the year 2050 or something like that. Usually when I am pessimistic about something, it happens. So I will be a pessimist and say that bitcoin won't overtake gold.

Haha I can even sense the pessimism in the beginning of your posting. I am positive that bitcoin will surpass gold with time, I honeslty think itll happen proabably within the next 5-10 years and even closer to 2035 than 2050! Bitcoin is just getting started and I can't believe its only 16! Shoot brother Bitcoin just got his license and is starting to drive his Dodge Challenger revving up the engine and having a little bit of fun before that young man starts makikng some moves and upgrades to a McLaren XD

Onyeeze

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Quote from: Zeddquiver on December 13, 2024, 11:32:23 AM

Due to the rapid increase and progress of bitcoin since 2013 till date,It is likely to say that by 2029 ,bitcoin if keeping up its rate of increase in monetary exchange is likely to surpass gold in its market capitalization,which currently stands at about $17 trillion.

That's assumption because you have no facts about it, bitcoin and gold is not in competition in the Labour markets, what we know is that both of them is a digital currency and when looking at it, you will know that price of bitcoin do get appreciated like yearly and is trying to meet the standard of gold currency, so what I know is that gold has a different goal and bitcoin also has a different goal,but the thing is that people wish to invest on the one they know very well, you know gold has been in existence for long time and most rich people and some countries reserved gold for economy purposes, but its hard before you see a country investing on bitcoin for future purchases and if check round its few countries can invest on Bitcoin why majority is investing on gold, so the gap between bitcoin and gold is still far away

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With Bitcoin scarce, its supply held tight, ETFs seeks it, day and night. MSTR buys btc at every chance, Fueling the fire of its advance. Gold, they say, is bound by strings, Manipulated by papered things. New deposits still come to light, But Bitcoin’s climb seems set for flight. If not next year, just wait and see, By 2030, its victory. Its market cap, so bold and grand, May soon outshine gold’s golden stand. Wink

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at present,the gold can be more price in the world but the bitcoin spread to gold.In fact,this generation will not see and next generation used to bitcoin alternative to gold. It is really that the bitcoin will familiar with in the world.we are victim that bitcoin valuable asseat. At least, this asseat is number of 10 in the world.

I think,bitcoin is valuable asseats and most of the country is illegal bitcoin but gold is economic gold in the market. We can think that the bitcoin avoid of gold in 2050 years.

The young mea agree with to bitcoin and invest in the bitcoin. The gold can be valuable asseat but in the future bitcoin will speead to gold.

johnnyyash

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I still support Diversification
Though they are both store of values, there are needs Gold can satisfy that Bitcoin can't
So it's relevance can't be overlooked even if it surpassed by Bitcoin.
Yeah Bitcoin has the potential to surpass Bitcoin and like said Potential
But just Potential wouldn't cut it.
I trust in the failings of Fiat and this would increase the likelihood of Bitcoin surpassing Gold in the shortest time.
[/quote]

i equally agreed with you, well said.....

Antotena

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Quote from: ? on December 12, 2024, 11:23:08 AM

I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge increase in price to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

You are a quite a good thinker but have you thought about how expensive Bitcoin can go if Bitcoin is given the chance gold is given. There is no place around the world Bitcoin is used as Bank reserve but Gold is almost used in every country and recognize as a legal entity. There is no country on earth that hate Gold, even around places where democracy is not practice, Gold is used in those places. Now imagine if Bitcoin has the same opportunity, don't you think one Bitcoin will be worth $10m?

What you should know is that some people are holding Gold because it's either they have been there for long time and are receive as generational wealth. If they can or get the opportunity to turn their gold to Bitcoin, they would have done it many years ago. Have you thought how much it will be worth having $1m of Gold the same price as the price 4 years ago while Bitcoin holders are making $90k per Bitcoin in just 4 years of holding their Bitcoin.

betswift

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Quote from: EarnOnVictor on January 08, 2025, 03:58:56 AM

What a word of wisdom! This issue of Gold and Bitcoin has long been debated and I do not see a reason why the debate should continue but for us to wait and see what will happen. Bitcoin is undoubtedly doing great, that's the reason for this comparison, but we should not forget that it has a long-term bearish season too and has not tasted life as long as Gold has.

Overcoming the test of time matters, especially as I envisaged more stringent regulation in the crypto space over time.

Some just see gold as something that should be gone in the long run, and Bitcoin would take its place as the superior, however - it's never like this in the minds of the big institutions, currently. They still view Bitcoin and the space in general like a predator views its prey - they move bit by bit towards their goals and they don't push too hard, as they already have lots of tools to make what Bitcoin essentially is to them currently - a new brand thing to invest and accumulate.

EarnOnVictor

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Quote from: betswift on December 31, 2024, 05:38:27 AM

Quote from: reagansimms on December 30, 2024, 09:35:32 PM

After Bitcoin managed to break through the $100k mark, various assumptions emerged about Bitcoin's potential in the future, whether Bitcoin could replace gold as a store of value or not. If we draw a line back since its inception, Bitcoin's market capitalization has soared by ±350,000%, far surpassing gold which is a traditional safe haven asset, so this fact shows that Bitcoin has the potential to become a more valuable asset than gold.

Although volatility and skepticism still pose challenges for investors trying to hold large amounts of Bitcoin for the long term, Bitcoin has been recognized and trusted by Investors as a future asset with the potential to replace gold as the primary store of value. Some people still argue that gold is still a more reliable safe haven asset because it has a long history and intrinsic value, but that is just their assumption and I don't want to argue about it because in life there are always pros and cons to everything.

There won't be a moment where one would change another till the end times.
Gold is there when there is instability, Bitcoin - when there is confidence.
That's how I see it.

What a word of wisdom! This issue of Gold and Bitcoin has long been debated and I do not see a reason why the debate should continue but for us to wait and see what will happen. Bitcoin is undoubtedly doing great, that's the reason for this comparison, but we should not forget that it has a long-term bearish season too and has not tasted life as long as Gold has.

Overcoming the test of time matters, especially as I envisaged more stringent regulation in the crypto space over time.

betswift

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Quote from: Smack That Ace on January 07, 2025, 10:07:19 PM

Quote from: Abiky on January 07, 2025, 08:26:17 PM

Diversification is key towards building generational wealth. It's what rich people do. If we want to be successful, we must follow their footsteps. Who knows how far will both BTC and Gold go?

Diversification is key in investing and most people are aware of the benefits of diversification but the problem is that not everyone has the ability to invest in multiple assets at once. So most people will compare and make choices so comparing between asset for investment will never end.

They would need to make a choice, then. The best way out - is mainly to put your funds in Bitcoin, all the rest is out of the question or is put as an addition to it.

tottong

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Quote from: ? on December 12, 2024, 11:23:08 AM

I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold?
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.

Bitcoin has progressed faster than many expected and even bitcoin was not considered the best investment asset before everything happens like this.
But what is happening now and maybe many people are starting to consider bitcoin as the best investment step so that bitcoin's growth every day will be greater than most previous investments. In terms of surpassing gold's market capitalization it may take time for bitcoin to achieve that but in terms of surpassing gold's capacity in terms of returns, bitcoin is far superior to gold now.

Both are still the best in my opinion, only the volatility of bitcoin can provide faster returns for profit issues even though bitcoin is quite speculative and can change very quickly in price in the market.

NewRanger

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Quote from: reagansimms on December 30, 2024, 09:35:32 PM

After Bitcoin managed to break through the $100k mark, various assumptions emerged about Bitcoin's potential in the future, whether Bitcoin could replace gold as a store of value or not. If we draw a line back since its inception, Bitcoin's market capitalization has soared by ±350,000%, far surpassing gold which is a traditional safe haven asset, so this fact shows that Bitcoin has the potential to become a more valuable asset than gold.

Although volatility and skepticism still pose challenges for investors trying to hold large amounts of Bitcoin for the long term, Bitcoin has been recognized and trusted by Investors as a future asset with the potential to replace gold as the primary store of value. Some people still argue that gold is still a more reliable safe haven asset because it has a long history and intrinsic value, but that is just their assumption and I don't want to argue about it because in life there are always pros and cons to everything.

I think it's simple, even though those who like trading will see how the BTC price performs, even though sometimes it only gives a little profit because of in and out, but the growth of the BTC price can always be relied on to bounce back when there is a correction rather than buying other than BTC.

In addition, I think for BTC what is needed is that we are patient and wait for the right price for us to release if there is a sudden need and the principle is not much different when we want to sell. For me BTC and gold have the same pattern (save haven) only the BTC price performance is quite volatile in the market. The point is whatever assumption will be taken whether the trading system or investment will be a key factor in the assessment.

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Quote from: Abiky on January 07, 2025, 08:26:17 PM

I still believe BTC will replace Gold as the world's leading store of value. But that doesn't mean the "yellow metal" will go away. There will be a small fraction of people that will admire its characteristics. Even Silver is admired by many (despite the fact that it's undervalued).

That is completely possible because bitcoin's potential is also very large and is not inferior to gold. But the question is when will that happen and what people are debating is that many believe it will happen in the next few years while many others believe it is still too early for bitcoin to overtake gold.
Bitcoin's current market cap is only 2 trillion while gold is 18 trillion, I can't imagine how Bitcoin can reach 18 trillion in just a few short years.

Quote from: Abiky on January 07, 2025, 08:26:17 PM

Diversification is key towards building generational wealth. It's what rich people do. If we want to be successful, we must follow their footsteps. Who knows how far will both BTC and Gold go?

Diversification is key in investing and most people are aware of the benefits of diversification but the problem is that not everyone has the ability to invest in multiple assets at once. So most people will compare and make choices so comparing between asset for investment will never end.

Abiky

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Quote from: Alone055 on January 02, 2025, 02:20:54 PM

Exactly my thoughts on this. We don't need to compare the two or think one is better than the other, etc. Diversification has always been a method proven safer than putting all your money into one asset. If you know you have enough money you can diversify; you can go for both, or better yet, go for more and add real estate into the mix as well; it's also something that has a lot of potentials and the prices of properties keep going higher over time, and we all know it, regardless of the geographical location.

The reason why smart and rich people keep getting richer is that they invest money in multiple industries with huge potential. They know it's foolish to invest all the money in one area and then regret it in case the investment doesn't work. With diversification, even if one of your investments doesn't generate the desired results, another will cover up for it eventually.

I still believe BTC will replace Gold as the world's leading store of value. But that doesn't mean the "yellow metal" will go away. There will be a small fraction of people that will admire its characteristics. Even Silver is admired by many (despite the fact that it's undervalued).

Diversification is key towards building generational wealth. It's what rich people do. If we want to be successful, we must follow their footsteps. Who knows how far will both BTC and Gold go?

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Quote from: Abiky on January 02, 2025, 01:49:06 PM

It wouldn't hurt buying and holding these two for the long term. They prove to be perfect stores of value. With rising geopolitical conflicts and stubborn inflation, prices for these commodities will only go higher in the future. I'll be watching their performance closely.

Exactly my thoughts on this. We don't need to compare the two or think one is better than the other, etc. Diversification has always been a method proven safer than putting all your money into one asset. If you know you have enough money you can diversify; you can go for both, or better yet, go for more and add real estate into the mix as well; it's also something that has a lot of potentials and the prices of properties keep going higher over time, and we all know it, regardless of the geographical location.

The reason why smart and rich people keep getting richer is that they invest money in multiple industries with huge potential. They know it's foolish to invest all the money in one area and then regret it in case the investment doesn't work. With diversification, even if one of your investments doesn't generate the desired results, another will cover up for it eventually.

Abiky

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Quote from: reagansimms on December 30, 2024, 09:35:32 PM

After Bitcoin managed to break through the $100k mark, various assumptions emerged about Bitcoin's potential in the future, whether Bitcoin could replace gold as a store of value or not. If we draw a line back since its inception, Bitcoin's market capitalization has soared by ±350,000%, far surpassing gold which is a traditional safe haven asset, so this fact shows that Bitcoin has the potential to become a more valuable asset than gold.

Although volatility and skepticism still pose challenges for investors trying to hold large amounts of Bitcoin for the long term, Bitcoin has been recognized and trusted by Investors as a future asset with the potential to replace gold as the primary store of value. Some people still argue that gold is still a more reliable safe haven asset because it has a long history and intrinsic value, but that is just their assumption and I don't want to argue about it because in life there are always pros and cons to everything.

Price-wise, Bitcoin already surpassed Gold. But in terms of market cap, it's still lacking behind. I guess overcoming Gold is quite challenging considering that it has been trusted by humanity for centuries. Gold's market prices have been relatively "static", but market cap is still at its ATH.

Time will tell us what will happen with both BTC and Gold. It wouldn't hurt buying and holding these two for the long term. They prove to be perfect stores of value. With rising geopolitical conflicts and stubborn inflation, prices for these commodities will only go higher in the future. I'll be watching their performance closely.

SuperBitMan

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Gold has been in existence for thousands of years and Bitcoin is just 16 years old since it's existence, now with how Bitcoin is growing you will know that a time will come when Bitcoin will surpass Gold in market cap, right now a lot of people are choosing Bitcoin over gold and that is only what Bitcoin needs to surpass Gold, some countries have started buying Bitcoin and storing it and if it continues like this Bitcoin will become more valuable.
If we judge by the number of years this two have been in existence then we can conclude that if Bitcoin stay for more 10 to 20 years it will surely surpass Gold, yes Bitcoin is highly volatile but it's volatility those not stop it from growing in value and price so Bitcoin volatility is not something that one can say will work against Bitcoin surpassing gold.
Gold is not more reliable than Bitcoin some people thinks because Bitcoin is volatile it's not reliable and that's not true, because even when Bitcoin experience a dip it those not really go that low there's just little difference, so Bitcoin is a reliable asset to hold now than Gold.

MainIbem

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Quote from: Cookdata on December 31, 2024, 03:27:54 PM

Quote from: ? on December 12, 2024, 11:23:08 AM

I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge increase in price to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

I never imagine $100k will be that fast, didn't even expect it this year but it came earlier than Christmas and everyone celebrated it. Do I know when $200k will come? No! Is it possible? Yes! Can the value continue to increase? Yes!, as long as its never banned. Now, tell me how Gold or any other asset can come close to Bitcoin, they are different assets control by different people with different missions, one is for the people and the other is for the elite.

Bitcoin doesn't have definition of gold, in fact by supply they are not related because Bitcoin is capped to a number and that number will remain the same as long as it existed but nobody even the government doesn't know the total the market cap of Gold, it's just an estimate. There are some wealthy people that because of privacy has hidden their gold from the public and miners every day go to the mining farm to try their luck to mine new grams and kilograms, Bitcoin isn't Gold and vice versa.

The truth remains that we all don't know when Bitcoin would reach $200k, no one expected Bitcoin to reach $100k before Christmas, it's something majority speculated and it come earlier, that's to tell how fast Bitcoin is growing and just as it increased to $100k, it would definitely get to 200k and more and could even come earlier than expected, some top whales are already anticipating $500k and $1m already to show that people are already believing the possibility of the coin improving in the near or far future. However whether Bitcoin has the ability to surpass Gold, that were yet to know cause Bitcoin has a limited supply while Gold being a natural resource has infinite supply and the market cap can only be speculated but given that we've seen Bitcoin surpass Silver I means that it has a very strong potential of challenging Gold, it's called digital Gold for a reason.

Cookdata

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Quote from: ? on December 12, 2024, 11:23:08 AM

I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge increase in price to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

I never imagine $100k will be that fast, didn't even expect it this year but it came earlier than Christmas and everyone celebrated it. Do I know when $200k will come? No! Is it possible? Yes! Can the value continue to increase? Yes!, as long as its never banned. Now, tell me how Gold or any other asset can come close to Bitcoin, they are different assets control by different people with different missions, one is for the people and the other is for the elite.

Bitcoin doesn't have definition of gold, in fact by supply they are not related because Bitcoin is capped to a number and that number will remain the same as long as it existed but nobody even the government doesn't know the total the market cap of Gold, it's just an estimate. There are some wealthy people that because of privacy has hidden their gold from the public and miners every day go to the mining farm to try their luck to mine new grams and kilograms, Bitcoin isn't Gold and vice versa.

betswift

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Quote from: reagansimms on December 30, 2024, 09:35:32 PM

After Bitcoin managed to break through the $100k mark, various assumptions emerged about Bitcoin's potential in the future, whether Bitcoin could replace gold as a store of value or not. If we draw a line back since its inception, Bitcoin's market capitalization has soared by ±350,000%, far surpassing gold which is a traditional safe haven asset, so this fact shows that Bitcoin has the potential to become a more valuable asset than gold.

Although volatility and skepticism still pose challenges for investors trying to hold large amounts of Bitcoin for the long term, Bitcoin has been recognized and trusted by Investors as a future asset with the potential to replace gold as the primary store of value. Some people still argue that gold is still a more reliable safe haven asset because it has a long history and intrinsic value, but that is just their assumption and I don't want to argue about it because in life there are always pros and cons to everything.

There won't be a moment where one would change another till the end times.
Gold is there when there is instability, Bitcoin - when there is confidence.
That's how I see it.

Smack That Ace

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Quote from: reagansimms on December 30, 2024, 09:35:32 PM

After Bitcoin managed to break through the $100k mark, various assumptions emerged about Bitcoin's potential in the future, whether Bitcoin could replace gold as a store of value or not. If we draw a line back since its inception, Bitcoin's market capitalization has soared by ±350,000%, far surpassing gold which is a traditional safe haven asset, so this fact shows that Bitcoin has the potential to become a more valuable asset than gold.

Although volatility and skepticism still pose challenges for investors trying to hold large amounts of Bitcoin for the long term, Bitcoin has been recognized and trusted by Investors as a future asset with the potential to replace gold as the primary store of value. Some people still argue that gold is still a more reliable safe haven asset because it has a long history and intrinsic value, but that is just their assumption and I don't want to argue about it because in life there are always pros and cons to everything.

There is no denying that when looking at the growth of bitcoin, it is not difficult to understand why many are rushing to declare that bitcoin will soon surpass gold at this rate. But what guarantees and certainty do you have that bitcoin will be able to maintain steady growth until it surpasses gold? Not to mention, the gap between these two assets is huge and gold will not stand still and let bitcoin surpass it. As romero121 said: gold's capitalization increased by more than 7 trillion from 2021 to 2024, while bitcoin only increased by more than 1 trillion.

People who say gold is a safe haven, a more reliable asset, they are just stating what is actually happening, they are not making assumptions. Those who think bitcoin will surpass gold, they are the ones making assumption because bitcoin is still very small compared to gold at the moment.
Bitcoin surpassing gold is not a simple matter, let's be realistic.

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