Bitcoin Forum

Some claim that Bitcoin's addressable market includes gold, bonds and even real estate and stocks.

How likely do you think this is and to what extent will Bitcoin replace some of these asset classes as a store of value?

Bitcoin is a store of value besides the speculative value but it does not replace any asset from gold, bond, etc. They will co-exist on Earth.

People who don't understand it or over optimistic about Bitcoin, would say Bitcoin will take over fiat currencies, gold, bond, etc. and become a universal payment method. It won't reach to a time like this, personally.

Bitcoin adoption will rise more and more people will own then use Bitcoin or even Lightning network for transactions but Bitcoin is Bitcoin and it does not kill any other assets.

Yeah, I think only the most severe maximalist still sees a complete displacement of current monetary systems. Certainly, money evolves and is updated through tech, even Bitcoin may get reversioned as something else (though not in our lifetime I believe), a bit naive to think that the pace of technological development won't maintain and result in discoveries that will necessitate a re-engineering for Bitcoin (or money, in general).

This is completely out of ignorance. ^{Bitcoin = Bitcoin} and ^{Gold = Gold} Everything we invest in has its own identity and is used for its own transactions.
It is possible that bitcoin will replace money and create a global exchange identity. But for Bitcoin to compete with gold and stocks, it is a bad idea.

I think bitcoin will be in a position when after gold and silver, however bitcoin will not be able to beat gold and silver properly can not be created by man. But, when compared to other central companies, bitcoins can be on top because they have a community even have a lot of rich people in the bitcoin community.

I don't know why some of the users always compare BTCitcoin with something that clearly belongs to another category or field; It's like you're trying to compare water with a fruit, vegetable, and meat ^{[you can't place all of them in a single contest]}.
^{- Each one of them comes with its unique feature as a store of value and we're going to see/use them side by side for a very long time.}

no 'serious bitcoiner' wants bitcoin to replace an asset/currency.
its always meant to be an alternative. an escape. a second choice.

if bitcoin was to become the worlds single reserve currency. then what will people escape to if there is nothing else.

being a open option/choice is more powerful then trying to take over existing options
there is no need to 'convert them' instead you just leave the door open and let them invite themselves

Bitcoin is another asset class, it doesn't have to "replace" any of the things that you mentioned. If the massive rise in Bitcoin has proven anything it is that there is a lot of cheap money floating around right that all of the assets you mention are already at or near to records even though we are in the midst of a devastating global pandemic. The global money printers are in overdrive right now trying to avoid any sign of a recession. Bitcoin doesn't actually produce anything - it is static. Bonds, real estate and stocks can all generate a return (either through rent or interest payments) so Bitcoin is unlikely to ever be any serious competition to those. Gold/precious metals do have some practical real world uses, but those might be limited in comparison to the available supply, so Bitcoin has the highest chance of supplanting this as a store of value.

Why should bitcoin replace something else in the first place? The way I see it, Bitcoin needs to be itself. Waiting for bitcoin to replace something would mean that bitcoin isn't anything right now. You may believe this, that's your choice but that's how see it. People desperately say that bitcoin will replace this, bitcoin will kill that... Bitcoin don't need to kill any other asset to be a legit financial asset. If it needs to, then it is not a legit financial asset in the first place.