can bitcoin in the future surpass gold?

[panjul07]

I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.

It will not only surpass, but it can replace gold as security for fiat money. And the next step will be replacing of fiat money.

I still believe that bitcoin will not replace fiat money till the end of the world as it is created not for that purpose. Fiat money is a regulated payment system by government, there is also a requirement for fiat money to have stable value. What do you think if bitcoin will have stable value once it is replacing fiat money as you said?

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I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.

Bitcoin is too unpredictable. We need something stable to be cryptoGold.

[chits]

the society will not be able to completely refuse either paper money or gold, but I think the success of Bitcoin cannot be avoided, the dumping of the influence of banks has matured in society, of course it will take a lot of time.

[@prashant]

surpass in what sense and in what quantity u are referring to.bitcoin is considered virtual gold and i think bitcoin and gold should not be compared as there is no parameter but if you are talking in contrast with people adoption to investing money in btc then it is very difficult bcz in other to btc surpass gold, majority of population should have proper understanding of btc which will be difficult and gold is not just asset(in term of money) but also ornament utility.

[Inosend]

This is a very stubborn question I must say Buh I think it will take bitcoin something really big to level up with gold

[airdagon]

I think that is very possible because bitcoin is a digital currency that has a total supply of only 21 million, and it will not be more than that, whereas we know that something is limited and many people want it, of course the price will be higher, and I think this is just just waiting for time.

[Vaskiy]

Bitcoin will surely surpass gold at the earliest, already bitcoin has overcome the value of several other value backed assets when the market marched towards $20000. This will take time, but it is achievable, gold being stable and has a big history to reach such a level. Bitcoin is very young compared to gold, so it requires little time to achieve the same.

[glowing10]

I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.

This is quite possible if few more countries make it legal then more and more people will join the crypto currency and thus with the high demand we will have more market for crypto and will be used in daily needs too. This way it can act as an investment and also payment on daily things can be done through it.

[dunfida]

I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.

This is quite possible if few more countries make it legal then more and more people will join the crypto currency and thus with the high demand we will have more market for crypto and will be used in daily needs too. This way it can act as an investment and also payment on daily things can be done through it.

Adoption thing is possible but removing gold into its position is really impossible and i dont know why people do really compared gold to bitcoin yet they are
really different. An online payment system to a mineral which doesnt fit out to be compared. Value might differ due to volatility but its normal to think since we know why bitcoin is being
created.

[faceoff97]

I heard a news that the inflation rate of Bitcoin will beat the inflation rate of Gold in 2020. This only mean that Bitcoin has really great potential in the future. This could took place on May or June of next year which they call as Bitcoin halving. Bitcoin has really bright future, I will take this opportunity  to accumulate greater voulme of coin then store it in a secure wallet like Electrum or Hodler.

[Visbay]

I think that is very possible because bitcoin is a digital currency that has a total supply of only 21 million, and it will not be more than that, whereas we know that something is limited and many people want it, of course the price will be higher, and I think this is just just waiting for time.

Having unlimited supply of bitcoin makes it get bigger in price that’s it is the reason why almost everyone is just buying bitcoin, it is surely reducing the value of gold because gold is now an old fashioned investment and bitcoin is well developed investment it is the only reason why most of time people are happy to invest in bitcoin as it has online wallets but gold has physical presence which is not safe to hold.

[qwertyup23]

I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.

It will not only surpass, but it can replace gold as security for fiat money. And the next step will be replacing of fiat money.

I still believe that bitcoin will not replace fiat money till the end of the world as it is created not for that purpose. Fiat money is a regulated payment system by government, there is also a requirement for fiat money to have stable value. What do you think if bitcoin will have stable value once it is replacing fiat money as you said?

Bitcoin will not replace fiat in the near future due to a variety of reasons: First, given the economic discrepancy between developed and underdeveloped countries, many individuals who stay in the latter do not have access to electricity, which is the foundation and platform used by bitcoin. Second, given the scarce amount of bitcoin, whales who own most bitcoins can potentially manipulate the prices, thus making the poor poorer and the rich richer. Third, bitcoin is a volatile, decentralized currency. Having to price mediums under bitcoin would result to an unbalance market.

The difference between bitcoin and gold mostly stem from their nature- bitcoin being intangible and gold being tangible. Gold also has an innate value due to being a precious metal. Although both are scarce, gold cannot surpass bitcoin at the time being.

[cambda]

It is babies and I trust that anything is conceivable in the realm of digital currency. With only a little network it can accomplish this much. With all the administration battles fun from the media and distinctive assaults from programmers it is as yet keeping a billion market esteem. In all actuality this innovation is a dormant beast and even in rest it is being assaulted and it withstands it.

[Forbiddenone]

i don't think it will replace gold ,physical asset will remain in dominant no matter how much digital or advance the world become but yes we can see shift in investing for general people as they will hold digital gold(btc) in their wallet and selling or buying will be fast and secured.At the end of 2017 there were news of bitcoin surpassing gold in value but it was in manipulated year but in coming years we will see natural growth of bitcoin as compared to gold in price.

[omonuyak]

I don't really think that gold is better than bitcoin as I see bitcoin better than gold in so many ways.  However,  gold has been treated as one of the valuable asset for long-term and that means it will take longer time for bitcoin to be better than gold.

[rachellee]

Yes, I think, in value, demand and use case, bitcoin can surpass gold. We now live in a digital world where technology is innovating everyday. People do not stop improving the value of life which is too fast-paced, and soon, we will leave the physical exchange of merchandise and will turn to crypto alone. Physical gold will just be a reserve or a physical measurement of a country's wealth, but not that useful and in-demand anymore unlike bitcoin and other crypto.

[FIFA worldcup]

I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.

It will not only surpass, but it can replace gold as security for fiat money. And the next step will be replacing of fiat money.

Bitcoin or crypto is not backed by any Gold. Fiat currency is however backed by the gold. So there is no comparison between gold and Bitcoin. As far as adaption is concerned, bitcoin will be used as a currency so it will be more widely used. Gold will remain only as an investment.

[bitzizzix]

Bitcoin and gold can only compete with prices but will not be able to beat gold, and gold throughout the world knows that gold is a precious metal that has been around since precious ancient times.
Bitcoin is only able to compete but it won't beat gold and only a few people can use it in this world and must be supported by technological tools, and the price can change suddenly.
so bitcoin is only able to compete with the price of gold but won't beat it.

[imstillthebest]

bitcoin is only able to compete with the price of gold but won't beat it.

Only price ?  What about usage , interest , and others  ?  Many characteristics and traits are pretty simillar to each other   . 

But i agree on what you have said .  bitcoin is only capable of competing other assets and payment methods but its nearly impossible for bitcoin to bypass or surpass them because bitcoin itself is not perfect for now  .

bitcoin still needs alot of improvements and adjustments until it becomes a supercoin that will work on both full online and offline environments .

[Al-e_x]

the possibility of bitcoin going through the price of gold can occur because the condition of the total supply of bitcoin is limited and can be seen in the circulation of bitcoin so I am very confident that the price of bitcoin will pass the gold price and I see a lot of investors looking at bitcoin rather than gold.