Bitcoin Forum

This is more of a philosophical debate, but feel free to tell me if my reasoning is wrong.

People often talk about the price potential of BTC or gold, in terms of US dollars or euro. In my opinion this does not make sense because the value of euros and dollars can be destroyed by central banks printing them to infinity.

So it only makes sense to debate the value of BTC or gold, in terms of an other store of value with a limited availability (BTC expressed in gold, or gold expressed in BTC. Or even in silver)
Fiat currency is not a store of value as we all know. Currency is not money because any currency in history got inflated to 0.

There is an estimated 208 000 tonnes (208 000 000 kgs) of gold available on planet earth. This has been mined throughout history and we can assume that this is not lost. But let's estimate it at 210 000 tonnes to make it easy.

The amount of bitcoin that will ever be available, is capped at 21 million coins. So for each coin that is available, there is 10 kgs of gold available (210 million divided by 21 million = 10)

So in terms of value 1 BTC is worth 10kgs of gold. But given that 10kgs of gold costs 650 000 dollars today and 1 BTC costs 30 000, BTC must be undervalued and still has a potential to 20x from here. So why would people buy gold as a hedge against inflation, when they can buy BTC that is undervalued by a factor of at least 20? I guess the answer lies in confidence and previous experience.

Is any of the above wrong?

A few side notes:

- I think this is only true when BTC reaches mass adoption like gold does now. But I think this has a good chance of happening because CBDC's will lose their value just like fiat currency. People will run to real stores of value like precious metals or BTC. BTC is more accessible than gold and so I expect more people to chose BTC over time.

- Given the fact that many coins are lost and thus not available for trading, maybe the real amount of BTC that will ever be in circulation is more like 15 million. This makes BTC more rare and increases its value in gold significantly.

- Sales of gold are already subjected to taxation in nearly every country. I don't know if the government will succeed in taxing BTC. I guess only if BTC needs to get converted to currency, because then the banks and the IRS get involved. But if we can avoid that conversion for payment (directly in BTC), the IRS and the government are bypassed.

If I am wrong about anything here, please tell me.

people buy gold because gold has been the oldest money since. we're attracted to shiny things. we rub it and stroke it and we keep pace.  ;D

because the governments had already decided they'd launch CBDC, they will still be talking about USD or EUR despite that CBDC is the same as fiat that can effortlessly print money. they can easily tax BTC with the use of tracking using the CBDC wallet.

gold has limits of economics that harm it

if 1 ounce is $2k then 1 gram is $70    ()

there is a peak point were people see no desire in paying more then X per gram for gold becasue the utility is lost after that point.
EG no one will want to buy a phone that costs too many thousands of dollars if gold went too high

however bitcoin doesnt have this problem as much. bitcoin has a kind of 100sat=$1 value limit. but that is far far different to saying if 1btc was $30k then problems arise buying anything below 0.03. bitcoin has many multiples more opportunity before getting to 0.000001


from my view of just very short term market metrics with sone underlying value/cost indicators
gold has a trade window of possibility of $400-$2.6k of its value:premium range
bitcoin is currently in a window of 2 years of $15k- $120k of its value:premium range

bitcoin is at a value low in its range. gold is nearing the top third of premium

i personally see gold being in its "high" era where people would be preparing to sell
i personally see btc being still in its "low" era where people would be continuing to buy

OP you are limiting Bitcoin's potential by thinking it can only be as valuable as gold and therefore only attain a price of $650k.



Bitcoin is much much more useful than Gold. I mean if it wasn't, there wouldn't be much reason for it to exist.

Gold has a little bit of its market value in its use in electronics. Gold has a lot of its market value in jewelry and other uses of it for aesthetic or ceremonial purposes. But I believe most gold is stored in vaults and used simply as a store of value. Bitcoin doesn't have the electronics and aesthetics/ceremonial uses like Gold does, it only has the monetary use. But Bitcoin is orders of magnitude better in its monetary use case than Gold is.

We should therefore expect the value of the bitcoin market to far outstrip gold's value. I would say when Bitcoin's market cap reaches the market cap of Gold that is the BEGINNING of Bitcoin's market starting to mature, not the end. Today Gold is about $13 trillion, I expect Bitcoin to eventually have a market cap of several tens of trillions of dollars in today's dollars. So when accounting for inflation by the time Bitcoin gets to say $50 trillion it'll actually be in the hundreds of trillions of dollars against USD at that time.

Even once Bitcoin is fully mature and is worth several times over what the Gold supply is worth, it should still continue to gain value faster than Gold because Bitcoin is highly useful not just as a store of value but as a currency which is a greater use than just store of value and electronics and aesthetic purposes. Also the fact that Bitcoin is scarcer than Gold will continue to make it the best store of value in the world.

Bitcoin should surpass Gold's value within 10 years, and even at that time Bitcoin will only have captured a fraction of its eventual market.

It's because that's been the standard of conversion for gold and bitcoin. The value of these currencies might go lower but I doubt it that they will entirely go to zero and utterly be destroyed. There can be changes in terms of monetary system but these two that you've mentioned can't just be gone too quickly just as we say.

Even with current news about BRICS that's trying to de-dollarized with their economies. It's gonna to be a work in progress and won't be just applied too quickly so as usd/btc, usd/gold, eu/btc, and eu/gold.

Also with their ability to print unlimitedly, they can still do such controls with it through interest rates and just like what US did recently and still doing some of its control based on how they want to value its fiat.

Yes and the major currencies are the ones that people have an idea about in regards to purchasing power. In order for a new unit of account to establish itself, it takes a lot of time. I addition to that Bitcoin is a brand new technology, which means that people who are not familiar with it also will have issues trusting it as the new unit of account. Apart from the fact that many won't be able / like using it. It's more likely that Bitcoin will find its way into the global society with the younger generations from today. Using a phone, using wallets and so on, that is something many of the older people don't do unless it is something like Applepay where they have an idea what that is about and who is behind it. I am not saying it is better, I am only saying that a lot of people have less issues trusting it.

Whether the USD suffers from inflation or not, too many people still find it easier to judge a good in pennies or USD than in satoshis. It's also not even easy for those familiar with Bitcoin as nobody can tell for sure where its price is going, but that also has an impact because people would spend less if they know their satoshis will increase in purchasing power over time. While uncertainty is usually not a good thing, the certainly that the dollar will further be inflated gives people something to calculate with.

People buy gold or bitcoin because they believe that either of them will have any possible price appreciation in the future. The reasoning as to why they do it is completely up to them and are independent of one another, but what you have stated here also rings true to some extent and is arguable. There will always be a lot of discussions on which of the two is the better choice. End goal is always to get more fiat value per amount of bitcoin or gold that they have because, let's face it, fiat still controls the financial system until now.

Our government taxes BTC also but it does not an important thing, because the taxes are good for building the infrastructure, and I won't debate taxes. Because the real investor is looking for profit, in bitcoin the real investor definitely got the profit, their money sprouts a hundred percent over time. It's different with gold because gold just maintains its value (or against inflation), you don't get a profit when hold a gold and the value of your money does not increase like you hold bitcoin. (we know Bitcoin makes your money's worth folded, right?)

I would never compare a Bitcoin with gold for many reasons, just because Bitcoin act as a store of value, it's not gold, to be honest.
Bitcoin is much more complex just than a piece of gold. They both have different use cases.


Why it doesn't make sense to compare an asset with a currency? It makes a lot of sense. You need a currency to trade an asset and in the above case, both Bitcoin and Gold are an asset. The former is the one for techg33ks and the latter is for the boomers. Not true in every case, some boomers do love Bitcoin as well including JJG.

You literally said there is no reason to talk about Bitcoin and Gold in terms of USD or EUR now in the next paragraph, you yourself are using USD to compare gold and BTC. Does not make any sense at all.

Also, you never know how long Bitcoin will run and what all sort of purpose it will fulfill in the upcoming years. In short, no need to compare it and let it be the way it is, and till the end of eternity, it will always be compared with an actual currency that you use in your day-to-day tasks.

I don't think anything you have said is wrong. Actually, I think you may have highlighted something unintentionally, being that if there is a correlation between the supply of Bitcoin and the supply of gold nearly being exactly a factor of 10. Very interesting!

As for price predictions, you have a good argument with gold against BTC. The only missing component that might limit the highlighted potential of up to 600k USD (at current gold prices) is the loss of market share from gold because of Bitcoin. At the same time, gold may/should increase in price as fiat money continues to fall.

At the point that fiat money becomes worthless, then is a good time to revisit these calculations to find the difference where Bitcoin would become on par with gold...or, where Bitcoin would start to take the market share of gold due to fiat money becoming irrelevant and gold/btc being the new pair to be watched. It might seem unrealistic to think about this now, I believe over the next decade this will be worth revisiting though.

Long term it probably makes sense to think about Bitcoin's price appreciation in terms of BTC/GOLD rather than BTC/USD just because yeah the USD will every year get less valuable and that will compound over time. Like 50 years from now Bitcoin will likely be worth tens of millions of dollars partially due to growth but partially due to loss in value of USD.

Let's say USD's average inflation for the next 50 years is 3%, because it seems unlikely they'll get it back under 2% long term considering the fiscal mess the US govt has been in the past 20 years and that isn't going to change. 50 years of 3% inflation means the dollar will only be worth 21.8 cents of what it is today. So roughly means everything that mains value or cost over time will be 5 times as many dollars.

Now if we project Bitcoin's natural slowing rate of growth in value, and say the average growth rate in pure value over time will only be 10%/year over the next 50 years starting with this year at the price of $17k, that puts Bitcoin at just about $2 million in today's dollars, then add in the 5x factor to account for inflation and that prices bitcoin at somewhere around $10 million in 50 years. Which is just getting kinda of absurd because the dollar won't be worth much at that point, I mean at that point a good hourly wage earner might be making $100/hr.

But if Gold can roughly keep its value, and therefore is around $10,000/ounce (because of inflation's 5x) we can still compare Bitcoin to Gold to get a much better idea of its appreciation against something that is at least somewhat more stable in value. In this case in 50 years Bitcoin would have gone from roughly being worth 10 ounces of Gold to start 2023 to being worth 200 ounces of Gold in 50 years, in this example. That way its easier to see that Bitcoin would have roughly gone up by 20x as a store of value, rather than the >500x against the USD which isn't really helpful.

This idea was popularized by Michael Saylor and many people have believed it, although I think he takes it too far by saying that the Bitcoin is going to absorb all the market cap not only of gold but also of investment art and Real Estate, and I think it is too maximalist.

In the case of gold, it seems quite plausible to me that the Bitcoin, being a kind of gold 2.0, a better digital gold, will absorb much of the market cap of gold, but will it absorb it all? I don't think so. You have to think that gold is used for jewelry and in industry, and you can't put satoshis to make a ring or electronic devices. This is why I see a better future for gold relative to bitcoin than paper maps vs. google maps.

Regarding the previous discussion on inflation, I think it is clear that calculations are made on the basis of how things are now, and in any case inflation will be factored into the future. That is, if the market cap of gold is $13T and that of Bitcoin $0.5T the more maximalist think that the future will be of say $1T for gold and $12.5 for Bitcoin, but that in today's terms, in today's purchasing power. In the future inflation will have to be calculated and the total numbers will be higher.

I'd say that the gold used for jewelries and industries should be considered as altgolds like in bitcoin, as they can be resold at a cheaper rate, cheaper than the actual price of gold, in exchange of goods or money by the owner of the jewelry, depending on the amount of gold used for the production. However, it's almost impossible for bitcoin to absorb all the market cap of gold as gold is scarce and on demand too, almost similar qualities as bitcoin. Hence, the world can't move completely digital, we'll need the physical treasures to show off or run transactions. Even, many people will run to utilize gold than bitcoin for top confidential transactions, as everything digital cannot be considered a secret.

An interesting read and I like your value comparison to gold, giving 1 BTC a 20x undervaluation in regards of its scarcity against gold. Feels about right and the numbers add up obviously.

One point to keep in mind, though: Bitcoin already has major upsides against gold (ease of transaction, doesn't need space nor does it weigh anything, accessible for anyone around the globe instantly) AND has traits totally outside the scope of gold, given by its immutable blockchain among other things. It's aotential payment method especially with layer2 solutions (ligthning etc), it's a ledger technology that allows for transparent verfication methods and more.

To sum things up: Additionally to its amazing store-of-value capacities, Bitcoin has (much!) more potential, thus not limiting its value to that of gold. 50x or more still more than possible imho.

The reason why people favor Gold is as follows :

1. Gold is fully regulated
2. Gold is a well-known store of value
3. Gold is physical (People cannot see bitcoins, so they think it is fake)
4. Gold are being used to make jewelry, so it has multiple uses.
5. Gold is simple... and the Bitcoin concept is complex.

So, these are just some of the reasons why Joe Public will rather invest in Gold... until they learn more about Bitcoin and how rare it actually is.  8)   

For as long as there is fiat, there is always a fiat equivalent to the prices of gold, Bitcoin, silver, real estate properties, etc. Fiat is the the basis of all because it is the legal tender of the country. You may measure stuff in ounces of gold or silver or in Satoshis or Bitcoin, but you cannot remove fiat from the picture even if its supply can be inflated infinitely. It would only mean that commodities such a Bitcoin and gold will have a rising price.

Think of fiat as a unit of measurement, it is not perfect since it is inflationary but it is a lot better than using anything else.
When we report the price of anything in fiat, the point is to quickly understand how much something is worth. For example if I say something is worth 20 dollars, euros, yuans, rubles, rials,... everyone reading this would quickly understand what value I'm talking about but if I said something is worth 20 ounce of gold, most people won't know how much that is worth and have to do some conversion to really understand it.

Besides gold's value and price are both changing. It is not as fixed as you'd think.

I believe that there is much more gold than those predictions, but even if the data you present are correct, what about the gold that has been talked about in recent years and is located outside the planet Earth? Of course, that gold is not available today, but the predictions are that in a maximum of 50 years it will be commercially available in quantities that will far exceed the reserves on our planet.


At the moment, no one is seriously talking about increasing the max supply, but it is still something that should not be completely rejected, because who is to say that some new "visionaries" will not decide in 20 or 30 years to change the code a little and add a few million new Bitcoins. People are prone to stupid things, and I wouldn't be surprised if they add another one to their list of stupid things.


I don't need to pay any tax when I buy or sell investment gold, and I think this is a law that applies throughout the EU, although there are probably exceptions from country to country. And regarding the payment of capital gains tax when it comes to Bitcoin, in most regulated countries there are laws that clearly regulate this and the procedure is not significantly different from the payment of capital gains tax from other investments.

In addition, even the EU has several countries where capital gains tax is not paid if you sell Bitcoin 1 or 2 years after purchase.

AFAIK even though El Salvador and Central African Republic accepting Bitcoin as a legal tender, when you want to pay something directly using BTC, you're still paying in USD equivalent. So until now there's no country set a price in BTC equivalent.

But I don't think paying in BTC equivalent will make you avoid paying tax, because if the banks are accepting Bitcoin, they're will monitor your address and we don't know what they will do. Maybe they will skip if your total holdings are small, but if it's really huge you need to prepare anything.

One of the biggest reason why everyone favours Gold over Bitcoin is due to its existence. I had read somewhere that Gold trading started in the 17th century, we are living in the 21st century. Just imagine the trust Gold has generated in the mind of human in so many years.

Whereas Bitcoin is a decade old commodity and is somewhat complex to understand, doesn't have a physical existence. I assume by the end of this century it would gain the same trust like Gold had gained among humans.  

Bitcoin is much smaller than gold in terms of market cap and it is also much more useful. That means bitcoin has much more room to grow unlike gold which reached its full potential. I am saying this because gold don't really have much real world use anymore other than being used in jewelry and electronics. Bitcoin on the other hand, is a world currency. Millions of people send and receive bitcoin to purchase and sell stuff every day. This is no joke. Bitcoin can easily double or triple the market cap of gold.

Gold is still used a lot in the world, it still an asset trusted and sought by not only people but also all countries who hoard as much gold as possible. In the future, bitcoin may become like gold or more, but for now, it is not comparable to gold. The world population is 8 billion people, and 8 billion people all need gold, but with bitcoin, that number is only a few hundred million.

Gold existed since thousands of years. It was being used since AD and BC era of the human history. It’s logical to think that humans have extra ordinary attachment with the Gold for sure. Over the time we are putting huge efforts into extracting the gold from earth crust. We have heavy machinery, putting high amount of investment to acquire the lands, put huge time and efforts in the entire process.

It’s definitely costly process which adds up value to the Gold. The second most important factor that is giving value to the Gold is: it’s elemental properties making high use of Gold in technology and people around the world having its possession.

This gives demand to the next biggest factor when it comes to the value addition.

Moreover the predominant asset always becomes thing of social status and that’s what Gold has done so far.  

When it comes to Bitcoin, things are relatively naive. People are just understanding the technology and its use case fairly slowly. It will take time for mega adoption of the bitcoin just like what I explain about the Gold above. I think we should never compare thousand years of history with the decade old technology.

Different government has different style of putting tax on assets. From where I am for gold we have to pay taxes to the government if we want to trade the gold legally. There are other ways to avoid tax, we can prevent tax by trading p2p but this not the right way but also it is not restricted.
With bitcoin we don't have to pay tax for that because bitcoin possession is already banned in my country, which made every transaction of bitcoin and cryptocurrency is illegal for us.

Gold is real money and one county currency rate depends upon number of gold available,exports and imports of these countries. human relationship with gold is too old and before these paper currency gold and silver used for buy and sell.

World is changing into modern era and first gold transaction changed into coin currency and later then paper currency which is only receipt for gold. now Electronic money are using most of the countries.

In this modern world Bitcoin technology is more powerful than gold and its adoption is too fast. in 13 years we have seen si much money flow into btc. Hardly ten percent of people would have invested in btc and price increased more than gold. suppose that 80% people start investing in btc then what will be Bitcoin price at this stage. we cannot denied the value if Gold but if we talk about price potential then its obvious that Btc is more powerful.

We can't even talk about 5%, let alone 10% of people, which would be 800 000 million people at this moment. At best, only 2% of people are in some way involved in Bitcoin, and all those who think that some mass adaptation will happen obviously do not think that more than one third of people do not have access to the internet, one part has access that is occasional, and the largest percentage of people who have heard of Bitcoin have a negative attitude towards it, which stems from the attitudes of their governments.

Even now if you have gold you can be considered rich like bars of gold. The major difference between gold and Bitcoin is that you just simply buy or trade golds and invest in physical form. Which can be similar to the Bitcoin but the difference is the way you have to do those mentioned in the gold, like in trading you'll have to understand deeply about it since it's complicated like the market it's much volatile.

For sure they'll trust Bitcoin for many years, it's just too complicated for people to learn and study about Bitcoin. Even some people took years to understand Bitcoin and still keep learning everyday. If you ask a person to invest in gold they could actually do it on their own as they simply know how it works unlike in Bitcoin.

Aristotle defined what money is. He came up with these 4 necessary criteria:

- a store of value
- portable
- divisible
- durable

The only money that meets these criteria is precious metal. Oil does not meet all 4. Neither does land. And neither does currency, because central banks print it to infinity so it ends up losing all of its value.

BTC outperforms gold in the sense that it scores better for being divisible. It's easier.

However as part of durability, BTC will not erode over time but I am extremely worried about hackers and governments taking down exchanges and basically stealing all of our BTC via the law or via raw theft.
I don't even know if it is safer to leave BTC on something like Binance or on a ledger, because both are attacked by hackers and by the government. That is hard to overcome.

I am currently checking out videos of ledger users and the amount of threats is ridiculous.
Thieves presenting themselves as Ledger staff. Address poisoning. Spam that results in a drained account if you click on it.
It never stops.

And if Ledger gets hacked again, everything is gone.

They are two different beasts. I argue they both including silver should be in a a portfolio.

Bitcoin outperforms all four of those things compared to Gold by a wide margin.

- Bitcoin is obviously orders of magnitude more portable than Gold.
- Bitcoin is far more divisible, in that it is entirely trivial to divide Bitcoin by Satoshis, while Gold is much harder to divide into precise amounts (break it and measure it or melt it and measure it).
- Bitcoin is a much better store of value than Gold because its scarcity is perfectly known and therefore it has much better scarcity.
- Both Bitcoin and Gold are durable, though I guess you could say Bitcoin wins this too because Bitcoin can literally never be turned into anything not Bitcoin, whereas it is physical possible to change elements into other elements but its hard enough that the ability to do this is neglible. So I would say Bitcoin and Gold are equally durable.


I'm not sure why you are associating hacks with Bitcoin durability. Hacking has nothing to do with durability. That's like saying Gold isn't durable because it can be stolen. That's not the definition of durability. And why are you so worried? You can store Bitcoin yourself, that's kind of the whole point of it! There is no reason you have to store your Bitcoin with an exchange or with Ledger or any specific thing. You can keep it yourself. But anyway, this has nothing to do with durability.

A peculiar comparison of btc and gold, however, based on it's total number. I don't think that the value of this or that asset depends directly only on the total amount of this asset.

There is potential for bitcoin to rise in price, I'm not sure if it depends on the ratio with gold. I don't see a direct correlation.

Gold has been used for centuries as a store of wealth. People's thinking has inertia, therefore, it will not be soon abandoned in favor of btc. Although, as we can see, many rich people invest in BTC, at least in order to diversify risks. Which is already a good indicator. Undoubtedly, over time, more people will choose btc over gold. If only because bitcoin allows you to increase wealth, while gold only saves. Human greed will push towards the choice of bitcoin.

Regarding the real amount of BTC available to the buyer, I absolutely agree. For a part has already been lost and it is not known how much more will be lost forever. Therefore, fewer than 21 mln. bitcoins will be available in total, and this further increases the value of btc.

Any government will dream of taxing btc and will try to implement it. If bitcoin is used without conversion directly for payment for goods and services, then they will try to collect taxes for this (I have no idea how this will be implemented) or simply such operations will be, in principle, illegal. Big Brother always wants a percentage of our activity.

OP is incredibly right, so right that I have been saying this for nearly 10 years now. I believe that bitcoin will be worth 10kg gold, that is true and that is exactly what it will be one day. This is both good but also bad. It is good because it means we still have 20x to go, but it is bad because it shows that we are not going to have 100x increase in bitcoin ever again (unless dollar crashes even harder than 2008 and 2021 combined) so all in all it's a fact, but not sure if it's a good one or a bad one.

We shouldn't really consider this as a big better great deal, it can be good or it could be bad but it is what it is. I think OP found out about something that should be considered as fact in every discussion.

Something that you are worried about, of course, has a basis, everyone definitely doesn't want to lose their money easily. But you have to really understand that bitcoin is a risky investment where you need to care not only about its price volatility, but not about its security. There is some good advice you should read if you are worried about storage wallets.

Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

If you are concerned about the best method to store your bitcoin safely, then you should pay enough attention to security advice. After all, binance is just a centralized exchange, it is not a secure wallet ^{[not recommended],} so have a wallet that gives you full custody instead of 100% trusting a centralized exchange.

Because gold has been around for several centuries and of course gold has market capitalists because the majority of them already believe in gold because it has a relatively stable value so prices can grow even though it is small per year, they believe gold is used as a reserve asset because gold trade is far away. bigger and almost most of them already know than bitcoin.

Bitcoin has only grown for the age of corn and this has only started a decade but small adoption has begun to spread so that many understand the technology and also the benefits generated by storing bitcoin from time to time, bitcoin has a limited supply and we believe that bitcoin can multiply capitalists more than gold trading, every time bitcoin soars, the increase can be more than 3-5x or even more.

Bitcoin is a rare commodity and it is certain that it will never increase again in its supply.

In terms of usage, bitcoins have more room for innovations and improvements and when they gonna start to adopt bitcoins as means of payment all around the world without any boundaries, the price will surely skyrocket and it might gonna reach the point where we don't even expect it to be. But as for it to go beyond the market cap of gold I don't agree about it in terms of the coming years because there is a lot to be done before that things will happen and I'm sure when gold sales will start to decline in the coming years, that's when bitcoins arise to its full potential.

People assume that by just having that alliance is going to be kick out dollars and just devaluate it too easy. It's not how it goes, I'm not an economist expert but looking at that will really take time and won't come in an instant as there's a process and there's more into it.

It's true that even if bitcoin is already mainstream these days, there are still people that are doubting about its capacity and even more with its usage because all they hear is that it's a dark market thing or a scammers money without further research so we can't blame them for that.

But by the time that all of these things happen all at once and they see that bitcoin is still standing firm then that shall give the assurance that it's one good alternative as a store of value and a unit of account.

Physical gold is quite good and just like Bitcoin, it has a fixed amount, which means once all the gold has been mined, thats it. Gold ist used in many things, jewelry, chips, medicine, science and so on... So obviously people have a need for gold. That sounds like a wonderful currency.

But there are problems, as I see it. First, what happens if a giant amount of new gold is discovered? Or we start mining gold from asteroids in the future? The value will go down very quickly.

Furthermore, what happens once we no longer need so much gold because we have invented better materials? Also, lastly, gold is physical and heavy. That makes it hard to carry around much gold with you wherever you go. So unless you want to trust a piece of paper that says "the government gold reserves owe you an x amount of gold", you will find it hard to deal with as a currency in large numbers.

Same problem with trying to attach gold to BTC. You still need a third party "promising" that they will exchange an x amount of gold for your x amount of Bitcoin. The best middle man between gold and BTC remains fiat, unfortunately. If fiat fails, then perhaps your scenario of the 10kg gold to 1 BTC peg might happen. But again, what will the intrinsic value of gold be?

When Bitcoin price also, I think we will start to experience a huge price hike for Bitcoin in the next short future same like Gold, Gold started from nothing.
As others say, Bitcoin is like a digital version of gold.
Take note also that when Gold started its Bitcoin ETF, that was also the time the price started to go up. So we should be aware of this kind of event too.

In my opinion, gold is a very valuable investment asset and its price always increases from time to time, and in my opinion, it has been proven that investing in gold has nothing to lose because the price continues to increase from time to time.
and the risk is not too high.

but bitcoin is a very valuable asset and many people have become rich investing in btc. but btc has a very high risk because of its unstable price. so many people also lose for investing in btc.
so BTC investment can potentially make big profits and can potentially make big losses.

but I personally prefer btc for investment, because in my opinion the price of btc in the future will be higher than gold.

I feel like there is one obvious answer to this debate. Old/traditional investors can't give up Gold. Its the most well known investing method in history. Its physicality means its very convincing. When I argued with family member about finances lately, she told me she can buy cut Gold - worths a lot - instead of buying gold certificates directly. Bitcoin doesn't have this luxury. And Bitcoin investors are mostly between 18-30 or 35. Very young people indeed. So its gonna take very long for Bitcoin to capture high market cap.

Called investment means there will be profit or loss. Many gold investors also lose, not only bitcoin causes losses. All are tools for us to invest, and the profit and loss depend entirely on each person's ability, you can't blame bitcoin if your investment loses. Bitcoin is highly volatile, so the risk is higher, but in return, you will get a much higher return than gold. And that is also the reason many people prefer to invest in bitcoin over gold.
I don't like to compare the two because I'm investing in both, I'd rather diversify my investment than focus on just one. Both are good and worth the investment.

Old people die everyday and young people who understand technology are starting their careers everyday. Time is on our side. It'll be a gradual shift over the course of a generation as old gold bugs die off and young people who have no use for gold but understand the immense value in Bitcoin not only buy Bitcoin instead of Gold but perhaps sell any gold they inherited to buy Bitcoin.


Side note: I think you are overestimating the youth of Bitcoiners. 18 year olds don't have money to buy bitcoin, and don't forget Bitcoin has been around for well over a decade now. Main age range of Bitcoiners at this point is probably 25/30 - 45. But by the time those 18 year olds of today are like 25 or so and start to have money to invest Bitcoin will be a bit more mainstream and a lot of them are going to be buying Bitcoin while in the meantime a lot of old Gold bugs will have kicked the bucket.

this is the old ways mate , in which most oldies believe but for the modern world in which we are now  in cashless society ? I'm afraid if still gold is our main interest in terms of investments or holding.
taxing bitcoin? is still a hard process to implement , I know that this is also what most government wanted but implementation ? will take another long.

Bitcoin doesn't really compare to gold. Because Bitcoin is a digital currency that has no real existence but gold is a real valuable thing that people can hold and touch and that has a real existence. 
However, although they are different in practical terms, people often compare them because the value of these two is very high and both are very valuable, one is digital value, the other is real value. People buy Bitcoin for profit just like gold but they mostly don't buy for profit. Because the price of Bitcoin is not as volatile as the price of gold. 

Gold is bought by people as a support of life but the main purpose of buying bitcoins is to earn profit from the purchased bitcoins. Considering two aspects, two are very valuable and people buy these two valuable things for two types of purposes.

and in gold they felt safer as they are the old investors who believe in what you see is what you believe and what you have in hands  is what you keep , but in our days now?
people are mostly  into  online apps and online payments in which ending up? a world that will use virtual money .
Gold will always remain as a keep safe while crypto is the daily use.

Not only the older generation is investing in gold, but everyone still needs gold, simply because it is by far the most valuable metal. Countries still consider gold the most valuable asset to hold more than any other asset class, so it would be an illusion to say that gold will be phased out in the future. You and I and everyone here are favoring bitcoin over gold because its returns are better than gold. The stability of gold can't make you rich, but with bitcoin, you can get rich, that's all you and we are thinking.
If I had a lot of money, I would still hoard more gold instead of bitcoin, but since I don't have too much money right now, bitcoin is my choice because it can make me rich.

from the past until now there are still many people who debate gold and btc and are still debating whether gold is good for investment or bitcoin.

I think btc is a digital currency that can't be touched
whereas gold is of course touchable.
I think gold and btc are valuable assets and should not be compared.

but I don't think we will be able to measure btc price in future because it could be btc price exceed 1000000$.

It doesn't make sense to denominate BTC in dollars or euro because the amount just depends on how much central banks devalue those currencies by printing them with no counter value. For the same reason it does not make sense to denominate BTC in Venezuelan Bolivar. Their hyperinflation shows why it makes no sense to denominate any hard assets in fiat. An egg costs 10 000 Bolivar there. Imagine what 1 BTC would be in Bolivar.

Banks are terrified of people leaving their monetary system because a liquidity crisis will cause them to default on investments, and eventually leads to a complete collapse of the monetary system. That is guaranteed to happen anyway, but people leaving their system escalates the velocity. Interestingly, a collapsing monetary system is exactly what their adversaries (BTC investors) want. Because it causes fiat money to flow into BTC, and so its value increases.

So a growing amount of people investing in BTC (number of accounts with 0.1 BTC is now at an all time high) combined with a trembling monetary system is a recipe for a perfect storm and will lead to a hyperbolic increase in the price of BTC. The only way banks can stop the entire collapse, is by using the law to prevent conversion of fiat to BTC. This is why I did not invest earlier. I always thought that this would happen earlier. The excuse of the government will be that investing in gold or BTC poses a systemic risk to the stability of the monetary system, and will therefore will be forbidden. But it seems that regardless of the law, people always find a way to invest money in BTC.

I predict that it will take less than 1 year before banks start an all out war on BTC. It reminds me of Nixon banning the conversion of fiat to gold in 1971. The elites will not allow society to convert their worthless paper (dollars, euro) into anything that has real value (gold, silver, bitcoin). They want to force us to hold these worthless papers, so we end up with nothing and they have all the power. By 2030 you will own nothing, said WEF founder Klaus Schwab recently. Well at least I will own bitcoin.

People say that investing in BTC is highly risky. I think that this is only true if you plan to get rich in the short term. In the long term I don't see any scenario other than BTC skyrocketing. Unless the government can scare all investors by giving them life sentences in prison. Keeping your money in a bank is far more dangerous. In fact I see no other scenario than it becoming totally worthless.

Gold will always win.

It will always have value, and whoever invests in it will not get crippled when the global financial system comes down.
But I'm not sure it is the most profitable investment. Silver is in high demand and it is currently undervalued.

I believe that bitcoin is the first digital store of value. Will it be the only one? I am not sure. For any other token to be a digital store of value, it would have to be limited in quantity and outside of government control. I don't think any of the altcoins qualify for that.

How and why? You should bring some arguments, otherwise, that looks like you don't know what are you talking about.

gold is a valuable item and very many people need gold because gold can usually be used for many things including electronics and so on.

but if our investing in gold, in my opinion, the profit will be small if the capital is small, but our can also get big profits if the capital is large.

but what I know about investing in BTC, even though investing with small capital can get big profits, as long as we are strong in holding BTC in the long term.

Even if the demand for silver grows but still cannot overtake gold, gold will still be the most valuable metal unless the world discovers a better metal than gold. But to compare gold to bitcoin, I wouldn't see a winner, both have their own use cases.
But for investment, I would choose bitcoin because it offers higher returns, and it is much easier and more convenient to store assets in bitcoin than in gold. Bitcoin is a digital asset, more technologically advanced, so it will be more useful and have more use cases than gold in this day and age.

The world are just gradually growing with the use of technology and making use of digital currency, which Bitcoin is a function of digital currency which cannot touch, but have the feeling of having it and spend it across the global market that can be converted to our local currency been credited to our Bank, which requires educational process towards Bitcoin business, in order words Gold is an asset someone can buy and hold physical for long periods of time, before selling it. And the security of Gold business is very high. I keep prefer holding Bitcoin than Gold, because Bitcoin is more secure and has rest of mind.

Asking such a question shows that you lack elementary knowledge about what Bitcoin is and how to store it safely. It is pointless to compare any CEX with any non-custodial wallet, your private keys in your private possession only give you maximum security, of course if you know how to keep them properly.


You are currently being brainwashed with cheap YT videos that obviously convinced you that someone hacked Ledger in the sense that they hacked Bitcoin, and it is actually about the database of those who bought that device. Stop talking nonsense and spreading panic, you'd better learn some basics before jumping to conclusions that have nothing to do with common sense.

A significant percentage of the world's population is still under government control. This condition makes anything that can be managed by the government valuable, and the public has no choice but to trust it. When the public believes that something is valuable, it leads to the culture desired by the government.

Gold has been around for a long time, and everyone believes that it is very valuable because of its beautiful physical appearance. Its value will not decrease because this metal is indeed very beautiful.

In comparison to Bitcoin, Gold appears to be more appealing at present due to its long-standing credibility. Bitcoin, being a relatively new entrant, warrants cautiousness among people who are hesitant to speculate on something that is not yet established.

I was looking for experiences of specific users. This guy lost 25 000 to address poisoning, which seems new and therefore could surprise more users like him.
Are you telling me that this did not happen in the authentic ledger live app? https://www.youtube.com/watch?v=gNhzOQGyvfY&t=6s
My goal is to raise awareness, not to spread panic.

The price of gold has increased significantly compared to Bitcoin in the current market. However, at one point the value of Bitcoin was double that of gold. When bitcoin was worth more than gold people started investing in bitcoin instead of investing in gold. But Bitcoin is a virtual currency, whose price fluctuates all the time. That's why once the market goes into a bear market and the Bitcoin market goes all the way down, the price of gold rises again. But I think there is a possibility that the value of bitcoin will double that of gold again in the future. Because when the bitcoin market starts pumping, the bitcoin market will go all the way higher and increase more than the price of gold. So I think investing in bitcoin instead of gold can make a lot of money in future.

This is not a hack like you are talking about in your previous posts, but a cheap trick that only the naive will fall for, and not even all the benefits of the hardware wallet will protect them from their own stupidity. That's why I wrote that you're brainwashing yourself by watching videos, and you don't understand the concept of "hacking" you're talking about at all, when in fact it's about simply exploiting human ignorance.

Neither Ledger as a device was hacked, nor their Ledger Live as an interface, nor does it have anything to do with Bitcoin - if you are interested in more, @Pmalek described what exactly it is about -> What are Address Poisoning Scams? (https://bitcointalk.org/index.php?topic=5433343)

Before bitcoin, people tended to invest in gold.
But after there was bitcoin, people started investing in bitcoin, especially those who realized there was a technological change in the world and saw the potential of bitcoin.
I would also choose bitcoin and gold as investments because they both maintain a hedge of the asset.
So it's not surprising that people are still investing in gold because the price tends to be more stable than other investments.
But even so, bitcoin can also be a long-term investment option because the price of bitcoin can increase very much more than gold.
And lucky people who can own bitcoin and gold at the same time.

Your understanding of it all is too superficial to spread awareness. Address poisoning is a social engineering scheme designed to trick you to send scammers your coins. The victim is the one doing the sending, the scammers just set the traps. Those who know how to use bitcoin and crypto properly and how to work with different wallets, have no reasons to be worried. Those who don't, should learn before it's too late, and they lose money to whatever trick scammers come up with next.

Address poisoning is not the fault of any software or hardware wallet manufacturer. It's a feature someone learned to take advantage of due to the way the underlying networks for certain coins work. 

Both are important asset elements to get, of course those who are aware of technological progress and the world see the potential of Bitcoin, Gold is a good investment and it looks real, not much different from Bitcoin but where Bitcoin looks real and it is in Digital Form, but what has become the dominant world investors with the development of technology and the popularity of Bitcoin now many people are jumping in to invest in Bitcoin.

Imagine a scammer changing your recent transaction history in your regular banking app.
I assume you use it regularly like everyone else. I copy paste previous receivers regularly because I trust that the history was not changed.
If those addresses were changed by a scammer, operating inside a regular banking app (not downloaded from some fishy website) I don't think anyone would accept that and many people would fall victim. The user I mentioned is not a beginner.

I get fake emails from people posing as bank clerks. Phone calls, text messages. I don't fall for any of that.
But scammers being able to change the transaction history in an official app goes very far, in my opinion.

I'm not very tech savvy, that is true. But I'm not some dumbass.

When I mentioned a hack I was referring to a previous ledger hack, mentioned on a popular informative crypto channel Coin Bureau with more than 2 million subscribers. https://www.youtube.com/watch?v=0J6YOKhpDWg&t=8s

While address poisoning and hacking are not exactly the same thing, in my opinion it goes very far that outsiders are able to change the transaction history inside an official app. That does not happen in regular banking apps (not that I am in favour of them), I assume because they are protected against it.
I think you know that this shouldn't happen. And I think it's quite easy to call people who fall for this stupid and ignorant. Everyone was once a beginner with hardware wallets. So were you.

In these two important assets I only see the difference in the level of increase and decrease in price, as well as the current level of demand. As for other things, I found no difference other than just the physical form that can be seen and held directly on the gold.

And for investment I think both are good, but if you want better profits without being too afraid of the risks, then Bitcoin is a more appropriate choice. As for investing in gold, I think it's more of an asset to store the value of the money you already have so you won't find more profit through investing in gold.

I like gold, especially in the form of necklaces and earrings because it adds to my aesthetic when wearing clothes on important days (weddings or other events) ;D. but do I make gold my long-term investment, the answer is no, I make bitcoin a long-term investment because bitcoin has a limited amount while gold has an unlimited amount, and if many countries are busy making bitcoin their currency back up then I am sure the price of gold will crumble to smithereens.


in the topic that I once made, I touched on that, (https://bitcointalk.org/index.php?topic=5417691.msg61154743#msg61154743) so the imposition of taxes on bitcoin holders for me has pros and cons because actually bitcoin was created not to be controlled by third parties, except for yourself. but each country has its own rules regarding bitcoin, some make it legal tender and some make it a commodity asset (as our country does).

About 210 tonnes of gold have been mined in human history. So the amount is limited, which is why it keeps its value.

There is absolutely no debate here, bitcoin has a MUCH higher price potential than gold ever will.  Gold is more so a hedge asset, not an investment.  Sure there are times where it can be an investment, and work out like an investment, but savvy investors who buy it to hold for the long run do so with the mind of owning it as a hedge asset if the market tanks.  Savvy investors who buy bitcoin for an investment do so as a "home run swing" type investment, meaning they realize the price potential is great (however that comes at a cost of volatility, the exact opposite of gold).

I had come across one thread where the person had sold their wife gold to inverse in bitcoin. So the traders think, bitcoin is greater then physical gold. The traders think the bitcoin will give many multiple of profit from bitcoin as compared to the physical gold. In that thread, the person had mentioned about the 2024 halves will make the bitcoin price will increase to 10x of the current price. So he can regain the gold and more profit from it. With my opinion better earn and multiple your income from trading of crypto currency. Gold can be used to get money as an asset, which bitcoin or cryptocurrency are not able to get that features. But by investing in bitcoin by selling your gold will gives you 3-4 times of the profit from your investment with a certain period of time.

Look at this graph of how much gold is produced worldwide:

https://i.imgur.com/UaXr32Y.png

Gold is not scarce.

Also, many companies are selling you "gold" that is stored in their facilities. It can be hard to know if they actually have enough gold to give to their customers if everyone decided to take their "own" gold.

based on the article below, the number has not touched it;
source-- (https://www.gold.org/goldhub/data/how-much-gold)

but there is something a little strange in my opinion, in this article it is written that the number of unmined gold reserves is only around 57 thousand tons but it is still based on a survey in 3 countries (China - Australia - South Africa) but why are other countries such as rusia not counted, because currently Russia and the US are still actively producing gold reserves (and many are not yet mined),
source-- (https://www.usgs.gov/faqs/how-much-gold-has-been-found-world)

I forget where the topic I have read is, but someone has reported that gold reserves have been found on Mars, which means that the amount of gold cannot be estimated.

Yeah Bitcoin is much much more scarce than Gold. Gold is scarce, but Bitcoin's scarcity makes Gold's scarcity look like a joke.

With Bitcoin we know exactly how many satoshis will ever exist, and we're already 92% of the way to the max supply.

With Gold there is no way to know how much there is in the Earth, all we know is we are nowhere near mining all of it. And of course we will never know if we've mined all of it even when gold mines run dry, because no doubt there is plenty more somewhere in the earth, and there will always be a possibility of finding that in the future. There's also the chance of finding gold in celestial objects in the future.

Despite the fact that Gold has been prized for thousands of years, most of the Gold that has ever been mined has been mined in the past 100 years. And Gold pretty consistently has an average inflation rate of 1.5%.

Bitcoin is perfectly scarce, while Gold is highly scarce (but nothing compared to Bitcoin) but its scarcity is still unknown. A far higher percentage of the Bitcoin supply has been mined than the Gold supply, and there is zero chance of ever mining more Bitcoin outside the 21 million, while there is always the chance of finding more gold on or off Earth. And a year from now once the halving hits Bitcoin's inflation rate will drop below Gold's finally, and it'll just keep dropping to zero, while Gold is likely to stay around 1.5% annual inflation.

Gold is good for electronics and making things pretty.
But if we're talking monetary "tech", Gold is a freakin joke compared to Bitcoin. Gold was already made obsolete in terms of efficiency thanks to paper money and later digital money in banks, but it still retained its prized utility as a store of value when national currencies went off the gold standard. But with Bitcoin in existence now the use of Gold as a store of value is entirely obsolete. Gold is to Bitcoin as the horse carriage is to automobiles.

Gold is scarce if you compare it to fiat and the needs of people around the world, and that's why gold has a high value and still has the potential to go higher in the future. Our world is 8 billion people, and talking about the need for gold is needed by everyone, so it is still considered scarce.

But when compared to bitcoin, gold proved to be much more abundant than bitcoin. But the problem is not scarcity is that there will be a high value, if there is no need, the scarcity will also become useless. For me, these two types of assets are very important, I don't want to compare because no one forces me to choose one of the two, I like to use both.

The history was not changed. A new entry was added to it. Everything that happened before is still there.
 
Bitcoin and crypto is not the same as your online bank. And if you blindly copy transaction data from your bank app's history, such a thing could happen to you with your online bank as well. If I sent you $0.01, and my transaction was the most recent one in your history, and you copy my bank details and send me $1000 instead of to your brother without checking any of the details, whose fault is that if not yours? Do things properly and you wont have to face any consequences. With traditional banking you can revert your mistakes, with bitcoin you can't. It's not a weakness, it's an integral feature.   

No matter how many times you repeat it, the transaction history wasn't changed. It got updated to show the most recent activity. No one altered your old history to point to other addresses. And even if they did, it wouldn't matter if you used it properly.

I hope you aren't for your own sake. Don't copy transaction info from transaction histories and blockchain explorers. There is a right and wrong way to do it. Whoever got affected by poisoning scams did it wrongly. It's that simple really.

To my own understanding, the debate doesn't make any sense because BTC can never be like Gold although they may both be an asset but the purpose of BTC creation is totally different from Gold and I come to believe those that debate about the price potential are those that are not into the beauty of BTC technology.
For the record, BTC was considered the most profitable asset just in 14 years of its existence that's enough to judge BTC potential we don't need any debate when the market performance in years to come to be the judge.

Each of these assets deserves the attention of investors, I think that in the long run they will both bring profit, the only question is which of them is able to bring more profit, and here I think the advantage is on the side of bitcoin. In the future, the price of bitcoin may also become much more stable, the volatility will decrease significantly, but so far, bitcoin has a very good potential and this opportunity should be used.

Yes, the two assets deserve the engagement of investors but it's the performance of the asset in the market that will determine the investor's engagement because the investor will always flock to the asset that will provide them the needed profit and this is the exact strategy some influencers used to lure investors into shitcoin.


The volatility level of Bitcoin may decrease in the future but there is no way the price of the BTC market will be stable

True, that's a valid point.

There are levels of scarcity, and although gold is somewhat scarce, it is way less scarce than Bitcoin.

And well, fiat is not scarce at all since you can print an infinite number of it.

I think The scarcity of gold and Bitcoin is a key factor in their appeal as alternative stores of value. They are seen as hedges against inflation and currency devaluation as their limited supplies make them resistant to the effects of monetary policy.

In contrast, both gold and Bitcoin have limited supplies, making them scarce assets. The supply of gold is limited by its physical availability, while the supply of Bitcoin is limited by its code, which limits the number of Bitcoin that can be mined.


Yup, The Fiat currency is not scarce as its supply is controlled by central banks, and they can increase its supply at will through the process of monetary policy. This can lead to inflation and decrease the purchasing power of fiat currency over time.

Maybe all understand the reasons why people buy gold or Bitcoin with the expectation of a future price increase. However, the comparison between Bitcoin and the potential price of physical gold is complex and requires a deep understanding of the unique features and market dynamics of the two assets and Some investors prefer gold for its historical track record and universal acceptance, while others prefer Bitcoin for its technological innovation and high potential returns.

The key question for BTC to survive, is whether the launch of CBDC's near 2030 will make it impossible for money to flow into BTC.
My hope is that people will always find a way to put money into BTC, even if we get paid in CBDC's.

CBDC's have not even been launched yet, and most people already realize that it is the same monetary fraud that led to the devaluation of currency that we all experience today. I am going to purchase at least 1 BTC, and no other currency. I will hold it for 20 years even if the local authorities come after me. And I will never sell before the 20 years are over.

You can always sell goods and services for Bitcoin directly.

You don't need to go through a middleman with fiat.

The more people do this, the easier it is.

You could offer your job and be paid in Bitcoin, someone else can rent their home and get paid in Bitcoin, and so on.

What if the government doesn't let you do that, and people aren't excited to accept bitcoin because of the government ban? Bitcoin can do all that, but the bottom line is that without government consent, you won't be able to use bitcoin. As long as fiat remains the world's primary currency and the government doesn't accept bitcoin as currency, there's no way you can use bitcoin without fiat.

Such calculations are generally incorrect, since gold and bitcoin are incomparable things. They are so different from each other that we can say that they are absolutely opposite, except for the high price. There are a lot of things in the world that are less than 21 million, but this does not mean that they can be more valuable than bitcoin or gold.
The price of bitcoin is determined solely by the ratio of supply and demand. It depends only on these indicators how high it will rise in price and nothing else.

The both of assets has a physical potential price value and is very hot in the market and buyers are ready to buy Bitcoin or Gold at any point in time, hence in time of privacy without thirds part knowing who is selling for a security purpose reason, Bitcoin is more prefer for free of physical charge security reasons, while Gold business person needs security around and is more risk business than Bitcoin.

Most of developing countries have outlawed the use of Bitcoin, and while gold was used in the prehistoric era as a general form of payment, it is no longer significant in the modern world. Fiat currencies are always stacked high by central banks in countries in order to circulate and meet people's needs and wants. In spite of the fact that gold is actually expensive and scarce, it has long served as a valuable commodity and a way of generating income for citizens. Bitcoin has always been tradable on the cryptocurrency market.

It is pretty much a given that by 2030, the government will have us paid in CBDC's. That would lead to me not being able to purchase an airplane ticket if my carbon offset is too high. I call it digital slavery.

I wonder if getting paid in CBDC would result in not being able to buy BTC. I hope that there will always be a way

There's no way of stopping a Bitcoin transaction.

Also, some governments have tried banning the Internet, but they simply cannot do that.

There's always a way to do things if there's an interest in doing so.

Bitcoin and physical gold are both considered as a store of value and a hedge against inflation. However, Bitcoin is more volatile and has a higher potential for growth due to its limited supply and increasing adoption. On the other hand, physical gold has a long history of being a safe haven asset and is less susceptible to market fluctuations. Ultimately, the choice between the two depends on an individual's investment goals and risk tolerance.

I agree, gold is scarce and you may see it here and there if you look for it, but there is a limit to it. there is about 210k tons of it available, a bit less (208 or something) and that is it. Now when you put that into perspective, so many nations buy it and store it so that is a proof that it will be like that for a long time.

But when we are talking about 0.00026 tones for per person, or better yet something like 25 grams per person give or take? Check my math because I am not sure if I am right :D. But all in all we have 8 billion people so it's 25 grams per person, that's scarce. Same goes for bitcoin though, there are 21 million bitcoins and 0.0026 btc per person available even when all of it is mined. Same logic.

Gold is as scarce as Bitcoin but represents the old world we should break away from. I understand that material and tangible things always have value but now we have to think about a digital life and there is no solution other than Bitcoin.

I would not compare these two assets because they have slightly different applications, although I like your idea. But I do not agree with the numbers and the peg of BTC to kg. Both of these assets are universal in their own way and freely convertible into different currencies, and this is their advantage. But gold is a more universal asset and is recognized all over the world by all countrys and people, while Bitcoin is not yet.

Norway sold almost all of its gold reserves because they don't provide a great return and also because the nazis almost took them: https://en.wikipedia.org/wiki/Flight_of_the_Norwegian_National_Treasury

They only kept a small amount for historical purposes.

Also, gold is not freely convertible into different currencies, gold is sold at a specific price that might change, which is an important difference.

You arenot wrong, all you wrote is simply your opinion. Now factor in that 7 billion people will not have the same opinion about your simple equation of existing gold and existing bitcoin and value.

I will point out some "discussable points" you made.

gold has nearly no value to you, if you need water or food urgently. look into post world war II deals of simple people. why you think?

bitcoin and gold was valued by you against "dollar". why did you do it?

if everyone was looking for an undistored currency, i say bitcoin is the best the world has to offer. everyone knows the rules, everyone know how to mine, everyone knows the cap. no politics involved. no censorship.

yet the whole world is ruled by "people in power" and "politic" and people who simply dont care about "mathematics". now rethink. what happens if not everyone thinks like you? what would be a fair value?

Bitcoin lovers like us have always wanted bitcoin to be the center of the world, replacing the assets of the older generation, and I know that's normal. But it should also be more realistic that that's not going to happen anytime soon, and I don't think it's possible either.
Gold is still the most sought after thing not only people but even countries are scrambling to reserve as much gold as possible, and they have a reason to do it without choosing any other asset. Bitcoin is scarcer than gold, which is indisputable, but the demand for gold is still much higher than for bitcoin, which we also accept.

It has always been like this all the countries make a gold rush to fill the safes but in essence this gold is of little use.  To remind you that Fiat is no longer anchored to gold and therefore the equivalent value is also fake.  So what will they do with that gold in the future?

Gold is more understandable for people, you can buy a gold jewelry and hold it in your hands, but with bitcoin it’s not so simple, those who don’t understand the technology don’t understand how everything works, so they will give their preference to gold.

Bitcoin is relatively very young, and gold has gone through centuries, crises and world wars, which is why it is more credible. But it will be the same with bitcoin, because now there are many who doubt how long bitcoin will be exist, and in this case, only time will help.

Physical gold will always be one of the things that we must have, it is mandatory to have some grams of gold because we do not know what can happen in the world and if something happens, the only thing with value will be gold, so it is not bad to have it, but compare with bitcoin they are things that should not be, perhaps because bitcoin is considered digital gold, but it is something that has other connotations, they are assets for me, or actions that can be used and that they must know how to use and buy to maintain stability at some point when it is necessary, between bitcoin and gold, I believe that both are equally important.

Well if things go absolutely wrong, then the most valuable thing to have is some basic skills, and a good network of friends.

Gold or anything similar will probably be worthless in a society after a catastrophic event.

When you're trying to survive, no one cares about gold et al.

The potential of bitcoin is so much higher than gold. The price of gold doesn’t go up anywhere near as much as bitcoin. Gold is useless as a means of payment, you can’t transport large amounts across borders without certification & proofs.

Bitcoin is the future, gold is the past.

Yeah, Bitcoin is going to be a fundamental block in society, just like the Internet is now used for communications, the Bitcoin network will be the backbone of international financial transfers.

You will be able to send and receive any kind of currency, convert it locally to Bitcoin, send it or receive it through the Bitcoin network, then exchange it on the other country to the target currency. And that's just the first application.

Currently, gold is one of the most valuable things in the world. Most of the people of the world probably know about this gold. Gold has a tangible form. People use gold not only as ornaments but now people also use gold as their savings.  There are many people who save money and spend it through them, basically those people save gold instead of money. Many people invest in gold. That is, they buy gold with a large amount of money at that time when the price of gold has come down relatively much. 

Bitcoin is a digital currency. It has no real shape. But the interesting thing is that despite its lack of physical form, Bitcoin is a very popular currency worldwide. Maybe not so many people around the world are aware of Bitcoin like gold but the amount of investment in Bitcoin is very high. Many people have now chosen Bitcoin as one of their investment mediums.

Gold Is Gold And Crypto Currency Is Crypto Currency And It’s Totally My Opinion Gold Have Limited Price Boundary And Possible To Hike/Growth Very Small Penny Amount Of Money Or US Dollar But If Anyone Compare Crypto To Gold I Thinks She/He Fool Because Crypto BTC Price No Have Any Limitations For Growing Price Anytime Easily As Well Possible.

There's also a lot of fake gold around the world:



And so on.

It's really hard to be 100% sure the gold you're buying is genuine. You might end up losing almost all your money if you buy the wrong thing.

With Bitcoin you can easily verify if it's genuine. It simply works.

I totally agree with you! Nearly none of those who talk about BTC or alt price fluctuations consider fiat (predominantly EUR-USD) price fluctuations, while main world's fiats are actually at a high risk of heavy inflation now. So it's really a problem of modern economy - to find something which can be considered a stable value. Gold is really an eternal value due to its high corrosion resistance - it never disappears under Earth conditions, and also gold is impossible to be acquired by easy ways. Most other materials (both metal and non-metal) experience either one of these problems, or both, and thus can't be used as a stable value. So it's a great idea to evaluate BTC in gold.

Also, I think that it's time to create the brand new, non-material value scale in order to evaluate economic processes. Since the value of all the things lies within psychology, the new economy scale unit would be not USD, not BTC, not any other currency, but something like "unified psychological unit of feeling happy". It wouldn't have direct relation with money scale: joy of a billionaire is not 1000 times more than joy of a millionaire, it may be even 1000 times less, while world's dominant capitalist propaganda tells us that "the more money - the more happiness, do your best to get money!", implying that there is a direct relation between these two factors (which is actually a false statement). I assume, the real psychological evaluation of "numbers" in a wallet is a kind of complex multifactorial logarithmic-hyperbolic-parabolic-sinusoidal (whatever, but not straightline) function of those "numbers". We need to ditch currency-backed economy approach, since this approach is actually a fiction, a fairytale created by the world's richest people in order to control the behavior of the others.