As long as gold exists, now so will Bitcoin

[MoonHodler]

hedging against gold uses stocks/dollars, but bitcoin could be similar to gold than stocks.

[trickyriky]

I don't think gold and Bitcoin are same. Bitcoin slightly different goal than gold. To me, the main purpose of gold is to store it for future purpose but for Bitcoin there comes a term like investing or mining etc. So to me gold and Bitcoin are two different things. But for future betterment I would definitely prefer Bitcoin rather than gold.

I my opinion gold will live forever, but Bitcoin might be replaced by something other interesting and profitable. It is a virtual stuff, and you cannot compare gold and BTC.

[adiksau0414]

Gold is an asset that will continuously rise its value due to its Scarcity. Gold will always present because this is one of the tangible asset most of the people want to have. Bitcoin, on the other hand is known to its popularity but we can never tell the future of it, whether it will stay for a longer time or not. There are many cryptocurrencies now out there that booming and the possibilty that thwy might surpass the value of bitcoins. Bitcoins value today is declining and this event is making its popularity decline also.

[Asuspawer09]

As long as Bitcoin can be shown to be a hedge against gold, there will always be people who buy it.

People buy gold to hedge against equities and bonds. Gold owners have obviously started buying Bitcoin too to hedge against gold, for what it's worth. Just have a look at the graphs showing the outflow from gold into bitcoin during the media frenzy in December.

The sort of people who buy gold for investment purposes are the ones who will also buy bitcoin simply to balance their portfolio just a little bit more. They don't get emotional about it and will simply split their portfolio like this, for example:

60% equities
30% bonds
6% gold
3% cryptocurrency

I don't think the value of bitcoin would go along with the value of gold. They are different and will always be. We all know that gold was known before bitcoin, wherein a large interval of years. But then, it is seen how these two are being compared all the time. That is why I do not think that if one would fall or even rise then the other would do so.

[Dexion]

gold and bitcoin are very luxury and valuable goods. gold has a luxurious charisma for its users and bitcoin has a very high value. so it can make rich quickly.

but today I see bitcoin is more valuable than gold, because 1 bitcoin can buy a lot of gold, and 1 gram of gold can not buy 1 bitcoin.

[gabmen]

I don't think gold and Bitcoin are same. Bitcoin slightly different goal than gold. To me, the main purpose of gold is to store it for future purpose but for Bitcoin there comes a term like investing or mining etc. So to me gold and Bitcoin are two different things. But for future betterment I would definitely prefer Bitcoin rather than gold.

I my opinion gold will live forever, but Bitcoin might be replaced by something other interesting and profitable. It is a virtual stuff, and you cannot compare gold and BTC.

Well more like gold and crypto in general if you want to compare even though i don't think these have solid connection with each other. Its only for investment that these two are similar and bitcoin or gold can exist without the other.

[samcrypto]

gold and bitcoin are very luxury and valuable goods. gold has a luxurious charisma for its users and bitcoin has a very high value. so it can make rich quickly.

but today I see bitcoin is more valuable than gold, because 1 bitcoin can buy a lot of gold, and 1 gram of gold can not buy 1 bitcoin.

Bitcoin will exist as long as people keep on using this great technology same as gold, as long as people mined for it gold will exist. This is about how the demand works, though the supply matter I still believe forever will exist on this.

[raniadaling]

Gold is among those primitive currencies and particularly stable at that. But, I always believe that comparing bitcoin with gold, is like the usual example of  non-comparable apples and oranges. Yes they may have similarities in terms prices and other stuffs, but the two are totally on a different paradigm.

[Thecryptocurrency09]

As long as Bitcoin can be shown to be a hedge against gold, there will always be people who buy it.

People buy gold to hedge against equities and bonds. Gold owners have obviously started buying Bitcoin too to hedge against gold, for what it's worth. Just have a look at the graphs showing the outflow from gold into bitcoin during the media frenzy in December.

The sort of people who buy gold for investment purposes are the ones who will also buy bitcoin simply to balance their portfolio just a little bit more. They don't get emotional about it and will simply split their portfolio like this, for example:

60% equities
30% bonds
6% gold
3% cryptocurrency

Bitcoin and gold are both use for transactions; barters, or any means of exchange of goods. But this fact doesn't mean they always go together. Bitcoin and gold have different values. And the sense that if bitcoin would fall then so gold, vice versa. They stand with same agenda but not perspective and function which made them work individually.

[tegarp90]

i don't find any correlation between bitcoin and gold, gold already exist thousand years ago and don't have many similiarities with bitcoin.
Bitcoin is currency just like dollar

[btcrich2020]

Gold is natural resource whereas Bitcoin is Digital resource so if we compare gold with Bitcoin. in future bitcoin have lot of future value appreciation and trust whereas gold is governed by govt

[Amelial]

It will be. Now many people in the world invest and know btc