What needs to happen in order for bitcoin to replace gold

[lixer]

We can only say that bitcoin will never replace gold, but bitcoin can still function as gold in the near future and if you look at the nature of gold too right now, don’t forget that holding gold as an asset is not only in the form of physical asset alone, but now you have digital gold which you see many people even holding more of digital gold right now than the physical one, and even though bitcoin has not physical appearance, but its digital appearance overtime is more than enough to actually make it grow in future and become more popular than the digital gold which definitely will be able to stand as store of value, but that would still not make the normal gold that we know not to be gold. It will still be very much relevance, just the way fiat also would, but we will still have bitcoin more popular than them.

[NeironixNV]

It seems to me that you have formed a not entirely correct question, gold is precious metal, and bitcoin is a digital currency and only because of this, bitcoin will not be able to replace gold, because at least from Bitcoin you can’t make a bracelet, watch, jewelry, but from gold to make a Bitcoin coin is completely real, with a couar code on it or a private key to this Bitcoin.

[Bim abk]

It seems to me that you have formed a not entirely correct question, gold is precious metal, and bitcoin is a digital currency and only because of this, bitcoin will not be able to replace gold, because at least from Bitcoin you can’t make a bracelet, watch, jewelry, but from gold to make a Bitcoin coin is completely real, with a couar code on it or a private key to this Bitcoin.

both have their own investment channels, bitcoin has a network in the crypto world and until now it can still be used for payments and the price is not stable suitable for short-term investments. while gold is a precious metal that is more widely used for long-term investment. both have their respective advantages in place

[Memminger]

It seems to me that you have formed a not entirely correct question, gold is precious metal, and bitcoin is a digital currency and only because of this, bitcoin will not be able to replace gold, because at least from Bitcoin you can’t make a bracelet, watch, jewelry, but from gold to make a Bitcoin coin is completely real, with a couar code on it or a private key to this Bitcoin.

both have their own investment channels, bitcoin has a network in the crypto world and until now it can still be used for payments and the price is not stable suitable for short-term investments. while gold is a precious metal that is more widely used for long-term investment. both have their respective advantages in place

And also I think that it is premature to say and quiet bold to consider that Bitcoin would replace gold in due time since if it would happen the that would far in the future. Gold had been traded for a very long time now ranging its uses from electronics but especially more in luxury jewelries as it increases its prices. This question is a matter of how much the Bitcoin would be adapted and at what rate would it be adopted to determine how long it would surpass the price of gold who has a massive market volume and is trusted more by the investors and the public.

[South Park]

to "replace" something you have to be in the same category as that thing. bitcoin is a currency while gold is not. so it can never replace something that is not even similar to!
not to mention that the purpose of bitcoin has never been to replace anything in the world. it was always to offer the alternative decentralized payment system that nobody could control or shut down ever.

Just because gold has not been used as money for some time it does not mean that it is not, precious metals were the main form of money for thousands of years and if fiat begins to weaken then gold can make a comeback, however that will require a change in the way people think, we are too used to the convenience of electronic money and transactions, if people cannot get over this then bitcoin could begin to get stronger as people will prefer it over gold.

[kaya11]

Well nothing is impossible, maybe if a mountain of gold is discovered in some areas and you don't need to mine deeper just to get one. But what is the reason that gold needs to be replaced anyway? It should have been fiat money not gold, unless we go back to old ages that uses gold as a currency.