Can Bitcoin surpass Gold? - page 3. | Bitcointalksearch.org

ancafe

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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.

For market capitalization, it may still be far for Bitcoin to overtake gold, but no one knows in the future how it can surpass it because from the developments that have occurred, Bitcoin has actually made rapid progress from estimates. Anything can still happen because the adoption that has occurred has actually increased so that the opportunities in the future will definitely be greater. If you calculate the success of both, Bitcoin actually gets a much faster moment and we can see that from the available history.

There is no need to argue about this because currently Bitcoin is still below gold and maybe for market capitalization everyone knows that gold is still above. Gold has dominated for quite a long time while Bitcoin has not, so it is certain that in terms of market capitalization Bitcoin is still inferior to gold.

moneystery

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maybe most people here will say that bitcoin will surpass the capitalization of gold, but I myself am more realistic and don't think too far there. if the capitalization of bitcoin surpasses the capitalization of gold, then that's very good, but if it doesn't, then it doesn't matter either. we understand for ourselves how gold is in great demand globally and it is a reserve for backed currencies, so its value and also its adoption will continue to increase, and that makes it more difficult for bitcoin to surpass its capitalization. but no one can predict the future, and it is possible that bitcoin can surpass the capitalization of gold, _{or not.}

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Quote from: Finestream on December 19, 2024, 11:18:27 AM

Quote from: avikz on December 12, 2024, 11:59:13 AM

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

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

I am a part of both the teams! Digital as well as physical. Because gold is not always used for extraordinary gains. It's mostly used for capital protection. It's not volatile as Bitcoin so Gold is always a preferred option in my portfolio.

Bitcoin has a real long way to go before it can overtake gold's market cap. Considering Bitcoin's limited supply, it may be impossible as well. Let's not divide between gold and Bitcoin. Rather let's enjoy both assets.

While bitcoin could be making a mainstream in the market industry, but let's not forget that gold has always been the topmost asset. Gold has always been a safer haven asset than bitcoin. While bitcoin is newer and more innovative, gold remains to be a store of value for such long years wherein people could easily turn into gold when life's experience turmoil and crisis.

You're right, Gold has always been "the top commodity", Gold has always been a safer haven asset than Bitcoin, BUT the original question is, "Can Bitcoin surpass Gold"?

The answer that the question is simply, "Yes". Cool

Quote

However, both have great potentials to prosper in the long run. That's why choosing only one is quite nonsense, instead go for these two assets, while they remain useful and profitable all throughout the coming years.

No, it's not "nonsense". I like both as investments/Store Of Value, but if a person believes one is better than the other, then that's his/her opinion.

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Quote from: avikz on December 12, 2024, 11:59:13 AM

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

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

I am a part of both the teams! Digital as well as physical. Because gold is not always used for extraordinary gains. It's mostly used for capital protection. It's not volatile as Bitcoin so Gold is always a preferred option in my portfolio.

Bitcoin has a real long way to go before it can overtake gold's market cap. Considering Bitcoin's limited supply, it may be impossible as well. Let's not divide between gold and Bitcoin. Rather let's enjoy both assets.

While bitcoin could be making a mainstream in the market industry, but let's not forget that gold has always been the topmost asset. Gold has always been a safer haven asset than bitcoin. While bitcoin is newer and more innovative, gold remains to be a store of value for such long years wherein people could easily turn into gold when life's experience turmoil and crisis.

However, both have great potentials to prosper in the long run. That's why choosing only one is quite nonsense, instead go for these two assets, while they remain useful and profitable all throughout the coming years.

Wind_FURY

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Quote

Can Bitcoin surpass Gold?

Simple answer. YES

But many of you won't believe that like many last cycle didn't believe that six digits for Bitcoin was possible. When Bitcoin surges to seven digits per Bitcoin, everyone will say "Yes" to that question. Cool

It's not a laughable matter.

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Gold has been around since long before Bitcoin was born, so most people invest there, because investing in gold is profitable because the price continues to increase, but after the birth of Bitcoin, many people opened their eyes that storing money in digital gold (Bitcoin) is much more profitable as evidenced by the price of Bitcoin which continues to increase every year, so it's just a matter of time for Bitcoin to surpass gold.

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Quote from: Dave1 on December 19, 2024, 07:54:10 AM

Yes, they should be compare in terms of marketcap,

So far BTC = currently at $2 trillion, while Gold is around $18 trillion++. So there is still a huge difference in terms of the price. Nevertheless, BTC might surpassed Gold in the next 2 halving if we will see around $1m=BTC.

And now that we have seen the price reaching $100k, we can only speculate that we can reach $1m as well.

But it's important to note that we're talking trillions of dollars, and that's not a small number. It's not as easy as bitcoin's market cap going from $1 billion to $100 billion even if bitcoin increases 100x in price but we only need $99 billion to do that. Meanwhile, for bitcoin to reach $1 million, we would need to spend more than $16 trillion, 160 times more than the amount needed to take bitcoin's market capitalization from $1 billion to $100 billion.

Not to mention, gold's capitalization will not stop, gold's capitalization will continue to increase due to demand and the amount of gold mined each year. Every year, the world mines tons of gold, but that does not reduce the price of gold but on the contrary helps increase the capitalization value of gold. So I suspect that bitcoin's market capitalization will likely surpass gold's in the next decade.

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Quote from: MusaMohamed on December 17, 2024, 09:54:56 PM

Quote from: XPB on December 17, 2024, 06:28:54 AM

The price of Bitcoin may surpass gold, but it is not expected at the moment. The gold market is on an uptrend, so it is moving forward steadily. On the other hand, Bitcoin is not stable but unstable. Any time a bear market starts, we will see a market crash. Therefore, the price of Bitcoin can surpass gold if it stabilizes and moves forward.

Nobody talk about Bitcoin surpass gold in price, because how do you compare them in price, 1 bitcoin compares to 1 ounce of gold, it's not a fair comparision.

A better comparison is for their market caps, Market cap of Bitcoin compares to Market cap of Gold. It's better than price comparison, but it's still not good one because there are many things different between Bitcoin and gold.

Bitcoin will need its price to be about 8 times higher than current price to take over the first position in market cap that is currently held by Gold.
https://companiesmarketcap.com/assets-by-market-cap/

Yes, they should be compare in terms of marketcap,

So far BTC = currently at $2 trillion, while Gold is around $18 trillion++. So there is still a huge difference in terms of the price. Nevertheless, BTC might surpassed Gold in the next 2 halving if we will see around $1m=BTC.

And now that we have seen the price reaching $100k, we can only speculate that we can reach $1m as well.

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Quote from: Abiky on December 19, 2024, 02:50:25 AM

We can't ignore both assets. Each have their own advantages/disadvantages.

Sound reasoning. If an asset (one or another) gives you an advantage, then you should use it, and not ignore it for ideological reasons.

Quote from: Abiky on December 19, 2024, 02:50:25 AM

I think for the time-being, BTC and Gold will remain the best stores of value.

What about stocks like technology companies like Apple and Nvidia?

Quote from: Abiky on December 19, 2024, 02:50:25 AM

But as we shift into a digital and cashless society, Bitcoin will ultimately take the reigns as Gold's successor.

It is not excluded. At least, there are no other alternatives to gold.

Quote from: Abiky on December 19, 2024, 02:50:25 AM

People's perception of the "yellow metal" as a store of value or long-term investment will diminish.

If the perception of digital gold (BTC) increases.

Quote from: Abiky on December 19, 2024, 02:50:25 AM

It will be solely used for industrial purposes and jewelry.

I am not entirely sure that gold-holding countries will get rid of their gold reserves so easily.

Quote from: Abiky on December 19, 2024, 02:50:25 AM

The future belongs to intangible assets. Bitcoin, NFTs, and CBDCs are part of this. Gold is not. It only exists in physical form.

Maybe NFT on gold?

Quote from: Abiky on December 19, 2024, 02:50:25 AM

I'm yet to see if tokenizing Gold would prove to be a success or a failed experiment.

I believe that the digitalization of gold is also inevitable.

Quote from: Abiky on December 19, 2024, 02:50:25 AM

BTC has been on a long journey since it's inception. Yet, it has achieved gains at at much faster rate than any other asset on Earth. Who knows what surprises we'll find in the future?

Satoshi knows. Wink

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Quote from: CageMabok on December 19, 2024, 06:52:57 AM

With less stable conditions, Bitcoin can fight Gold, which if Bitcoin can be truly stable in price, of course Gold will immediately lose to Bitcoin, so for now the opponent that is truly equal to gold is Bitcoin and I am also sure that one day Bitcoin will definitely be able to beat gold in anything including in terms of dominance and enthusiasts in the future. Because if we look at the price of one Bitcoin for today even though it is in a correction condition, of course the comparison is with 1kg of gold and even then Bitcoin is still much more expensive even though the market capitalization of gold is still quite large than Bitcoin for now.

Gold will still be there for orthodoxs.
Those who know the real deal will see BTC as a better opportunity in the times to come.

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Quote from: XPB on December 17, 2024, 06:28:54 AM

Quote from: arwin100 on December 17, 2024, 05:56:42 AM

But also when talking about Bitcoin could surpass Gold? I guess we will find this one in future, but we can say that everything has possibilities that it will happen.

The price of Bitcoin may surpass gold, but it is not expected at the moment. The gold market is on an uptrend, so it is moving forward steadily. On the other hand, Bitcoin is not stable but unstable. Any time a bear market starts, we will see a market crash. Therefore, the price of Bitcoin can surpass gold if it stabilizes and moves forward.

With less stable conditions, Bitcoin can fight Gold, which if Bitcoin can be truly stable in price, of course Gold will immediately lose to Bitcoin, so for now the opponent that is truly equal to gold is Bitcoin and I am also sure that one day Bitcoin will definitely be able to beat gold in anything including in terms of dominance and enthusiasts in the future. Because if we look at the price of one Bitcoin for today even though it is in a correction condition, of course the comparison is with 1kg of gold and even then Bitcoin is still much more expensive even though the market capitalization of gold is still quite large than Bitcoin for now.

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Quote from: Pi-network314159 on December 19, 2024, 04:03:30 AM

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

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

Of course i fall under the category of digital gold. Digital gold has been proven to be more reliable than traditional gold just as it is also functioning as an alternative to traditional banking system. In which ever way you want to quantify bitcoin or digital Gold, it is very important even as it function is not to replace other form of asset but to function as an alternative. Meaning both are very important and should be used when the need arises or which ever one is necessary to use at a point in time.

I would be eager to see somebody on the forum that would choose the other category just to try to argue with the other side Grin

After all, it's a bitcoin forum, not a gold one.

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

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

Of course i fall under the category of digital gold. Digital gold has been proven to be more reliable than traditional gold just as it is also functioning as an alternative to traditional banking system. In which ever way you want to quantify bitcoin or digital Gold, it is very important even as it function is not to replace other form of asset but to function as an alternative. Meaning both are very important and should be used when the need arises or which ever one is necessary to use at a point in time.

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Quote from: Abiky on December 19, 2024, 02:50:25 AM

We can't ignore both assets. Each have their own advantages/disadvantages. I think for the time-being, BTC and Gold will remain the best stores of value. But as we shift into a digital and cashless society, Bitcoin will ultimately take the reigns as Gold's successor. People's perception of the "yellow metal" as a store of value or long-term investment will diminish. It will be solely used for industrial purposes and jewelry.

The future belongs to intangible assets. Bitcoin, NFTs, and CBDCs are part of this. Gold is not. It only exists in physical form. I'm yet to see if tokenizing Gold would prove to be a success or a failed experiment. BTC has been on a long journey since it's inception. Yet, it has achieved gains at at much faster rate than any other asset on Earth. Who knows what surprises we'll find in the future?

But is a cashless world coming soon? I know that everything is getting digitalized and the world is moving towards the digital age but I don't think we will soon abandon the traditional model that has existed for thousands of years.

If you watched the Fed meeting and what Powell said today, you would see that a world without cash, without gold is not happening anytime soon. The Fed has stated that they have no intention of holding bitcoin or cryptocurrencies, they want to maintain the stability of the world economy by maintaining what is going on in the world. That means they will continue to print USD and will protect USD at all costs . Not to mention , Powell has stated that they have no plans to develop a CBDC.

With all this in mind, a cashless world is not coming anytime soon, and a world where bitcoin surpasses gold or replaces its role is not coming anytime soon either .

https://forkast.news/fed-chair-powell-no-immediate-plans-for-us-cbdc/

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Quote from: ? on December 17, 2024, 02:24:33 AM

I can totally see both sides of the argument.

On one hand, BTC's potential for huge frowth is hard to ignore especially with how it's been gaining popularity and breaking new ground. It has clear advantages like being easy to transfer and divide which gold can't match.

But on the other hand, gold has stood the test of time. It's been a go-to store of value for centuries and people trust it especially in times of crisis.

It's really about balancing both in a portfolio and understanding their respective roles.

We can't ignore both assets. Each have their own advantages/disadvantages. I think for the time-being, BTC and Gold will remain the best stores of value. But as we shift into a digital and cashless society, Bitcoin will ultimately take the reigns as Gold's successor. People's perception of the "yellow metal" as a store of value or long-term investment will diminish. It will be solely used for industrial purposes and jewelry.

The future belongs to intangible assets. Bitcoin, NFTs, and CBDCs are part of this. Gold is not. It only exists in physical form. I'm yet to see if tokenizing Gold would prove to be a success or a failed experiment. BTC has been on a long journey since it's inception. Yet, it has achieved gains at at much faster rate than any other asset on Earth. Who knows what surprises we'll find in the future?

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Quote from: XPB on December 17, 2024, 06:28:54 AM

The price of Bitcoin may surpass gold, but it is not expected at the moment. The gold market is on an uptrend, so it is moving forward steadily. On the other hand, Bitcoin is not stable but unstable. Any time a bear market starts, we will see a market crash. Therefore, the price of Bitcoin can surpass gold if it stabilizes and moves forward.

Nobody talk about Bitcoin surpass gold in price, because how do you compare them in price, 1 bitcoin compares to 1 ounce of gold, it's not a fair comparision.

A better comparison is for their market caps, Market cap of Bitcoin compares to Market cap of Gold. It's better than price comparison, but it's still not good one because there are many things different between Bitcoin and gold.

Bitcoin will need its price to be about 8 times higher than current price to take over the first position in market cap that is currently held by Gold.
https://companiesmarketcap.com/assets-by-market-cap/

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Quote from: XPB on December 17, 2024, 06:28:54 AM

Quote from: arwin100 on December 17, 2024, 05:56:42 AM

But also when talking about Bitcoin could surpass Gold? I guess we will find this one in future, but we can say that everything has possibilities that it will happen.

The price of Bitcoin may surpass gold, but it is not expected at the moment. The gold market is on an uptrend, so it is moving forward steadily. On the other hand, Bitcoin is not stable but unstable. Any time a bear market starts, we will see a market crash. Therefore, the price of Bitcoin can surpass gold if it stabilizes and moves forward.

The chances of Bitcoin getting past Gold in the asset class is very high, it has a very strong potential concerning that and it's shown it this year by toping Silver to rank 7th in the chart of asset class, though i don't expect it to happen very sooner but it's very possible and someday in the future we'll witness that happen, I won't be very suprised if it happens sooner too cause I've witnessed the price of Bitcoin dropped from 60 to $48k and later increased to the current price.

I see people calling Bitcoin a digital Gold and I think they're very correct about that cause it's currently the most valuable Cryptocurrency out there and second to none therefore I'm in support of anyone who believe in the possibility of Bitcoin passing Gold in the future.

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Quote from: arwin100 on December 17, 2024, 05:56:42 AM

But also when talking about Bitcoin could surpass Gold? I guess we will find this one in future, but we can say that everything has possibilities that it will happen.

The price of Bitcoin may surpass gold, but it is not expected at the moment. The gold market is on an uptrend, so it is moving forward steadily. On the other hand, Bitcoin is not stable but unstable. Any time a bear market starts, we will see a market crash. Therefore, the price of Bitcoin can surpass gold if it stabilizes and moves forward.

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Quote from: Pmalek on December 17, 2024, 03:35:43 AM

Quote from: ? on December 17, 2024, 01:50:37 AM

It's already much harder to move the price of BTC: and it slowly will become harder and harder for institutions too, in my opinion.

A lot of bitcoin is concentrated in the hands of a few. Take Blackrock and all the ETFs or MicroStrategy, for example. They have what it takes to move the market. Bitcoin is a collateral for one type of bonds that MicroStrategy is selling to investors. If it becomes necessary to sell a big chunk of it due to a downward trend, it would cause a lot of panic selling, with other individuals and companies dumping their bitcoin.

I guess this became the disadvantage of Bitcoin now since those big institution could pull a manipulation antics if they want to create certain movements that aligned to what they want to happen. That's why this situation is I think goes in favor with those institution that hold a lot of Bitcoin since they can influence a lot of people on each action they made. That's why somehow people should stop basing their decision on statement release by those big players since that clearly state that they want to control people minds. Also we need to exert effort to get updated on somethings happening in the market so that we will not get left behind once those manipulators will do a big move that can possibly move the market.

But also when talking about Bitcoin could surpass Gold? I guess we will find this one in future, but we can say that everything has possibilities that it will happen.

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

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

Diversification of investment would be better especially since these are two different investments.
Gold investment although always considered traditional still provides profit for its holders and Bitcoin takes a long time to reach gold, even young people still like gold, so it is difficult to choose, if I can have both of course I

will choose both

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