Xapo guy said in the conference that Bitcoin would replace gold as the standard, but that it would not replace national fiat currencies. Pretty wild but it was well reasoned. We'll see.
The Xapo guy is mad. Bitcoin cannot replace gold. Gold has industrial uses and cultural demand. Costs of mining and refining gold is high. Gold has a high base value. I want to hear his reasons.
I don't think it can 'replace' gold but it's obviously better than gold as a currency. Gold will always have a use as it's a metal and a precious one at that.
