From the way Bitcoin is going,i think in the next 10 years to 15 years Bitcoin will definitely surpass gold with the current increase in price and the way the fast hike in Bitcoin market price, if it continues this way, all it has to do is to reach is about $1 million and that will be the height of Bitcoin, in that way it will be the most valuable asset in the world.
A lot of persons and countries are so surprised the way Bitcoin is increasing now,they felt it's going to be the way it has always been way back four years to five years ago, but reverse is the case which is now making them to accept it .
Topic: Can Bitcoin surpass Gold? - page 7. (Read 2140 times)
With time, everything in human beings changes. Since ancient times, people have been very attracted to gold. It was valuable and still existed, but if we consider advantages in the current world, then we will put Bitcoin ahead of gold. The price of gold increases very slowly, whereas Bitcoin has the ability to increase much more than it in a short period of time. Moreover, there is no limitation in the price of gold, where if new minerals are found, the amount of gold will increase.
But the amount of Bitcoin will remain the same. That is why the demand for Bitcoin is very high. Moreover, the benefits that people get by using Bitcoin are not possible by using gold. Bitcoin is very easy to carry, which is not possible in the case of gold. We can definitely say that Bitcoin is a digital gold which is more expensive and attractive than gold.
But the amount of Bitcoin will remain the same. That is why the demand for Bitcoin is very high. Moreover, the benefits that people get by using Bitcoin are not possible by using gold. Bitcoin is very easy to carry, which is not possible in the case of gold. We can definitely say that Bitcoin is a digital gold which is more expensive and attractive than gold.
Which team do you fall into Digital Gold or Traditional Gold?
In terms of what? as far as market cap goes,
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With Bitcoin’s significant price increase since 2013 and the increase in total coins mined, its market capitalization increased from about 1 billion US dollars in 2013 to 1.15 trillion US dollars in November 2021. Over the same period, gold’s market capitalization increased from about 8 trillion to about 12 trillion US dollars. Bitcoin’s massive outperformance comes with higher volatility and noteworthy drawdowns in comparison to gold.
https://ingoldwetrust.report/chart-gold-bitcoin-marketcap/?lang=en
So I think if we go with that number, sooner or later, Bitcoin will have to overtake Gold. However, as it has been said, Bitcoin is volatile and so there could be traditional investors who doesn't like that.
But if we compare them as let's say who stood the test of time, obviously, there's no denying the Gold has been with us from time immemorial and has been tested. Like in the case of war, it's been said that Gold has been used as hedge against uncertainty. Even countries uses their Gold for reconstruction after the war.
With the trust that Tesla and MicroStrategy company put into bitcoin, and its growing adoption that continues to takes place, that proves that there’s no doubt bitcoin can surpass gold in the future. In fact, it could be the volatility of bitcoin itself that will serve as a key to surpass the achievement of gold.
And with how this companies are it will help the price of bitcoin to go higher because Tesla is actually a big company and they already do dodge and some time ago I heard they invested in dodge but I don't know how true it is, and both companies and individuals are seriously adopting bitcoin and all is because of how bitcoin have been taking shape this period and it is actually a good one I noticed something people will not invest when the price is down they will invest when the price is already high, I wonder how those people actually because this is something they should have understood buying the dip give more advantage to make more money.
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However, both have the same high potentials but different form of assets. Instead of making such comparison that puts gold better than bitcoin, or the vice versa, it’s more suitable if we let bitcoin complement the existence of gold rather than trying to advertise that bitcoin could replace gold in the future, which only depends on how the people will adopt bitcoin and create widespread acceptance on it.
And even if bitcoin eventually surpasses gold, there is no way that gold will vanish out of the market because of how gold is been valued it is also used for jewelries so this are all part of why gold will continue to be gold, comparing is not even important if you want to do gold do gold and if you want to do bitcoin do bitcoin it is actually a free world so anyone can choose which ever one they want to invest in, if it's gold they should go ahead and if it's bitcoin they are very free to invest.
The issue I suggest to focus on is: is BTC going to be considered as GOLD, a Store of Value? If yes, when?
BTC is already a store of value, people buy BTC to be a hedge to the inflation of their local currency, countries like the U.S. want to buy BTC and make it a strategic reserve for them. However, gold is more stable than BTC and it has been used as a store of value longer than BTC because it holds its value even in times of economic crisis, that is why i consider the two assets to be good and i recommend one to have the both of them.
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.
I totally agree with you. For the newer generations it's easier to to buy bitcoin because it's something they can somehow relate more to their life, gold sounds kind of dated. Or at least I see it this way. And nothing wrong buying gold, absolutely, but I have no doubts about what to buy, bitcoin all the time over gold. Let's not forget social media and influencers that, whether we like it or not, play a big role, and the new generations have way more probabilities to find someone who talks about bitcoin rather than gold. 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.
The issue I suggest to focus on is: is BTC going to be considered as GOLD, a Store of Value? If yes, when?
BTC is already a store of value, people buy BTC to be a hedge to the inflation of their local currency, countries like the U.S. want to buy BTC and make it a strategic reserve for them. However, gold is more stable than BTC and it has been used as a store of value longer than BTC because it holds its value even in times of economic crisis, that is why i consider the two assets to be good and i recommend one to have the both of them. 
With the trust that Tesla and MicroStrategy company put into bitcoin, and its growing adoption that continues to takes place, that proves that there’s no doubt bitcoin can surpass gold in the future. In fact, it could be the volatility of bitcoin itself that will serve as a key to surpass the achievement of gold.
However, both have the same high potentials but different form of assets. Instead of making such comparison that puts gold better than bitcoin, or the vice versa, it’s more suitable if we let bitcoin complement the existence of gold rather than trying to advertise that bitcoin could replace gold in the future, which only depends on how the people will adopt bitcoin and create widespread acceptance on it.
However, both have the same high potentials but different form of assets. Instead of making such comparison that puts gold better than bitcoin, or the vice versa, it’s more suitable if we let bitcoin complement the existence of gold rather than trying to advertise that bitcoin could replace gold in the future, which only depends on how the people will adopt bitcoin and create widespread acceptance on it.
Gold is just in its last stage in my view we are gonna replace it sooner, 9x is not a big deal and just for a few years we need to hold patience, and the word digital gold is not bad. Historically after ETF's approval, there was a parabolic rally in GOLD market valuation similar things are gonna happen here too.
In terms of multipliers, yes. In terms of amount, no.We're talking about Trillion, it's really a huge amount of money. Reaching $10 Trillion is already hard though, but if there are many gold investors choose to invest in Bitcoin, this would speed up the goal.
The issue I suggest to focus on is: is BTC going to be considered as GOLD, a Store of Value? If yes, when?
The fastest is January 20, 2005 when Trump take office as president, but he already confirms Bitcoin reserve plans, so this will not gonna be long, especially other countries and states also embrace to adopt Bitcoin as their reserves too.
I suggest to not focus on market cap. This is a false issue.
The issue I suggest to focus on is: is BTC going to be considered as GOLD, a Store of Value? If yes, when?
Thank you
The issue I suggest to focus on is: is BTC going to be considered as GOLD, a Store of Value? If yes, when?
Thank you
Hmm, that's for sure good enough to take Bitcoin's team.
Gold is just in its last stage in my view we are gonna replace it sooner, 9x is not a big deal and just for a few years we need to hold patience, and the word digital gold is not bad. Historically after ETF's approval, there was a parabolic rally in GOLD market valuation similar things are gonna happen here too.
Gold is just in its last stage in my view we are gonna replace it sooner, 9x is not a big deal and just for a few years we need to hold patience, and the word digital gold is not bad. Historically after ETF's approval, there was a parabolic rally in GOLD market valuation similar things are gonna happen here too.
We should be rest assured bitcoin will surpass gold in the near future. Gold is an asset which has remained valuable for centuries and have only grown to become this level over the centuries. The gold have proven more stability in terms of growth per time than the bitcoin. Bitcoin is only been around barely 2 decades ago but have performed massively to get to this level of comparison with gold. However, the volatility in the market can be daunting for a long time/future analysis making gold more reliable than the bitcoin for a very long time investment. The possibility of bitcoin catching over or even exceeding gold is there and we anticipate it's happening from now.
A smart gold dealer just might develop an altcoin backed by gold. The difference between spot and actual price would still b there. The dealer would make a fortune.
You'd be surprised to see just how many gold-backed altcoins are out there. Most of them offer the same thing, without giving any solution if someone wants to convert or liquidate their token to physical gold. I believe that's one of the reasons why the volume/demand for such tokens is low unless you live near the dealer. Easy access to liquidity is a bottleneck that is hard to solve since it includes multiple national laws. Bitcoin on the other hand is usually much simpler. I'd prefer Bitcoin instead of digital gold, especially if the source for that is an overseas company that has no branch in my country. 
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.
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.
market is just supply and demand, gold can be valued this high because people deemed gold as hedge against inflation, but guess what, so does bitcoin, and the good news is bitcoin is capped in total supply unlike gold where maybe in the future you can find so much gold from other planet, but in a future where we are forced to use digital currency because of technology advancement, i'd think that the utility of bitcoin will be boosted and it will be valued more than gold and gold would lose its value overtime due to gold discovery, though i'm speaking like a movie sci-fi but in the future I think interplanetary exploration will be viable and we'd see precious metal doesn't become precious anymore.
so yeah i'm team digital gold.
In 2024, Bitcoin perform better than gold, in term of year to date return Bitcoin make 150% versus 16% for gold, supported by institutional adoptions and products such as Bitcoin ETFs, which have amassed $100 billion in investments. In an unpredictable economic cycles, Gold is certainly a better in its very industrial uses and stability, however, the increasing momentum of Bitcoin with corporations, Wall Street, and as a hedge against inflation make Bitcoin a good alternative option. Although it has existed for some time now as one of the means of preserving wealth, Bitcoin boasts unique features in a digitally driven world, possibly earning its place and challenging gold for space within portfolios.
A smart gold dealer just might develop an altcoin backed by gold. The difference between spot and actual price would still b there. The dealer would make a fortune.
Which team do you fall into Digital Gold or Traditional Gold?
I will pick team digital gold because the future is going digital and gold will not be left out. There are people who believe that soon everything like assets will be tokenized. Traditional gold will not loose it's value though, I just feel he digital will be more valuable, will be easier to move around and secure, and those will be part of the appeals that will attract people to it. 
Bitcoin can & will surpass the market cap of Gold. The only question is how soon it will happen. I think it will happen in 15 - 20 years. Bitcoin is superior to Gold in all aspects. It is an idea whose time has come.
Yeah, it's just a matter of time before it will happen, just as it has been able to beat silver in market capitalisation in times to come, which I don't know if it will take up to a decade again before it will reach there with the high rate of massive adoption, and if governments turn their attention to bitcoin as a reserve just as they are already showing interest, then we will likely be there very soon. 
Personally, I think gold is overvalued. It works fine as a regular material for jewelry or electronics, but I dont get why people treat it like some magical investment. Its price comes more from tradition and human psychology than anything special about the metal itself. People just got used to thinking of it as valuable over history. But if you look at its real usefulness today, it doesnt seem worth that high of a cost. Gold bugs talk up qualities like scarcity to justify the value, but those strike me as excuses to keep up tradition not solid reasoning. Id rather put my money into something more practical.
Gold is not only used to make jewelry and electronics but also used in almost every industry, every field such as medicine, food...Gold is the best metal thanks to its high purity, non-corrosiveness, stability in all harsh environments and that is evaluated through hundreds of research projects, experiments...it can be said that gold is the perfect substitute for all other metals. But because it is rarer than other metals, it is only used in important fields. Gold has been used and valued by humans for thousands of years, so don't try to deny its importance and value.
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Im not saying gold doesnt have some decent applications in various industries, but lets not hype it up too much here. Sure, gold has a few specific uses where its special properties really shine. But calling it the ideal replacement for all other metals? Thats going a little overboard. No doubt gold resists corrosion like a champ. But its also incredibly soft and malleable - not exactly what you want when you need strength and structure. In those cases, steel still reigns supreme and even looking at conductivity yes gold conducts electricity excellently. But so does cheaper, easier to find copper. And think about lightweight materials for aerospace and things like that. There are so many examples where gold just doesnt cut it. After all, it is still just a metal with its own properties, and those properties are not always advantageous.
It's not even about "can" anymore, it will. We just don't know when this will happen, but I am sure that it will eventually happen, this may happen in a year, could happen in five years, could happen in ten years, we have no idea when that will happen.
No matter when it finally happens, I have zero doubt that we are going to wake up one day and bitcoin will be higher than gold that day, and when that happens, we are going to be celebrating a lot, like crazy, and then next day we will continue like nothing happened. Same happened for every milestone bitcoin had, we were happy when it hit 1k, moved on to higher next day, same with 10k, and now same with 100k as well. We are happy when it happens, but then we move on.
No matter when it finally happens, I have zero doubt that we are going to wake up one day and bitcoin will be higher than gold that day, and when that happens, we are going to be celebrating a lot, like crazy, and then next day we will continue like nothing happened. Same happened for every milestone bitcoin had, we were happy when it hit 1k, moved on to higher next day, same with 10k, and now same with 100k as well. We are happy when it happens, but then we move on.
Which team do you fall into Digital Gold or Traditional Gold?
I'm in the Digital Gold team aka BTC.
Gold is not good to hold for long term, it's only to fight the inflation, but if offers nothing. Bitcoin is offeering various advantages in a simple form as a digital currency.
Talking about Bitcoin's possibility to surpass gold, it's actually can happen. BTC only needs to do 9x increases from the current price to be the most valuable asset in the world. 1 million for 1 bitcoin looks achievable. This is definitely to happen once all of the retails in any countries adopt BTC.
Hmm, that's for sure good enough to take Bitcoin's team.
Gold is just in its last stage in my view we are gonna replace it sooner, 9x is not a big deal and just for a few years we need to hold patience, and the word digital gold is not bad. Historically after ETF's approval, there was a parabolic rally in GOLD market valuation similar things are gonna happen here too.
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