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Topic: Will Bitcoin replace Gold someday? - page 10. (Read 1298 times)

legendary
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Fully Regulated Crypto Casino
July 24, 2020, 10:13:39 PM
#3
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items.
Replace in terms of economic value? Might be or not. BTC increasing like hell, but its not enough justifying it could replace gold. Yes people tend to shift to digital and this was realized in the times of covid19, however physical gold still holds a value amongt all country while cryptocurrency only matter on few(yet).

Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. COVID-19 will greatly encourage people to adopt Bitcoin over Gold as their next store of value of choice.
I must say BTC is more convenient and literally you can spend it on but only few accept this digital currency compared to gold right. Maybe give or take a few more years, but the idea isnt possible to happen as everything evolves as we go forward.
sr. member
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July 24, 2020, 09:48:49 PM
#2
Never. Bitcoin cannot replace Gold. We have to admit it. It may compete with Gold as a store of value and perhaps even become the preferred option for a short time but it will never replace Gold. Gold will always be gold. The preciousness of Gold is as old as civilization itself. And Bitcoin is not the one to make it worthless.
legendary
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www.Crypto.Games: Multiple coins, multiple games
July 24, 2020, 09:17:01 PM
#1
In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind, as it quickly recovered to its "pre-COVID" prices on the market. It's today where Bitcoin prices are relatively stable. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.

Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. COVID-19 will greatly encourage people to adopt Bitcoin over Gold as their next store of value of choice. Thoughts? Huh
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