Topic: Can Bitcoin surpass Gold? - page 6. (Read 2140 times)

Nobody forbids you from having both.
But I agree - it's essential to know more about BTC to understand that it's the future - the one with the potential for something new going along with it.
And with much boons for those willing to go there, in the unexplored territory.

Volatility is what makes BTC - BTC.
And its cap is becoming bigger with each cycle that comes by - 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.

For me, I already overcome it and it was a long time ago, there is no need to ask so much, they are different, they have different times, but the most accepted and most people think about having it is bitcoin, in addition, bitcoin offers many more benefits, gold has always been recognized, it cannot be underestimated, those who have gold, well, I understand, they also have wealth, and if it makes me choose between gold and bitcoin, then I choose bitcoin, and if I have gold, then I change to fiat and buy bitcoin, it's simple.

Bitcoin has potential to take over the first position of gold, but it is still very new so it looks to be dangerous with many traditional investors, the elderly, the middle aged, and institutional investors.

Institutional investors have begun to change their stance on Bitcoin and they are bringing more capital to this market. Microstrategy, Black Rock, many ETFs, many big companies have been participating in this market, and the numbers are growing fastly.

With more demand, more new capital in, price will rise because supply is increasing slower than demand growth as consequence of Bitcoin halvings so far.

How is the 21M Bitcoin cap was defined and enforced

Third words Yes.
So far the condition that one bitcoin is definitely worth more than one kg of gold. The supply of gold is infinite, but the supply of bitcoin is limited and if we compare the limited with the infinite, it is clear that we cannot provide the same amount of supply as the demand for bitcoin will increase, so the price of bitcoin will increase in the market. On the other hand, due to the infinite supply of gold, as the demand increases, the supply will increase as the price of the fruit will not increase in the market like Bitcoin. If the price does not rise like Bitcoin, then only in the future will the Bitcoin market capture the gold market and move upwards.

Gold has a much larger market cap, hence it doesn't react in such a volatile way when new money flows in/out of it. If Bitcoin had the same market cap, its price would also be more stable.

Physical possession isn't such an advantage as you think. First of all, you have to store it somewhere. Most probably in a safe or a bank. That costs money. You can also keep it at your home under your mattress, but who does that? Secondly, it's not divisible. How are you going to pay something worth 1/5 of the gold bullion/coin you have? With bitcoin, that's not a problem. Thirdly, good luck trying to cross a border with it. Want to transport it somewhere else? Enjoy the transportation costs.

With digital money, you don't care about any of that.

With Bitcoin, you can store it in a hardware wallet and bring it around the world. It's portable and very convenient, not like gold. How do you bring your physical gold around the world without issues at national borders and police, customs at airpots and so on?

With gold, physically if you own more, you will have more problems to bring it around. It's too heavy, cumbersome and not conveniently portable like Bitcoin.

Gold is proven as worse investment asset than Bitcoin.
Bullish case for Bitcoin which is better than Gold.
https://casebitcoin.com/charts#roi_chart

In my opinion Gold is more stable than bitcoin so bitcoin can`t be that stable so people can hold it in larger quantities or amounts. You can posses gold with you but you can`t posses bitcoin physically so for me GOLD will the world for next 1000 years.

Besides market capitalization, gold has been used on earth for thousands of years and is recognized by mankind. In particular, it has proven its true value by being able to survive through many different wars in the world, through many crises and the collapse of the world economy...in general, gold is many times more reliable than bitcoin. Meanwhile, bitcoin has never experienced anything similar to what gold has gone through. The problem is that many bitcoin investors don't want to admit this fact.


Are you kidding? I don't think there is anyone who hasn't seen physical gold. An asset that is thousands of years old, recognized worldwide, and has liquidity in the trillions of dollars, how can someone not have seen gold in their lifetime?

The price of gold is higher than ever but the way bitcoin is increasing in value and demand, it is expected that bitcoin will outperform gold in the past few years. Bitcoin is considered a valuable asset and if one can invest in bitcoin now there is a possibility of getting huge returns in the near future. A lot of profit is possible in a short period of time but the price of gold tends to rise slowly. Bitcoin is becoming a great means of investment for everyone in terms of future security and savings. In most cases bitcoin is considered a long-term investment option the issue of return is also assured.

Or two - hell yes!
It was already bigger than 1 kg of gold when it crossed 85k or so.

one word: "yes"

Supply is one of the factors that drives the value of an asset but is not the main factor, the use case is the main factor that determines the value of an asset. Gold has a larger supply than bitcoin but it has been used in almost every industry, in the daily life of mankind for the past 1,000 years. It can be said that the demand for gold is limitless and that is why even if any country announces the discovery of a larger gold mine, the price of gold is never volatile. And the discovery of more gold mines is a good thing and is always welcomed by the world because the demand for gold is very high and will never be enough.

Meanwhile, bitcoin is used only as an investment and its demand is unlikely to surpass that of gold. So it has a chance to surpass gold but it is not as easy as people think and it takes a lot of time.

I disagree with some that you said TBH.
1. It's certain that Bitcoin will reach $200,000 or higher in the future. In the world of crypto, there's no such thing as "CERTAIN" and we all are living in probabilities. What is your evidence that Bitcoin will reach that price in the future? You're just predicting, right? I know I'm bullish about the future of Bitcoin, but I'm leaning towards the fact that there's still a chance that it might not happen.
2. Holding Bitcoin in the next couple of years might be or might not be profitable if you're investing. Yes, holding Bitcoin is one that I recommend as well to others, but please say to them that, it isn't guaranteed that you will make profit by investing on it.

Gold is stable because it has a higher market cap compared to Bitcoin which has a lower market cap. I still remember back in 2017-2018 when the market cap of Bitcoin is very low (at around billions at that time), and it can be manipulated very easily. Now, it's harder for that to do with Bitcoin, but I'm not saying that it's impossible.

As somebody that didn't even see a true Gold, I would always go with the digital gold since that's the one that I have access with, and for sure, most here will say the same. One of my dreams though is to have a true gold to hold, but nobody's selling it within our area.

Gold is unlimited supply, Bitcoin has limited supply with only ~21M in total supply (20.9999M BTC).

Gold total supply on Earth is only estimated and we can not know how many gold ounces will exist in future from Earth resource. If we count gold supply from asteroids, other planets, it will be bigger than an estimation of possible gold on Earth.

Don't know gold total supply makes its worse than Bitcoin, with a fixed total supply, 21M, and this 21M BTC total supply can not be changed. New gold supplies can appear in future but with Bitcoin, there will be more bitcoins lost in future by careless people. Gold and Bitcoin are different in total supplies and in future circulating supplies too.

I agree with you.

The bullish case for Bitcoin is a classic book written by Vijay Boyapati. It has insightful comparison between gold and Bitcoin and more.

You've got a new account, I'm curious why you even signed up.  You come off as not really caring about bitcoin, but of course I could be wrong and was just curious.

I take it that your question initially was asking if we thin bitcoins total market cap can surpass the total market cap of gold.  But then you seem to shift as in which ones a better one to have /hold.

What I do know is that these are two totally different things with different uses, though their uses or "use case" do seem to overlap a bit at times.

If a major war hits the world, then even gold won't hold any value, food will, you would be willing to trade all the gold you have for a cup of flour, but if we are talking about a normal world (the world is never normal but you know what I mean) then Bitcoin has a lot more potential than gold, at some point in the future people would be able to mine asteroids/space Gold, you know how much gold exists on 16 Psyche alone? roughly 15 BILLION metric tons of gold, on earth it's estimated to be 200,000 to 250,000 metric tons.

gold is hard to buy, it's hardy divisible, most people don't have access to gold as is, you have a manufacturing cost included, you could end up with fake gold, it's difficult and risky to carry around, it's not remotely as liquid as BTC unless you buy gold certs or some random shit online and not own gold, BTC beats gold in almost every aspect except the fact that you can't physically utilize it.

I believe BTC will outperform gold in market cap in less than 10 years as long as Bitcoiners keep feeding U.S officials like they are doing now.

Bitcoin may outperform the gold market in the distant future but right now Bitcoin cannot outperform the $17+ trillion gold market. One of the main reasons why Bitcoin cannot easily outperform the gold market is acceptance, especially gold acceptance everywhere in the world, but Bitcoin acceptance is negative in most countries of the world. When Bitcoin gains acceptance in all countries of the world, Bitcoin will surely outperform the gold market easily.

I'm def choose the traditional gold over a digital asset, the long-term value is already proven and the power it holds is really huge. We already accepted that bitcoin has a huge potential growth, and it could be treated as an investment today but of course, gold is consistent. If something happens to the world, if power is overly used by some major countries and something war happen, gold is one of the main reserves that can help the country itself, digital asset might still exist but it's still vulnerable asset.

But of course, you're genius if you chose both of them. 

Bitcoin is indeed moving up ahead. There is too much potentials on bitcoin that gold lacks. However, since bitcoin is highly volatile, a lot would criticize its price that it’s not gonna work longer and will eventually drop in the end. But we all know that volatility is bitcoin’s best asset, without it, we can never witness bitcoin reaching all time highs every now and then. Its price may be uncertain but when it hits high, it’s undoubtedly impressive.