Topic: Why Bitcoin must surpass gold (Read 651 times)
Bitcoin has it own function and usage, like wise Gold has it on function, and Bitcoin operation is far difference from Gold, comparing the both, no make any sense, because of the assets are quite difference to compare. Therefore is better to invest what you have the knowledge of, or go for knowledge and know more about Bitcoin and Gold, so that you can differentiate the but sides and how it works.
There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold
It can only happen if Bitcoin becomes the standard currency to trade within the future, which we all know will take a very long time to happen, then it will surpass gold. But if not so I'd say not yet because Bitcoin is a currency that has not yet stood the test of time (as in stood it's ground across the globe) and it's just used as currency by certain people, meaning that it's not accepted world wide and for it to surpass gold it has to be accepted first before that can happen.
Well yeah obviously Bitcoin will surpass Gold. I don't think anyone who understands Bitcoin would ever question that. It's just a matter of time. With the 4 year market cycles, Bitcoin should surpass Gold likely in 2032/33. Then of course it'll crash back below Gold, but by the end of the 2030's it will very likely have permanently surpassed Gold's market value, and continue putting distance between itself and Gold.
It's natural to compare the two, because because is known as digital gold, and as a currency it is much more like Gold than any modern fiat currency. Also Gold is the most valuable single asset on earth and Bitcoin will surpass Gold so that makes it a good comparison - to talk about how long until Bitcoin becomes the most valuable single asset on earth.
Bitcoin's "Digital Gold" label is appropriate, at least somewhat. just remember, Gold has outlasted the rise and fall of numerous civilizations, whereas Bitcoin is just a youngster in the history of the financial markets. Teenagers are known for their... well, unpredictability. Your 2032/33 prognosis is quite accurate, but the financial world is notoriously unpredictable. If the global economy were to suffer a little cold, that schedule would be thrown off.It's natural to compare the two, because because is known as digital gold, and as a currency it is much more like Gold than any modern fiat currency. Also Gold is the most valuable single asset on earth and Bitcoin will surpass Gold so that makes it a good comparison - to talk about how long until Bitcoin becomes the most valuable single asset on earth.
Bitcoin, the single most valuable asset in the world? The only limit is your own imagination. But lets put on our sunglasses of caution as we gaze into the future. After all, Bitcoin (or Gold) isnt the only thing that shines.
Honestly, I don't believe bitcoin will overtake gold anytime soon, it's almost impossible, no matter how we say it, and that's the reality we need to accept. We should stop comparing the two to brag about the advantages of bitcoin and say it surpasses gold. Let's take a look at the ongoing reality that gold is still the most sought after and valuable asset while bitcoin is too young to be trusted by all. Looking at people's needs, we can see what people need more and are valued more.
gold has won the trust of everyone around the world, so I think gold will still be the first choice in investing, even though its nature only protects fiat currency from inflation. it's different with bitcoin which can increase many times, but can also decrease many times. this is because only a few people in the world trust bitcoin, giving rise to higher fluctuations. but indeed investing in bitcoin can achieve greater profits than gold, as long as we understand about bitcoinWhen it comes to investing, it is sure that bitcoin can be more profitable than gold because gold is really not that volatile. But everything is proportional, a high return comes with high risk, and no asset can give a high return without risk. Those who say bitcoin is both safe and profitable are stubborn and blind. To be fair, gold has been a safe haven, while most people only see bitcoin as a speculative investment. People's confidence in bitcoin is still not so great and cannot be compared with gold, and that is why whenever there is negative news, bitcoin is always volatile and dumping.
Honestly, I don't believe bitcoin will overtake gold anytime soon, it's almost impossible, no matter how we say it, and that's the reality we need to accept. We should stop comparing the two to brag about the advantages of bitcoin and say it surpasses gold. Let's take a look at the ongoing reality that gold is still the most sought after and valuable asset while bitcoin is too young to be trusted by all. Looking at people's needs, we can see what people need more and are valued more.
gold has won the trust of everyone around the world, so I think gold will still be the first choice in investing, even though its nature only protects fiat currency from inflation. it's different with bitcoin which can increase many times, but can also decrease many times. this is because only a few people in the world trust bitcoin, giving rise to higher fluctuations. but indeed investing in bitcoin can achieve greater profits than gold, as long as we understand about bitcoin
Well yeah obviously Bitcoin will surpass Gold. I don't think anyone who understands Bitcoin would ever question that. It's just a matter of time. With the 4 year market cycles, Bitcoin should surpass Gold likely in 2032/33. Then of course it'll crash back below Gold, but by the end of the 2030's it will very likely have permanently surpassed Gold's market value, and continue putting distance between itself and Gold.
It's natural to compare the two, because because is known as digital gold, and as a currency it is much more like Gold than any modern fiat currency. Also Gold is the most valuable single asset on earth and Bitcoin will surpass Gold so that makes it a good comparison - to talk about how long until Bitcoin becomes the most valuable single asset on earth.
It's natural to compare the two, because because is known as digital gold, and as a currency it is much more like Gold than any modern fiat currency. Also Gold is the most valuable single asset on earth and Bitcoin will surpass Gold so that makes it a good comparison - to talk about how long until Bitcoin becomes the most valuable single asset on earth.
Honestly, I don't believe bitcoin will overtake gold anytime soon, it's almost impossible, no matter how we say it, and that's the reality we need to accept. We should stop comparing the two to brag about the advantages of bitcoin and say it surpasses gold. Let's take a look at the ongoing reality that gold is still the most sought after and valuable asset while bitcoin is too young to be trusted by all. Looking at people's needs, we can see what people need more and are valued more.
Me too, I love and support bitcoin, even I hold many bitcoin and not too much gold. But I prefer reality to illusion, living in illusion is of no benefit to me.
When we lose our realistic and logical thinking, we will more likely make bad decision. Overwhelmingly believe in Bitcoin as it will be a world currency, surpass gold ... will we sell all things we have such as our homes to invest all in Bitcoin?It is true that God and Bitcoin are indeed different assets with distinct characteristic, but it is not accurate to say that they are completely opposite. Both are considered store of value and alternative form of investment, however they posses fundamental differences, such as Gold is a relatively stable asset with history of widespread adoption since centuries. Whereas, Bitcoin is relatively new asset with extreme volatile characteristic and its adoption is in progress.
Understanding these differences is important while considering them as stores of value for investment purpose.
We can use Bitcoin and Gold for many usages not only as store of value. With centuries in Gold history, we can say that Gold will not die but with Bitcoin, we must be more careful. I think we can say the same for Bitcoin, Bitcoin will not die. But Bitcoin has more risk than Gold, to die because it is younger and will be affected more by governments and their policies. Understanding these differences is important while considering them as stores of value for investment purpose.
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People like to compare bitcoin to gold because gold is still the most trusted and valuable asset. By comparing bitcoin with the most precious metal and highlighting the advantages that bitcoin has that gold does not have. From there, they argue that bitcoin is the best and surpasses all other assets. It is to say, this comparison usually comes from bitcoin maximalists as they always want bitcoin to be number 1 and prove that they are right. People always have theories about bitcoin surpassing gold, but so far, I see that the demand for gold is still huge, and its market cap is 10 times larger than bitcoin.
The Bitcoin community is full of those theories and speculations but the reality is what we can already see and what the market shows - as you've said. Yet again, who knows what the future holds, it's definitely too early to say.
Indeed, bitcoin is still very young and still has a long way to go. Whether Bitcoin can surpass gold, whether it can become the largest and most valuable asset, time will tell.
It's silly to even compare gold and bitcoin. This is not just different financial assets, but completely opposite in their characteristics and properties. The only thing they have in common is the high price.
In general, bitcoin will not be able to surpass gold. Gold is an eternal value and it looks like it will be so for a very long time. In addition, it is no secret that states do not have a very favorable attitude towards cryptocurrency and its circulation largely depends on the position of states and their regulation of circulation in society.
In general, bitcoin will not be able to surpass gold. Gold is an eternal value and it looks like it will be so for a very long time. In addition, it is no secret that states do not have a very favorable attitude towards cryptocurrency and its circulation largely depends on the position of states and their regulation of circulation in society.
It is true that God and Bitcoin are indeed different assets with distinct characteristic, but it is not accurate to say that they are completely opposite. Both are considered store of value and alternative form of investment, however they posses fundamental differences, such as Gold is a relatively stable asset with history of widespread adoption since centuries. Whereas, Bitcoin is relatively new asset with extreme volatile characteristic and its adoption is in progress.
Understanding these differences is important while considering them as stores of value for investment purpose.
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People like to compare bitcoin to gold because gold is still the most trusted and valuable asset. By comparing bitcoin with the most precious metal and highlighting the advantages that bitcoin has that gold does not have. From there, they argue that bitcoin is the best and surpasses all other assets. It is to say, this comparison usually comes from bitcoin maximalists as they always want bitcoin to be number 1 and prove that they are right. People always have theories about bitcoin surpassing gold, but so far, I see that the demand for gold is still huge, and its market cap is 10 times larger than bitcoin.
The Bitcoin community is full of those theories and speculations but the reality is what we can already see and what the market shows - as you've said. Yet again, who knows what the future holds, it's definitely too early to say.
Bitcoin will beat gold, time will tell.
If Bitcoin and gold exist in the same time, Bitcoin price would be very high compared to gold because there are many features you can only find in Bitcoin, but not in gold.
If Bitcoin and gold exist in the same time, Bitcoin price would be very high compared to gold because there are many features you can only find in Bitcoin, but not in gold.
Bitcoin is not perfect, nothing is. In some ways gold is better than Bitcoin and will always be. Gold doesn't depend on software, on computer networks, on cryptography, gold can't be stolen by malware, gold will not be useless during blackout.
You don't have to buy a physical gold to own gold, you have a choice to buy a digital gold in a trusted site. The risk is high if you have a digital gold because you're relying in centralization.If you say, that timing says it all, then we shouldn't try to add comparisons in favor of bitcoin and try to downplay gold. i also believe in the bright future of bitcoin, but whether it will surpass gold or not, time will tell for the best. it all depends on human need because if something is good, but demand for it does not increase, its value will never increase. bitcoin surpassing gold or vice versa completely depends on users' needs, not just our words.
One big reason to support my narrative and that is Bitcoin is not available physically as gold and Bitcoin is not that easy to buy & store like gold.
BTC is not a physical coin, but it is easy to buy, you either buy it in an exchange or in person if you know someone who is ready to sell BTC to you. As for storage, i think it is Gold that has the problem of storage and not BTC, it is not easy to carry gold bars around or to store it in your home, but you can store your wallet file that has your private keys in your device or in a hardware wallet, and you can write your seed phrase on paper and back it up easily in your home, it makes it easier to store BTC or to move it around without too many problems. First of all, Bitcoin and gold aren't the same type of asset or investment so I don't know why it should even be compared. Bitcoin is a cryptocurrency with a fixated market cap and a very different market while gold isn't as limited and it is surely not used as a currency. Why would Bitcoin surpassing gold be a must? I just din't see the connection.
Also, I don't know what backs up the argument that Bitcoin is 10 times stronger. Stronger in exactly which terms? I don't think we should even compare those two assets and I think gold will always be a strong asset as it is now - since whole countries back up their wealth in gold.
People like to compare bitcoin to gold because gold is still the most trusted and valuable asset. By comparing bitcoin with the most precious metal and highlighting the advantages that bitcoin has that gold does not have. From there, they argue that bitcoin is the best and surpasses all other assets. It is to say, this comparison usually comes from bitcoin maximalists as they always want bitcoin to be number 1 and prove that they are right. Also, I don't know what backs up the argument that Bitcoin is 10 times stronger. Stronger in exactly which terms? I don't think we should even compare those two assets and I think gold will always be a strong asset as it is now - since whole countries back up their wealth in gold.
People always have theories about bitcoin surpassing gold, but so far, I see that the demand for gold is still huge, and its market cap is 10 times larger than bitcoin.
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We compare everything, even in the case of objects that belong to different categories and are difficult to compare. In those cases we tend to use heuristics and change the difficult question for an easier one, with the risk of making serious mistakes.
Back on topic, I think that it will be interesting to add an updated chart that shows the historical ratio between Bitcoin and gold. Take into account that Y axis is not linear (logarithmic scale):
Source: https://www.longtermtrends.net/bitcoin-vs-gold/
Leaving the fundamentals aside and only taking that trend into account, it seems that Bitcoin's market is maturing since 2017 but from my perspective that ratio has room to grow for at least one or two more cycles if no black swan happens in the meantime.
Quote from: https://www.longtermtrends.net/bitcoin-vs-gold/
Bitcoin and gold are frequently compared as investment assets. Gold has a longstanding reputation as a dependable store of value, often utilized as a hedge against inflation and economic uncertainty. Bitcoin, on the other hand, has emerged as a digital store of value in recent years, garnering attention for its limited supply and decentralized nature. While gold offers stability and tangibility, bitcoin provides advantages such as divisibility, portability, and transparency through its digital infrastructure. Both bitcoin and gold are commonly viewed as means to diversify a portfolio and hedge against inflation resulting from fiat currency debasement.
Bitcoin is a non-credit currency ten times stronger than gold.
Why Bitcoin is 10 times stronger, why exactly 10 times and not 100 times, and in what sense it is stronger?
Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin.
Bitcoin is not perfect, nothing is. In some ways gold is better than Bitcoin and will always be. Gold doesn't depend on software, on computer networks, on cryptography, gold can't be stolen by malware, gold will not be useless during blackout.
We don't know the exact amount of gold out there, "most" of it is believed to have been found on Earth.
And because its physical, lets remember what the United States of America did in 1933 until 1974: Executive Order 6102 which declared gold possession illegal. Hiding 12 words is definitely easier...
Just to give you some idea, my country declared illegal the possession of foreign currency until 2019, it has one of the worst fiats of the world for a reason, it lost 14 zeroes in the span of a decade from this kind of (State intervention) socialist mindset.
"The 10 times" is nonsense, because it can easily fall short. Is there "just" 10 times more gold than bitcoins? How do you know? That's the point.
We compare everything, even in the case of objects that belong to different categories and are difficult to compare. In those cases we tend to use heuristics and change the difficult question for an easier one, with the risk of making serious mistakes.
Back on topic, I think that it will be interesting to add an updated chart that shows the historical ratio between Bitcoin and gold. Take into account that Y axis is not linear (logarithmic scale):
Source: https://www.longtermtrends.net/bitcoin-vs-gold/
Bitcoin is younger than Gold and only appears since 2009. Gold has been here in human civilization in many centuries and it has gotten enough tests for demands and market, economical and political changes.Back on topic, I think that it will be interesting to add an updated chart that shows the historical ratio between Bitcoin and gold. Take into account that Y axis is not linear (logarithmic scale):
Source: https://www.longtermtrends.net/bitcoin-vs-gold/
In The bullish case for Bitcoin. The author compares Bitcoin and gold with excellent insights.
ROI chart between Bitcoin, Gold, S&P500, US Bond in last 10 years shows Bitcoin strongly outperforms others.
There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold
As I see it, there is no point in comparing Bitcoin with Gold. Both are completely different things. Sure they have been both used as currency but that is really the only relevant thing they have in common.
Bitcoin surpassing [insert valuable thing here] is only psychologically pleasing to those for whom gold was not already worth less than whatever. But for the people who already thought that Bitcoin is worth more than gold, it will not make a difference.
Bitcoin is unmatched and unique. Something which did not exist in the past. A new generation of money. And if you compare it to gold, it makes it seem worth less, in my opinion.
I still don't understand why Bitcoin is still being compared with Gold. Gold has been in existence for 10x years. Bitcoin came out a decade back. Comparing these two commodities is like comparing an old man and a young man. I mean gold has a lot of potential, trust and value. If I consider Golds popularity, still it is worthless in comparison with Bitcoin. One big reason to support my narrative and that is Bitcoin is not available physically as gold and Bitcoin is not that easy to buy & store like gold. That is not a problem for the existing generation or those from genz. Everyone wants a piece of Bitcoin to safeguard thier future. Whereas that is not happening with gold as it did before 2017.
Bitcoin will beat gold, time will tell.
If Bitcoin and gold exist in the same time, Bitcoin price would be very high compared to gold because there are many features you can only find in Bitcoin, but not in gold.
If Bitcoin and gold exist in the same time, Bitcoin price would be very high compared to gold because there are many features you can only find in Bitcoin, but not in gold.
Bitcoin is not perfect, nothing is. In some ways gold is better than Bitcoin and will always be. Gold doesn't depend on software, on computer networks, on cryptography, gold can't be stolen by malware, gold will not be useless during blackout.
You don't have to buy a physical gold to own gold, you have a choice to buy a digital gold in a trusted site. The risk is high if you have a digital gold because you're relying in centralization. Jump to: