Bitcoin Forum

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

Why Bitcoin is 10 times stronger, why exactly 10 times and not 100 times, and in what sense it is stronger?


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.

I don't know if what you say is true and what the future of bitcoin will be. But as of now, the capitalization of gold is 20 times that of bitcoin so it is definitely safer than bitcoin. Moreover, why does bitcoin surpass gold? While both are different, one is a physical asset, and the other is a digital asset. And both also have different use cases. Bitcoin doesn't need to surpass anyone to prove anything, given what it has and gives us, suffice it to say it's amazing.

What do you mean by non credit in bitcoin, the only thing of bitcoin is that Bitcoin is digital currency that operates digital and it's a virtual currency, secondly bitcoin can not be controlled by the government like the way they  controlled a flat currency that only thing I know that is higher gold, gold is a tradeable currency that has been use for a long time so I believe that both have different role to play

Prove it please. Ten times stronger than gold is a too arbitrary conclusion.

Non sense. Like altcoins, they are here, survive, except dead altcoins, but lively altcoins don't surpass Bitcoin.

Again, I disagree with your logic.

The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1). This article from Vijay can help you to understand Bitcoin better and believe in it more but it can help you to stop your baseless opinion like above.

Bitcoin against gold is one of the topics that have been analytically discussed for several years, and perhaps the topic that is being discussed has been repeated here since 2013, so if so, you will find more details instead of guesses like 10 times better.

What makes Bitcoin and gold valuable is that most of the supply is available in distributors that have the right to add it to the market or withdraw it. all the gold in the hands of people and central banks is greater than the gold that is produced, and therefore the user is the one who controls the price of the currency. The same applies to Bitcoin. The number of bitcoin that will be mined is less than the bitcoin currently in existence, and then it is the users who will give the price a value if the demand increases. Increased demand is what will determine the future direction of Bitcoin just as it did for gold.

Bitcoin and gold both have value to hold and grow in value because of their scarcity, however, Bitcoin has advantages that gold does not. Bitcoin is completely credit-free and is managed through blockchain technology, which makes it difficult to be controlled by governments or financial institutions. Bitcoin is very convenient for online transactions and often has faster and cheaper transactions than traditional payment methods.

The comparison between Bitcoin and gold to determine the average value in the future is quite difficult. Factors such as price movements, global economic conditions, new projects and technologies can affect the value of both assets. With its advantages, it is not unrealistic for Bitcoin to surpass gold in the near future, but cannot be underestimated nor easily derided. And OP also needs to review his own evidence, it just seems to be imaginary.

It's hard to say right now how it's gonna turn up.

Right now, it seems like BTC won't surpass gold because it's fluctuating too much. And I think it's connected with the fact that people trade it like an asset very actively. So right now I don't see how bitcoin will reach the stability needed for surpassing gold.

I think silver will surpass gold faster than BTC at this point because demand for it is rising every year.

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!

bitcoin of course definitely surpasses gold, because bitcoin has a limited supply of 21000000, while the supply of gold is very lots.

but both also have advantages and disadvantages. if bitcoin is the drawback, it could potentially drop in price because btc has a fluctuating nature.

but if gold doesn't have a high risk but the profits our get from gold are not as big as those our get from BTC investments.
and also some people say that gold is only a store of value.

Yes, bitcoin solves some of the limitations of gold such as being easier to store and transport, in addition, bitcoin can also be used for ultra-fast cross-border payments, which no other asset can do. But that doesn't mean it will overtake the gold market because gold offers many other benefits that bitcoin doesn't, such as jewelry use, and is gold's biggest advantage by far. The future is unpredictable, and right now, bitcoin is not yet comparable to gold when there is such a big difference in capitalization.

These are actually valid arguments. Bitcoin is man-made and like anything that was made by men, it may or may not fail. I know it is ultimately based on math but look at the latest Ordinals/NFT stuff happened... the network was already crowded enough and NFT's made it even worse. What makes you think that the next update won't break bitcoin for good? We can't know that. No matter how many hours you test the software before the launch, there is still a chance that you will find a bug later on...

Every new update makes bitcoin more complicated and more prone to the new attack vectors. Segwit was cool but now the btc network is starting to look like a total mess.

Gold on the other hand has been running the same software (which is physics) since day 0. Never had an update because it never needed any. I think that's a big achievement over crypto.

If God had made Bitcoin, he would have made it so perfect that it wouldn't need any updates in the future...

I don't think that Jewelry is a use-case, I think that's just a way for those who are holding a lot of gold to be able to create a product that is worth a lot more than the actual gold itself. This is the same story as diamonds. It's not a real use-case that drives value, it is just a way for those who hold a lot of the supply to liquidate what they own.

Other than distribution methods, like jewelry, which provides more volume/trade for gold or maybe some demand, do you have any other use-case or economic benefit in mind for gold that Bitcoin doesn't?

I have a question? If bitcoin is really better than gold in every way, then why hasn't bitcoin been able to surpass gold so far? Most countries already know about bitcoin, but why, in this time of crisis, is gold still the most sought after asset to add to countries' budgets but not bitcoin?
Just looking at what's going on, it's easy to see that gold is still considered the most valuable and sought-after asset. Although in comparison, we must admit that bitcoin is superior to gold in some, but not all, bitcoin is not perfect in all respects.

Simply because gold is different from Bitcoin, as we all know. They have different utility and not to mention global acceptance. Bitcoin has a more volatile and higher market value but that's not enough. I do also view that Bitcoin do not need to surpass gold because of these differences; it just needs to be as is. Bitcoin is really a profitable asset but is it enough criteria to make it the greatest? It has its pros and cons just like other investments but we should keep in mind that it is still a currency that should be used in transactions. It happened that at the present it is more often viewed as something which is just profitable.

I never liked comparing bitcoin with anything else including gold. They are just two completely different categories like comparing apples and oranges. For starters bitcoin is a currency (potentially money) but gold is not, it is purely an asset and a physical one at that. And most importantly 13-14 year old bitcoin is an infant compared to gold that has been around for ages. At least another decade has to pass before bitcoin is reaching a considerable amount of adoption to be a gold level "asset".

The two asset mentioned represent different phenomenon for different class of people. Gold is better preferred by the aged and the affluent class and so for them they will analyze gold to be more valuable, it represents royalty, it represents riches, they can have it to decorate all that pertains to them.

The other class is the mass population of people that feels they are the new generation that want to get away from the government, like to be liberated financially without been monitored or manipulated. The youths and the internet savvy, they prefer bitcoin because they can access bitcoin with just a little amount of money and with prospect to hodl and grow it. Therefore, it is of variance on what attributes ascribed to both. The old find it difficult with the internet while the youth value the internet as the new age where they can access every aspect of life including digital currency trading from their homes.

I know you are not ready to hear this but Gold is way better than Bitcoin, the advantages of Gold is higher and I don't see much disadvantages unlike Bitcoin.

1. Gold is welcome by everything and everyone, no centralized shit or fight over control.

2. Gold works without grid power and the internet, but not Bitcoin.

Gold is different from Bitcoin and they shouldn't be compared, Bitcoin is digital currency for the internet users but Gold is not.

You're saying Bitcoin is a currency while comparing it to gold, but gold isn't a currency in contemporary world, not really. Also, the 'ten times stronger' part seems arbitrary. What is it based on? The price per something, marker capitalization, growth...? None seem to fit.
Furthermore, what do you mean when you say 'non-credit', again while comparing it to gold? Is gold somehow credit(loan?)-based?
Finally, surpass gold in which regard? The number of people who have any amount of it? The number of people who consider it as investment? Total value?

Gold price rises through a limited tendency.  For example gold will not give you double profit in very short time.  But Bitcoin is one thing that can give you double profit in very short time.But both have advantages as well as disadvantages in different aspects.  Just like bitcoin will give you good profit as well as risk, but gold will give you small profit and no risk.If someone wants to get rich in short time then bitcoin is for him, but by investing in gold you cannot get rich in short time and bitcoin is very convenient fast and cheap transaction for online transactions.

It doesn't matter whether bitcoin surpasses gold or not, but these two investment assets have their advantages and disadvantages. I don't think bitcoin should overtake gold, but of course the two investment assets are always being compared. I like both and I own both, simply because these two assets can give me worth it returns. Gold to me is much more than an investment, so I will still own it regardless of the price.

I also do that sir, I have gold and I also have Bitcoin, I own these two investment assets because of the ROI that I get from both of them.
But indeed, when compared in terms of price and efficiency, Bitcoin dominates and surpasses gold, but in terms of value effectiveness and consistency of value and or the stability of the value of gold, it has that, and the main point is that there is no place that rejects gold and everyone thinks that gold is valuable, maybe this happened because gold was known to humans first compared to bitcoin, which made gold accepted and recognized by all groups.
Considered 10 times better than gold, maybe because it is assessed from the price, not the core elements in both.

Bitcoin is built differently, and it does not have to be comparable with gold. Some people do love the analogy of Bitcoin as gold, but personally, it is inherently different and I tend to refrain from matching these two. Also, bitcoin does not have to surpass gold completely, since there is no competition.

To follow your point, golds are hardly a currency. Besides, gold was already here for ages, it is extremely minuscule compared to Bitcoin's existence. I don't think we have to discredit gold to popularize Bitcoin. And bitcoin continuity does not rely upon whether it will beat gold or not.

Gold is gold, Bitcoin is Bitcoin. End of argument. Because they are not the same. They are the best in their respective places. What is your preference, that is up to you. Which one do you like? If Bitcoin is the safest option for you, you will choose that. For gold, vice versa.
Bitcoin is a technology and not so new today. It has been with us for over a decade. So in people's minds, it has created a place where we can assume it to be safe. If you imply the same thing to gold, it was discovered in 2450 BC. How long has that been? Now imagine its popularity.
The comparison is pointless in some situations. If you feel confident about one then choose that and avoid the other. Or to get the best result. Why not have both? What's stopping you?

I agree with gold is better than Bitcoin since Bitcoin depends on the software and the internet compared to gold which it doesn't need what Bitcoin needed. Bitcoin is different but it does have its uses therefore Bitcoin is good in its own ways and uses. You shouldn't compare both like that as what I have said both have its purpose and that's it. I am not sure why you want to compare both and if you ask me, your question is the same as which is better cash or digital cash.

The value of gold will always remain and tend to increase over time, and gold has been used as a means of transaction and investment since ancient times. If we analogize it, in the past, 300 pieces of gold could buy a nice house, and it remains the same today. However, it is different from Bitcoin, which is considered a relatively new form of currency compared to gold. The difference between the two is that gold can be seen and physically owned in the real world, while Bitcoin is purely a digital asset. Therefore, it would be unfair to choose between the two since they are fundamentally different. However, the value of Bitcoin has now surpassed that of gold, showcasing the remarkable nature of this cryptocurrency.

Bitcoin's value is greater but gold is also a successful way to make money secure. I don't think that bitcoin will surpass gold because gold is not volatile as much as that of gold. If a person holds bitcoin as well as gold so he will be in more stress because of the bitcoin investment due to higher risk but he will not be in much stress with gold investment due to its non volatile nature. Both are beneficial and both showed higher success rate by giving profit to holders but gold will consider more safe as compared to the bitcoin.

I don't prefer comparing Bitcoin to gold as they are fundamentally different. While gold is a tangible commodity that exists in the physical world, Bitcoin is a digital currency that exists virtually. Currency, including Bitcoin, holds a stronger position than gold because it is necessary to acquire goods. In essence, currency is inherently stronger than gold. Furthermore, Bitcoin possesses even greater strength in this regard. The price of gold tends to rise because people view it as a store of value. On the other hand, Bitcoin's value increases primarily through investor trading and profit-making activities.

we don't need to compare the two. Bitcoin and Gold will be a win-win investment. and neither need to be classified as a superior asset.
if you look at the direction of your statement, it seems you are more towards both as an asset. whereas Bitcoin is oriented to be more of a currency.
gold is more stable than Bitcoin. but Bitcoin has a more volatile value for investors or Bitcoin users to use to get better profits than Gold.

Such a small piece of writing and yet, some many over view statements. Certainly one that comes with huge assumptions.
You might have said these knowing that this is a Bitcoin community and we would certainly wish or want Bitcoin to be of more value than gold can ever be but first, we've got to understand all that is said there.

Talking about ten times stronger and also non-credit ideas... what does all that mean?

The only reason I can think of that makes Bitcoin more unique than other commodities out there is that, bitcoin is a more scares commodity than gold can ever be. More gold keeps been discovered as time goes on.
Also, Bitcoin is decentralized and the events that happens with bitcoin remains with the people.

This is one of the concerns, but I'd say it's one of the lesser concerns. Because even perfect code with no flaws would still have fundamental problems and tradeoffs like scalability or the limiations of the Internet. Paper money didn't fully replace gold or make it less valuable, gold just went from being a currency to store of value. Simiarly, Bitcoin will not replace gold fully, it will just be used as an alternative store of value.

Just like going to the White House to tell Bidden that because he is the president of America, it therefore means he is the best president all over the world. People in the White house should be able to ask you your reasons of saying so. Although some will not ask because you are glorifying their boss. How about if they ask, you will reply because Bidden is a non-credit president.

Gold is not a currency, while bitcoin is a currency and was designed to be a currency. Although we have seen investment in bitcoin, but it shouldn't make bitcoin comparable to Gold.

People always expect the growth to be high over the other. This js the major reason why people need price comparison as well a growth in value against each other. Gold have got varied features and it is unfair to have a comparison between gold and bitcoin. The growth of the two have got a very big difference. With gold it is all about the history and the rare availability. With bitcoin it is all about the demand to the supply. Both were masters in their own, nothing needs to be overcome.

Bro. Bitcoin is different from gold. Bitcoin will never be the same as gold. The difference between the two is very clear that we no longer need to clarify you.
I do not hesitate you have far more knowledge that can distinguish between bitcoin and gold.
In terms of age, Bitcoin is different because gold exists before you are there and still there until you make this topic, while Bitcoin when is it?
Two different contexts make me personally do not want to equate the two.

I’d always choose Gold over Bitcoin simply because it’s physical and also it has been around of centuries. I am sure no matter what happens in future there’s always gonna be a good value for my gold. Now speaking of Bitcoin no can be sure if it will even exist in next 10years or even if it does exist will it still be holding the same demand or value? For Bitcoin to really surpass gold first it should atleast be accepted by all the countries without having it banned or whatever.

Imagine someone who wants to invest with a small amount of their own money. They start searching for the right investment options for them. Bitcoin, gold, stocks, the money market, and so on become complicated choices for them. However, believe it or not, Bitcoin and gold have something in common when it comes to investing. You can buy Bitcoin and gold to protect yourself from inflation in traditional currencies and hope to make profits by holding onto them for several years.

Just a friendly reminder of what happened in 1980, which we can interpret as no one accurately predicts the future unless it's a fortunate coincidence. Even though it happened with gold.

https://seekingalpha.com/article/194587-golds-dramatic-rise-and-fall-in-1980s-why-its-important

Here's an analogy: gold and gemstones are actually different, but they share similarities as precious jewelry. Hopefully, this context helps us better understand each asset.

I think people who want to invest usually invest for high profit. Investing in gold will give you returns but you will not be able to get according to your expectation. By investing in gold, it is not possible to transfer or withdraw that investment in a short period of time if he wants profit. On the other hand, investing in Bitcoin is risky but there will have opportunity to earn big money. Those who invest in Bitcoin with risk they can dream of getting 100 times more than gold. Though many have doubt about this but it is not difficult to believe who know about the history of Bitcoin.

Currently gold price has increased a lot in a span of few days but if we compare the increase in price of gold with the increase in price of bitcoin then bitcoin will lag far behind. Because instead of rising in value like gold, the value of Bitcoin is going down. Bitcoin is unable to break out of the conditions it is currently fluctuating in. Bitcoin core is fluctuating within certain levels. These specific levels do not indicate when the price of Bitcoin will rise above these levels. Some online articles are revealing that the price of Bitcoin may approach twenty thousand dollars. But I don't understand from this situation whether the value of Bitcoin will increase or decrease.

The higher the risk, the higher the return, if you want to succeed, you must make a trade-off. If you choose and invest in gold, your assets will be safe because gold is a really safe investment, but the returns are very low and insignificant. Meanwhile, bitcoin is riskier as it is highly volatile, and its future remains a question mark. But if you can take the risk and put your faith in bitcoin, and if one day bitcoin succeeds, everyone in the world will accept it. Then the profit you get from it will be 10 times, 100 times, sometimes 1000 times more than what gold gives you. Everything is very fair, high risk, high return, low risk, and low return, and it will depend on each person's choice.

The only side where Bitcoin can lead Gold is value, other sides Gold is the winner because Gold needs no regulation, no one is using power on Gold, no government want to take over Gold, it's something you can have with no one knowing you have some Gold.

Bitcoin works with the Internet and it is traceable through the Blockchain scan, brother, Bitcoin has more problem than Gold, volatility is huge problem and Gold is more stable than Bitcoin.

Still, I believe Bitcoin is perfect the way it is, because this is how it was built, let's not forget that the volatility performance of Bitcoin is also a big opportunity too.

I hope you did not forget that Bitcoin has a limited supply and cannot be increased. Bitcoin price will increase with scarcity. While Gold has unlimited supplies, and we don't know how much gold can be mined from the earth. Also, I have heard that some planet is fully gold. If humans can manage to go there and mine Gold (not impossible these days), you never know how much gold will be there. This is not even a debate. Whoever trusts and understands Bitcoin won't compare it with Gold. Whoever doesn't trust Bitcoin, you won't be able to make them understand what you are talking about. They will say it's a scam and gambling.

However, The primary purpose of Bitcoin is not to increase or decrease in price only. Bitcoin is for enhanced privacy and security and gives you to power to control your money. It's your own bank which cannot be stolen, and you can access it anywhere if you have internet. At the same time, Physical gold is just pieces of jewelry and can be stolen in various ways.

Gold has become an eternal value due to its high corrosion resistance, which makes gold 1)never disappearing metal 2)metal, which doesn't need specific storage conditions (the only problem of gold storage is to prevent it from being stolen by the others). For BTC and cryptocurrencies, the opposite is true: 1)BTC depends on mining facilities, which require energy for data processing, without energy supply even decentralised system is vulnerable to total destruction 2)the same for storage: it requires energy just to store data, just not to let data disappear, while the risks of cryptocurrencies to be stolen remains as high, as they are for gold. So, neither BTC nor any other digital currency has the potential to become the new gold. It doesn't mean that they are not valuable, though. Gold and digital assets are just totally different things, adopted by people for totally different tasks.

I don't get the non-credit currency you're talking about but if you're going to say that Bitcoin is ten times better than gold, why not list at least ten reasons why it is better, just to support your claim. Both Bitcoin and gold are very useful on their own and have their advantages that make them great. Although there's no need to compare the two, I think I'll disagree with op. Gold is a limited natural resource that makes it highly valuable. Even if Bitcoin has a limited supply, the fact that gold is a natural resource that isn't made by a man, it will always have a value that can be maintained for a long time.

But in the end, it will still depend on how you are going to use them. Bitcoin may be better for certain use cases while the other may be better for other use cases.

Both are good and have different use cases. Does comparing them make any sense? Does it give you any benefit comparing them? Instead of comparing them, I'm still using both and am investing in both. Although gold is not very profitable, it gives me security, while bitcoin offers high returns but also high risk. So I use both to diversify my assets, both for safety and for good returns.

Well, yeah gold has been historically used as a kind of money. But what I mean is a currency in a sense it is efficiently used as a payment form. There was indeed a coin based on gold, a paper noted that is backed by gold. But as of now, it is hardly used as a currency. Compared to Bitcoin, that makes Bitcoin extremely conveniences. You did not have to weigh the gold or use it in a coin form, and the transaction is also divisible.


No, if you mean the value in terms of prices, it does not mean anything. Gold is way superior in terms of market capitalization compared to Bitcoin.

Between bitcoin and gold both have a very big difference, and now we can see that bitcoin must use the network to be able to access while gold does not require any devices related to the network, so the difference between the two is certainly very far and has different risks, although currently bitcoin cannot surpass gold but I believe for the future bitcoin will be more valuable than gold, Because we live in the age of technology, there will continue to be developments, especially Bitcoin whose popularity is increasingly global.

No need to be bias when it comes to these two. It already shown their potential by just reaching it's current value now. Of course the Bitcoin which is a digital currency also have pros and cons, as you stated in your post which is sided in Bitcoin and only mentioned about the pros of it. Bitcoin's volatility also can be considered as cons to some people and you can only use it via software. While for the gold, it could take decades for it to survive and have a low supply that's why it worth a lot.

That's right, In terms of a Store of Value, BTC serves as a more reliable long term store of value and judging by Bitcoin's underlying technology, the blockchain, has the potential to revolutionize various industries and reshape the financial system. This means that there is a transformative power of this blockchain technology that triggers the value of Bitcoin to exceed the value of gold.

Both are good and both are having different usage and compare that you have any reason is there and compare both there is an any usage given and compare both i will use both and i invest in both ,gold not having profit and also they gave a security at the same time the bitcoin given lot of income and also lot of danger given anyway secure my property and  for more profit  i will use both.

Each of them has their strongness in their domain. Gold is strong in the physical dealing while bitcoin is strong in the digital dealing. Remember that you can use gold to buy bitcoin but you can use bitcoin to buy gold. Now the question is, how many bitcoins will you use to buy one gold? Gold is not a currency but bitcoin is currency. Gold is asset and bitcoin is also an asset. And when we come to the value of the two. Gold has value in is area and bitcoin as well. I think the color of bitcoin is gold.

The idea that Bitcoin must surpass gold is subjective and depends on individual perspectives and beliefs. The comparison between Bitcoin and gold is often a topic of debate, and opinions on their respective merits may vary among individuals. It's important to note that gold has been regarded as a store of value for centuries and has established trust and recognition throughout history. Bitcoin, on the other hand, is a relatively new asset. In my belief,  Bitcoin has the potential to surpass gold as a store of value because :

1. Limited supply: Bitcoin has a finite supply, with a maximum cap of 21 million coins. This scarcity is built into the protocol and provides a potential advantage over gold, which can be mined indefinitely. The limited supply of Bitcoin may make it more resistant to inflationary pressures over time.

2. Divisibility and portability: Bitcoin is highly divisible, with each Bitcoin being divisible into 100 million units called satoshis. This divisibility allows for more efficient and precise transactions, especially in the digital realm. Bitcoin is also highly portable, as it can be transferred instantly across the internet without the need for physical transport, unlike gold.

3. Accessibility and inclusivity: Bitcoin operates on a decentralized network, allowing anyone with an internet connection to participate in the network and transact with Bitcoin. This accessibility potentially opens up financial opportunities for individuals who may not have had access to traditional financial systems or investment assets like gold.

4. Transparency and security: Bitcoin transactions are recorded on a public ledger called the blockchain, which provides transparency and immutability. While gold transactions can be tracked to some extent, the transparency and security features of Bitcoin's blockchain are often seen as superior, making it more resistant to fraud and manipulation.

5. Technological innovation: Bitcoin is built on blockchain technology, which has the potential to revolutionize various industries beyond finance. The underlying technology allows for programmable money, smart contracts, and decentralized applications (DApps). This innovation potential gives Bitcoin an edge over gold, which lacks similar technological capabilities.

Thanks !!

I think something is good to do for both because they both provide benefits, even though in the end it requires a lot of funds to be able to get both.
Gold is very popular because in some developing countries it is still considered pride and accessories to equip themselves apart from investment, but since crypto has begun to move they also want to invest in crypto. is a choice and that's fine.

If you compare bitcoin with gold, in my opinion, it is not quite right. Because these two assets have very striking differences and different systems. Because bitcoin is one of the most quality and decentralized crypto digital assets and while gold is one of the precious metals that is obtained from the ground. Indeed, both can be used as investment assets, but still, when compared it would be inaccurate. Because in my opinion, if you compare it, gold should be compared to other precious metals. Likewise with bitcoin, it will be more suitable when compared to other crypto assets, so it will be more in sync.
Because in essence the origin and how to get it are also different. Bitcoin is mined by solving blocks or verifying transactions that are used using sophisticated computer devices. Meanwhile, gold is obtained by digging underground where the presence of gold has been marked. And in terms of usability too, gold has more uses than bitcoin. So, in my opinion, gold or bitcoin are indeed superior, but in their respective paths and fields.

We all know that gold has previously been proven to be a safe investment with minimal volatility and a low risk of losing value. That is why I can't disagree with folks who prefer Gold over Bitcoin. In terms of ROI, I like Bitcoin because you can possibly make more money that you invested in a year. I understand that the higher the volatility, the greater the risk, but Bitcoin is not like altcoins. I believe Bitcoin will not return to zero. When there is a significant drop in price, I believe it will rise again to reach and break its ATH in the future.

Define what is non crediting asset or currency is? I am not sure if I ever heard something like this about any currency which carries high value with as much as five figures. Now that’s mismatch and secondly I’m really not into comparing the Bitcoin and Gold because that discussion has been done thousands of times in this forum and everywhere over the internet. The only output I ever read is they are incomparable and has got no similarities in terms of asset. It starts with one being physical and second one being digital. There are more in the list but it’s vague anyways.

These are the things to say I know Bitcoin has great community support and it has the potential to be the market King and it has many unique characteristics. In front of the Gold Bitcoin is just a newborn baby don't get offended but it's the reality Gold is being used since ancient times, Sometimes as currency sometimes as a Store of value. To reach the Lagace of Gold Bitcoin needs time at least a decade in view because currently the adoption rate is too low + there is a great war ongoing against the economic system.

Not just that but because fiat keeps losing value over course of many years, we are seeing a lot more people end up with a trouble when we are talking about a big amount of gold. If you invest into gold and your nations currency gets devalued, you kept your purchasing power still, because gold goes up as much as the devaluation of fiat most of the time, even if it doesn't happen quickly, it gets there with time.

Same could be considered for bitcoin as well, it does go up when inflation happens and drops when there are high rates, so the logic stands the same but the difference is that it's digital and can be spent as well. This is why it makes more sense to do it this way and invest into bitcoin, it's the better version of gold.

Agreed. Bitcoin is far better at being a currency than Gold ever was, by orders of magnitude. And while the world will continue to run off credit economies and fiat currencies, there is a huge space and need for a hard non-credit based currency like Bitcoin. And it is exceedingly unlikely there will be any challengers to Bitcoin in this space. Between using such a thing for store of value, savings, and spending, in addition to possible other future uses of Bitcoin (since it is programmable afterall, who knows what higher layer functions may grow on top of it), I'd say the applicable economy space of Bitcoin is at least several tens of trillions of dollars, versus the roughly 12 trillion dollars or whatever Gold is at now. I'd put the likely total value of Bitcoin at 5x Gold, so about 100x Bitcoin's current economic size. And that's assuming fiat national currencies still retain the dominant currency position and Bitcoin is just an alternative.

Bitcoin is already more expensive than gold.So the discussion that Bitcoin goes beyond gold is called worthless.Bitcoin is non-credit so BTC will be ten times stronger then gold this thoughts is not true.To replace Bitcoin instead of gold needs to be strong in many aspects such as: Gold does not depend on software, it has its own value that will last a lifetime, in this case, Bitcoin has no existence of its own, which is completely dependent on computer networks and software.BTC can be stolen by malware but in gold propose it is quite impossible.Gold is legal everywhere in the world but Bitcoin is not legal everywhere in the world. Anything can be exchanged with gold but not yet possible with Bitcoin.The worst thing is that there is a possibility that bitcoin will be worthless during blackout but gold won't be worthless in blackout.There are some things that bitcoin is better than gold definitely.That is, at a certain time the profit made by investing in bitcoin will more then by investing in gold.Investing in BTC profit can be double or triple or even more but investment in gold is not same profit as in BTC.So risk with investment in BTC is always better option then gold.

Your point of view raises key issues regarding the place of gold and cryptocurrencies in a diverse portfolio. Gold and cryptocurrencies indeed have distinctive merits, yet, is it financially viable for an average investor to dive into both?

The potential devaluation of fiat currency, you mentioned, accentuates the benefits of gold and Bitcoin. Gold usually retains its worth due to its limited, tangible nature. Bitcoin, with a set supply and operating independently of banks, does too. However, shouldnt market instability and associated risks also be a concern?

Lastly, your provocative stance that Bitcoin outshines gold is worth noting. Bitcoin' digital essence and potential utility indeed separate it from gold. But, doesnt its intangibility and the uncertain regulatory environment pose a risk?

That's just a very basic difference between the two and it's also very reasonable because so far it's never been a problem for those who keep it. I also have both now and store them well without any problems, so very basic things like this I don't think need to be told because those who have both of them will certainly know for themselves how to store them in a place that suits their nature. And you can have both if you like both assets now.

On the one hand, Bitcoin is not comparable to gold. Because gold is a recognized metal that is very popular worldwide. Gold is used by people in different ways. Some people buy gold to keep their money safe and others use it as jewelry but Bitcoin is only a digital currency. Bitcoin is not as popular globally as gold. There's a reason why gold is so popular because people have been using gold since ancient times and are familiar with it, but not Bitcoin. Bitcoin and gold are two different metals and currencies. Just as gold cannot replace bitcoin, bitcoin cannot replace gold. Two different metals and coins are at different places in terms of popularity.

It is confusing how many people are still trying to compare bitcoin to gold when they are completely different, and what if bitcoin wins or bitcoin loses? Will we give up gold and just use bitcoin, or will we give up bitcoin to just use gold if either side wins? Both are assets used in different use cases, and each has its pros and cons. If we are intelligent people, we should not waste time comparing them, instead take advantage of each type to come up with the best use cases.

In terms of its price, the gap between Bitcoin's value and Gold's is now very wide. In addition to that, they also have many differences, because firstly Gold is not volatile like Bitcoin, secondly Gold does not have a blockchain concept.
Although, in other respects they are the same, like as time goes on, its value increases, it can also be used as a currency exchange, but when it comes to the opportunity to make a profit, Gold is very limited, unlike Bitcoin, even if you are a poor person you can own Bitcoin unlike gold you can't.

If you are going to ask any crypto enthusiasts about which of the two(bitcoin or gold)are better...8 of 10 times everyone would side with Bitcoin to surpass the other..,so will a person that loves to see their hard earned money in form of gold.

At this point, it's safe to assume we comparing oranges and apples here, and we can't separate the two which makes me believe this goes down to preference.

But without siding on any side, I think we can invest in both and collect any gains made by either of them...it's all about having a portfolio with a variety of assets.

But as members of this forum it makes sense to have considerably more bitcoin than gold. Gold is nice, you can touch it, in a small piece you can have thousands of dollars, but it is not digital. I personally have a bit of gold but I think bitcoin is better, although I also think that bitcoin will never completely replace gold, as gold has uses in jewellery and industry that bitcoin, being digital, obviously cannot have.

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.

As far as I know it is very feasible and most likely Bitcoin will potentially surpass gold in the future for my small reason is, Bitcoin is the most eyed by many investors as well as several other financial institutions meaning that it shows the great potential power of gold and is seen as a value hedging that works the most at the moment even though it is seen as speculative for people who don't understand BTC. But. it's still very normal.

This shouldn't be a competition, Gold will continue to survive and Bitcoin will always be here to, who cares which is better than the other?

They are both good choices for long-term investment, one is offline and one is online, I think it's a good combination for all smart investors.

I don't care if Bitcoin is twenty times stronger and I don't want to put them head-to-head to know which is better, they are both scare and Gold doesn't need the internet, where as the Bitcoin does.

Let's accept both for what they are.

If I understand you correctly, you mean Bitcoin is stronger in terms of its market price. It is noteworthy that market cap of Gold significantly surpasses that of Bitcoin. Currently the market cap of Bitcoin stands over a trillion US dollars, whereas Gold market cap is estimated over 12 trillion. This stark difference is because traditionally Gold is perceived by vast population, as most secure and safe heaven investment since centuries. While Bitcoin is relatively new asset class in the modern world, and its widespread adoption will take time to materialize.

There is no clear source why bitcoin is able to surpass the price of gold, but some people say because the supply of bitcoin has a limited amount, so when the demand and supply factors exceed the amount, the price will tend to rise. I can't understand what non-credit bitcoin looks like? Even though gold and bitcoin are able to maintain their different values, gold does not have a fluctuating risk like bitcoin because the price of gold tends to be stable while bitcoin is very volatile.

In terms of the price of bitcoin, it has indeed surpassed gold and that's why people consider bitcoin to be the best investment, but when it comes to risks and fluctuations the two are different. Bitcoin is a digital currency while gold is a physical asset, when combining the two it will automatically be different.

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.

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):

https://talkimg.com/images/2023/06/28/SVo2g.png
Source: https://www.longtermtrends.net/bitcoin-vs-gold/ (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.

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.

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.

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.

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.

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.

In The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1). The author compares Bitcoin and gold with excellent insights.

ROI chart (https://casebitcoin.com/charts#roi_chart) between Bitcoin, Gold, S&P500, US Bond in last 10 years shows Bitcoin strongly outperforms others.

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 (https://en.wikipedia.org/wiki/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.

I get that, as every asset is being compared. My question was more about the statement "Bitcoin must surpass gold". Even though there is a comparison, I don't think any kind of competitive measure should be held. Just my surface level opinion, even though I'm not much of an investor or analytic.

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.

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.

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.

I totally agree with you! I guess people want Bitcoin to be the strongest asset, but it is a question if it can really get to that level as it is a much younger asset and market. I rather like to be realistic than pushing Bitcoin to the stars.

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.

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.

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. I just want to remind everyone that we are here to make money and take care of our lives, whether we invest in gold or bitcoin, the goal is profit, we should focus on our goal rather than trying to prove that we are always right and ignoring reality.
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.

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?

Bitcoin can grow more or can die, we can not be sure about its future. Even it grows more, not die, we still can lose our money from our sides. Like store our bitcoins on centralized exchanges, make a mistake in one big transaction, devices get hacked ...

Must be always realistic and careful about risk.

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.

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.

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.

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

When 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.

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.

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.

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.

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.