Can Crypto be more valuable than gold?

[Gayong88]

For now, the volatility of BTC is being tested plus negative market sentiment. However, I am very sure that when BTC resistance breaks, it will have a positive impact and value and there will be a lot of media posting news related to the above. when this happens then it is clear the comparison of the value of both Crypto and Gold.

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[taufik0911]

I think bitcoin is now more valuable than gold, even though it's still not a safe haven
why do I think bitcoin is more valuable than gold because bitcoin does have a much higher value than gold and also has many users who continue to make transactions every second
besides that bitcoin has advantages over gold, that is, anyone can transact using bitcoin easily

[Jack_Sin]

I think crypto is superior to gold because crypto apart from being an exchange rate can also be for investment but gold is not more than an investment value, the crypto world is wider covering many fields and we will see crypto grow bigger than gold in any case.

[Sithara007]

I think crypto is superior to gold because crypto apart from being an exchange rate can also be for investment but gold is not more than an investment value, the crypto world is wider covering many fields and we will see crypto grow bigger than gold in any case.

When we are considering the investment aspect, it is useless to divert the topic to other subjects. Yes.. some of the cryptocurrencies can be used for purposes other than payments. For example, Ethereum was the first smart contract platform. Chainlink goes one step further and claims to make smart contracts further smart (by bringing external data in to smart contracts). Uniswap acts as a liquidity pool. Stellar Lumens on the other hand, connects different and disconnected modes of payment. All this is true. But when comparing with gold, the only thing that matters is the potential return, acceptability and safety of the investment.

[Jack_Sin]

on the other hand, gold has an infinite supply, so it is possible that the price of crypto, especially bitcoin, will have a greater price increase than gold, especially if the government legalizes it so that more people adopt it, of course it will be more profitable to invest in crypto

Crypto got a positive response from the government because some countries have legalized btc and we just need to wait for some other countries to follow this step in the future, the increase in crypto has previously influenced some gold investors to switch to crypto assets.

[ROSERTY]

In the future, Bitcoin in cryptocurrency will be more valuable than gold. Bitcoin is limited in number and scarce, and when people's demand for it increases, its value will rise. People recognize the benefits brought by Bitcoin, and many new users have begun to invest in Bitcoin now. People's acceptance and recognition of it has increased the circulation of Bitcoin, and the room for Bitcoin's appreciation in the future will continue to rise.

[Wong Gendheng]

In the future, Bitcoin in cryptocurrency will be more valuable than gold. Bitcoin is limited in number and scarce, and when people's demand for it increases, its value will rise. People recognize the benefits brought by Bitcoin, and many new users have begun to invest in Bitcoin now. People's acceptance and recognition of it has increased the circulation of Bitcoin, and the room for Bitcoin's appreciation in the future will continue to rise.

Agree that bitcoin is more valuable than gold, I believe if bitcoin lasts for at least 10 more years then the value of 1 btc costs at least $500k, and with the limited amount of stock it makes the price of bitcoin continue to skyrocket compared to gold which the amount can increase.

[bitcon]

I think yes. Of course, it is not clear for people at the age of 50 and older, many of them consider cryptocurrencies to be Ponzi schemes, on the other hand, gold has been valuable since ancient times.

But I believe that with development of technologies, we will increasingly break away from physical values. This way crypto will become more valuable than any assets that have something physical under them.

[smartaction]

I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?

Gold is a commodity that can be seen and touched and its price is set by the government of a country But crypto is Decentralised and Blockchain based .There is no one to control the price. So of course the price of crypto changes more than gold.

[cricketkhampion]

yes, it is because you can see the value of BTC is$(31k)  I think crypto is more valuable than gold. The value of a single BTC is more than gold

[llecrf]

i think gold is not relevant in 2021. We need to invest in blockchain and new technologies

Gold and blockchain can mutually benefit, we have seen several stable coins that support gold from several previous projects, gold has been trusted by many countries and its existence is very rare, almost the same as Bitcoin, but Bitcoin is better than gold because Bitcoin has modern technology such as blockchain and if it is not mined then Bitcoin will not exist. so I think both are good and mutually beneficial

[Vishnu.Reang]

One way to look at this is that there are already many assets that are having a market cap larger than that of gold. Stock market and real estate are examples. Even bond market comes under this category. Even the M1 monetary supply of the US Dollar is expected to edge past the gold market cap ($12 trillion) in the next few years. So theoretically at least, it won't be impossible for BTC to surpass the gold valuation. And more so, given the gloomy predictions regarding inflation rates for the next 4-5 years.

[Baihaki Khaizan]

I think it is very difficult to draw conclusions when comparing the price of gold and bitcoin, because both are the best commodities but in different spaces, regarding the possibility that the price of bitcoin will exceed the price of gold, it can happen in a limited time but not for the long term, the reason is that bitcoin is very dependent  with technology that someday may also become extinct or other worst possibilities occur.

[travwill]

It's hard to say for sure.
Overall, yes, it is possible. Everything will depend on the world in which we will live in the future.
The more digitized it is, the more meaningful digital products will be.
Gold is still a precious metal, it is useful, you can touch it, there is a physical reference. But that doesn't mean too much for the digital world.

[mulia sabee]

Bitcoin is already more valuable and stronger than gold, it's one of the reasons why bitcoin is slowly growing higher recently, it shows that the world have finally understanding what Bitcoin is capable of, the pandemic period have shown that Bitcoin isn't a joke and its more capable than even world stock market, the sky is the limit for Bitcoin from now on

[Waleedzain323]

No, Its too simple because We are progressive in technology but a physical trade means be always physical. Crypto is next generation of economy but we can't forget about it that crypto can be devalued in a sec but on other hand we cant remove physical assets like gold which more safe and stable in its Capital. For example if we have to go through any crisis in which we cant survive with technology then there is no digital word existence.

So Simple mean is may be for sometime Crypto(about impossible) can cross over the Gold capital but it can't survive for long.

[Waleedzain323]

Obviously Crypto will be more valuable than gold in near future because it's already gained a huge popularity and price if we campare with it's beginning price.

Hope you caught my point.

No Bro its not possible, try to get a point that crypto is tech based if something happens where tech removed then what to do. Here is the Gold a true face value which is not possible in Crypto even after a high advancement and crypto is fluctuating nature assets, where gold is pure in stability with its physical worth and demand.

[herurist]

on the other hand, gold has an infinite supply, so it is possible that the price of crypto, especially bitcoin, will have a greater price increase than gold, especially if the government legalizes it so that more people adopt it, of course it will be more profitable to invest in crypto

unlimited gold supply? briefly I think I should correct this because the supply of gold is limited and with time the supply of gold will run out. for example like PT Freeport in Papua, Indonesia. Clayton Allen Wenas as president director of PT Freeport said that until the company's total ore reserves reach 1.8 billion tons, and assuming ore production is around 150 thousand tons per day, the company's gold mining activities are estimated to last up to 32 years. forward or until 2051.
and from this alone we already know that the supply of gold is limited, but even though the supply of gold is limited it has a special property that it can be re-melted so they can re-melt the existing gold so that's why gold will not run out.

[kenelmark]

I agree with your opinion. very wise in explaining the difference between gold and digital currency. The point is that gold can be used anywhere and anytime, but digital currency can only be used in certain places

Digital currency does not have tangible properties like Gold so its use is limited to the internet, while Gold can be used in other forms such as buying land for example, and can also be made for jewelry on the things we like.

[Sollaes]

I have thought that one key advantage crypto (bitcoin, litecoin, Dash, monero etc.) has over gold is that its supply level is fixed and transparent, but can this or features make crypto more valuable than gold?

Actually, Gold is also limited, otherwise it will not become more expensive within time. Nevertheless, it is quite possible for crypto to become more valuable than gold. It is confirmed by the economic steps of China. They started using Bitcoin as a reserve currency instead of gold last year. Since that, Gold has started decreasing and Bitcoin, vice versa, increasing.