Topic: Can Bitcoin surpass Gold? - page 3. (Read 2140 times)

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 that this is an easy question to answer, and I am surprised that more do not answer it this way:

Gold is still the center of gravity in the world's financial and banking system. Gold is what will be used to recapitalize the system if and when it fails because gold is the only asset on central bank balance sheets that is not someone else's liability. This is the reason why European countries had to contribute gold during the formation of the Euro, and why they contirbuted in proportion to the relative sizes of their economies. Now if you look at the current dollar price of the world's gold, compared to all the existing debt, the current price of gold is miniscule. If the system needs to be rebooted, gold will be revalued overnight (or during the two week banking holiday), and when markets reopen, the purchasing power of gold will be 10x or 20x or 50x higher than it is today. This is why central banks hold gold, and a big reason why non-USD aligned countries continue to purchase gold and take possession of it. Bitcoiners should not underestimate the power of TPTB to use gold to reboot the system. There are good reasons to use gold as the fulcrum: The fact that it is held in relative proportion to the size of each economy can be a stabilizing factor during a time that will be tumultuous over the short term. That might actually help to prevent a major world war. Don't rule out the possibility of a Bretton Woods style conference if the system freezes up. But even in the absence of some coordinated action, the fact that gold is already on those balance sheets makes it the default mechanism for recapitalization. Remember this: You do not hold gold expecting a bitcoin-style bull market. You hold gold waiting for the eventual one-time overnight revaluation, which can only happen when the system freezes up. For this reason, comparing the recent performance of gold compared to bitcoin completely misses the reason to hold gold.

Bitcoin will overtake gold in the long run. If the game theory plays out, then all countries will be forced to acquire it, just as they already possess gold. But there are great risks, destabilizing risks, if the system tries to recapitalize against bitcoin, rather than gold, in the short term. The fact that some countries may move before others increases the risk of armed conflict if bitcoin becomes the new fulcrum in the recapitalization of the world's financial system. While it is possible to imagine a Bretton Woods type conference to coordinate a reboot by revaluing gold, at the present time it is inconceivable to imagine such a Bretton Woods type conference to agree on bitcoin as the new anchor.  This is why I think there will be a major revaluation of gold as an intermediate event, though bitcoin may win out in the long run.

For this reason I think it is foolish to try to pick one over the other, and the only sensible decision is to hold both. The difficulty is in selecting the right proportion, which will be different depending on one's circumstances.

Well, I think the main issues are the high network fees and slow confirmation times. People can't use BTC as digital currency this way. It's why Bitcoin has been touted as the next "digital Gold". The limited supply "adds more fuel to the fire". Besides, governments will never allow a decentralized cryptocurrency to take over Fiat. After all, they want control/power. With CBDCs on the brink of launch, BTC will remain a store of value (digital Gold) forever.



Of course. Fiat will always be important so long as governments exist. We can forget about Bitcoin replacing Fiat in the future. Unless, governments decide to ditch Fiat in favor of Bitcoin. But that's a big IF. Control/power goes above all else, right? If governments surrender Fiat, they'll be giving the power back to the people. Who knows what will happen in the future?

Well when you talk about Gold and Bitcoin there is always an argument and one of many argument is Gold is been here for thousand of year while bitcoin just here like a decade or so and not all people gonna believe in bitcoin.

But things are about to change because now big institutions have started to buy Bitcoin big company and even a country start to buy bitcoin

back to your question can bitcoin surpass gold I dont know maybe someday


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

If Bitcoin surpasses gold, it will not be a surprise because the price Bitcoin was at in 2014 has increased hundreds of thousands of times after a decade, making all the past ideas a reality. We won't be surprised if Bitcoin overtakes the gold market in the near future because Bitcoin prices will increase day by day where Bitcoin supply is limited and public demand is high.

Govs and corpos do already see and make things in that direction - so yeah.
Not much is needed to be changed for that view of Bitcoin to stick in the years to come by any party.

I even think it will never happen, bitcoin will hardly replace fiat because of the government. Because accepting and using a currency that is not under their control will make it very difficult for them to control the people and regulate the economy. Using decentralized currency is only beneficial for the people and not for the government and the economy, that is why they never intended and wanted to recognize bitcoin as a currency.

In the future, if fiat is eliminated and replaced by another currency, I am pretty sure it will be a currency created and controlled by the government, bitcoin will have very little chance of being chosen.

During the year 2021, bitcoin reached the $1 trillion market cap. During the same time period, the market cap of gold was $11 trillion. At present the market cap of bitcoin is around $2 trillion, whereas the market cap of gold is $18 trillion. What a huge difference between the two. For bitcoin there is an increase of $1 trillion, whereas with gold the increase is $7 trillion. This shows that people are much more connected with traditional investment. The growth happens when the awareness along with the real-time usage increases all around the world.

To surpass gold isn't an easy thing. Maybe this can happen in the future. People consider gold as a risk-free investment, which means even the person who says, I'll go completely with bitcoin investment, will have at least a small percentage in gold investment if his portfolio is examined.

I am guessing that it would be a lot easier to accept bitcoin if it did not threaten the use case of fiat and only served as an investment opportunity which is why people like to compare it more to gold than to fiat
this would be far off imo it could happen but not at least in the next 10 years fiat still is very important and crucial to everyday transactions and it would be difficult to have everyone be on board with cryptocurrency

If you want to invest in future, then you have to invest in Bitcoin. Just have a look what has happened, at first we were exchanging things with each other, then we moved on silver and gold coins, then on papers, then on fiat and later, in 2008, an innovation by Satoshi Nakamoto has happened.
Gold is widely utilized compared to Bitcoin because Gold is one of the earliest currency. It's almost the most stable because of its past. For centuries, everyone has been using it as a value of wealth.

I am not 100% sure whether Bitcoin will surpass gold or not but I'm sure that the future belongs to technologies. Bitcoin is a technology, a digital one and future belongs to it.

To be precise, Bitcoin is better than gold in terms of returns. But the question is, if bitcoin's market cap were as high as gold's or if it were half that of gold's, would bitcoin still be as volatile and profitable as it is today? Or it will also become as stable as gold because the larger the capital, the higher the stability. That is why bitcoin volatility as well as bitcoin returns are decreasing year by year as the market cap increases. Bitcoin used to give returns of thousands of percent, even millions of percent but we don't see that anymore.


But what if that proposal fails? Can Bitcoin overtake gold? Honestly, Trump's proposal to make Bitcoin a national reserve currency will face a lot of challenges and I'm not optimistic that it will be passed anytime soon.

https://economictimes.indiatimes.com/markets/cryptocurrency/powell-says-fed-cannot-hold-bitcoin-not-seeking-to-change-that/articleshow/116455190.cms?from=mdr

I don't know, i don't see it as a prestige thing but a convenience thing
gold is a good way to store money without it being eaten up by inflation due to the wild printing of fiat money
but it is inconvenient, dangerous, difficult to store and transport
bitcoin surpasses it in this; of course is my opinion

If I say it from a general point of view, the total market cap of gold is several times more than Bitcoin, but if we talk about the potential and observe the growth in a short time, then we will definitely say that Bitcoin is the best. In the last 1 year, Bitcoin has increased by more than 100%, whereas the price of gold has not increased in that proportion.

Another important reason why Bitcoin has surpassed gold is that Bitcoin has now been proposed to be used as a reserve currency. El Salvador is already working on it. They are holding Bitcoin. On the other hand, the newly elected President of America, Donald Trump, has proposed to establish a strategic reserve with Bitcoin. Due to which people's desire for Bitcoin will increase more than gold in the coming days. If an attempt is made to reserve Bitcoin based on the country, then it will not be difficult to guess what level Bitcoin can reach. The Bitcoin market is constantly growing and this trend will continue.

https://www.forbes.com/sites/digital-assets/2024/12/25/bitcoin-vs-gold-the-new-era-of-reserve-assets/

My view is simple.. If OP asks that, I think OP already knows what the most appropriate answer is, but at least by asking that, OP will get a lot of additional insight, what and how BTC's performance and potential will be in the future. Now, it's back to us, which one is more interesting and profitable for us to invest in the long term.

There is no point of arguing with a friend over nothing, bitcoin digital gold is the best compeard to the said Traditional Gold. There are many things that makes bitcoin more reliable and trustworthy to invest over traditional gold , which has been overly emphasis in different places in the forum. Which includes transparency, divisibility, portability, volatility etc. bitcoin is just 15years old heading to 16years, yet it has gained alot of buzz and has gained recognition so fast due to its important characteristics. I believe if bitcoin stays 15 more years it will do wounder. Emagine gold being in existence since the world began and has been in this status and a 15years project has already taken %2/10  of the total market cap, meaning if bitcoin is given more chance it will supersede gold. So obviously bitcoin is the digital gold which is taken over from the traditional Gold. Just like a child will take over inheritance of his father's wealth.

Feels like it is going to take a while though, too many people are waiting for this to happen right away, but you have to understand that it is not going to be something that happens right away, it is something that will take a while and that's why it matters so much. I feel like it is going to be a hard job, and we need to make it work one way or another, and that's why I think we need to focus on the fact that it is not really that big of a deal, so we need to be careful.

I believe we are going to see this changing soon, bitcoin will close the gap more, but that should take years, maybe over a decade, maybe even more than two decades, so this isn't something that's quick, we can't make that work that easily, we need to be careful.

Your chance of getting robbed for both bitcoin and gold is based on how the person protects those assets. For bitcoin, if you make your holding known to criminals, they can secretly attack you and force you to send those bitcoins to them irrespective of where you hide your key phrase.
 
The same thing is applicable to gold; if you become a target, they can come for you and rob you of all that you have. That's why it's advised for us to always keep our assets a secret in order to reduce a target on our back.
 
In terms of being flexible, Gold can easily be noticed when you try to move it around, not like Bitcoin that we transact from anywhere that we are, but that does not still change the fact that it can be robbed.

What it would change in Bitcoin itself other than to bring more prestige and just be news for the people to discuss.
And a bit of a bullish sentiment would flow from that.

Bitcoin is better for us because we can take advantage of its volatility to get rich quick, we can use it to store wealth without being tracked and monitored by the government. While gold is a much more stable asset, it is not suitable for us but it is suitable for governments and that is why gold is held so much by governments. Or for those who do not like volatility and need to find a safe haven, gold is also a more suitable choice.

In my opinion, there is no better asset when comparing the two, both have their pros and cons, and which asset is better depends on the individual.


Most of us just want to get rich quick and bitcoin is the best option but if we are millionaires, billionaires then I think we will need gold more because then we care more about stability and safety than profit.

Sorry for the stupid question, because i am not very good at these things..
I read that there was flipping or whatever they say in the Blackrock ETF
so we are not that far from this first objective, which is to surpass gold in blackrock ETF or whatever they are called
I am confident we can surpass in some year