Can Crypto be more valuable than gold?

[mezzaluna]

For a Value, we can see that somehow Bitcoin is really valuable and much easier to get since Gold is harder to get and you need to do rigorous work before gaining Gold. We cannot also ignore the fact that Gold is much more famous in the physical world since Bitcoin cannot reach all places without the availability of the Internet. There are also some Cryptocurrencies that is being backed by Gold and we can see that, that is a good sign that we are really advancing in our technologies.

[Mauser]

For a Value, we can see that somehow Bitcoin is really valuable and much easier to get since Gold is harder to get and you need to do rigorous work before gaining Gold. We cannot also ignore the fact that Gold is much more famous in the physical world since Bitcoin cannot reach all places without the availability of the Internet. There are also some Cryptocurrencies that is being backed by Gold and we can see that, that is a good sign that we are really advancing in our technologies.

As technology advances we will see crypto currencies be more valuable than gold. Gold is heavy and needs a lot of security to be stored en mass. Moving large quantities of gold is such a security risk that governments use planes and submarines to move them to different locations. The cost of that compared to the transaction fees of crypto currencies ist just not feasible enough in the long run. Compared to crypto currencies you don't have all these problems, sure you need cyber security and internet access but still it's only a fraction of the cost compared to storing gold. Don't get me wrong commodities and gold in particular are still very valueable and will keep being so in the future. I would recommend holding some precious metals in every portfolio.

[Pecunia non olet]

If Bitcoin reach 300 000USD prices, then its market capitalization will be same as gold. There are some predictions that Bitcoin can even hit 1 million USD price, so if it happens, then yes, it will be more valuable .

[hrunya102]

Cryptocurrency is already more valuable in terms of investment than gold, just not everyone knows about it, but I think that this will gradually change and most people will know about the advantages of cryptocurrencies.

[lobo13hf]

If Bitcoin reach 300 000USD prices, then its market capitalization will be same as gold. There are some predictions that Bitcoin can even hit 1 million USD price, so if it happens, then yes, it will be more valuable .

The big question was when the bitcoin will reach such rate? We know if so many experts or various parties have already sounded their prediction about the price of bitcoin in the future but they have not made mentioned their reason to call such rate as the price that will be achieved by bitcoin. Isn't it too much for bitcoin?

[Thomas-s]

I think that is no need to hope that cryptocurrency will be more valuable than gold. I choose diversification and invest in both gold and different cryptocurrencies.

[Vishnu.Reang]

Cryptocurrency is already more valuable in terms of investment than gold, just not everyone knows about it, but I think that this will gradually change and most people will know about the advantages of cryptocurrencies.

No. It is not more valuable than gold. The total market cap of all the cryptocurrencies in circulation amounts to less than $380 billion. The total market cap of gold mined till now amounts to a massive $11 trillion. Also, gold is being held by billions of individuals. On the other hand, active users of cryptocurrency (i.e those who have holdings worth more than $25) amounts to just a few million.

[aprilnot]

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?

it will happen, crypto will beat gold. maybe when everyone has switched to e-money it will happen. just now the popularity of crypto is comparable to gold and will continue to increase in the future. so it was only a matter of time. when everyone has switched and there is no more use of cash, crypto will become the number one payment and investment tool.

[iTradeChips]

Cryptocurrencies like Bitcoin and Ethereum and all the others has some specific qualities that gold or even fiat money does not have. Basically two qualities that cannot be done on fiat money and other precious metals. 1. It is Universal - it means that it is not created by any government; and 2. Cryptocurrencies cannot be frozen, reversed, or seized which is censorship resistat. We cannot spend our US Dollars in others countries and I cannot spend Chinese Yuan in other countries as well. Cryptocurrencies can be used all over the world. Money created by governments, like all fiat money can be confiscated, destroyed and seized at will but cryptocurrency payments cannot be stopped by the anyone.

Source: https://medium.com/coinmonks/why-bitcoin-is-better-than-gold-3933e79658ce

[jrrsparkles]

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?

Not only the availability is giing the value to it, and also the usability of gold made it so expensive but with cryptos it is yet to be used as currency and for now it has been used as speculative asset not as storage of value asset like gold.

[judeafante]

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?

It's already surpassed its value, Crypto is more valuable now than gold if I will choose a gift I will prefer Crypto to Gold because the value is increasing and there are usage it's not only a store of value but a means of payment as well Crypto is considered the internet version of gold.

[Squezzi55]

Bitcoin is the only crypto that's capable to be on flat level with gold and crypto is now recognized as Money 2.0 and that's a very impressive something, I won't expect Bitcoin to beat gold but nothing is impossible, if this do happen it will only be temporary, gold is a bad ass too

[Crypto_lion]

I am not sure of that at this point of time. Gold is seen as a major hedge for ages of history and crypto is relatively new. We have to go a long way for that to happen . Definitely not in next 20 years.

[iv4n]

For me crypto is more valuable than gold, and I have crypto, I don't have any gold, matter of fact I never really liked gold! In terms of value how much gold you can buy for 1 btc, or look it from other side how much gold do you need to buy 1 bitcoin?! Now try to search for the same parable from two years ago, than 5 years ago... when you finish with that you will see that how time passes you will need more gold for 1 btc, or from other side you will be able to buy more gold with 1 btc.

[ije07]

Gold and crypto have differences from each other, such as investing in gold, you don't have to worry about losing money because the selling price of gold increases every year. different from BTC is a digital coin, yes, even though the price of BTC is expensive, it does not guarantee a fixed value. The crypto market is always changing all the time, we don't even know whether BTC will continue to go up or down.

[wiggi]

As technology advances we will see crypto currencies be more valuable than gold. Gold is heavy and needs a lot of security to be stored en mass. Moving large quantities of gold is such a security risk that governments use planes and submarines to move them to different locations. The cost of that compared to the transaction fees of crypto currencies ist just not feasible enough in the long run. Compared to crypto currencies you don't have all these problems, sure you need cyber security and internet access but still it's only a fraction of the cost compared to storing gold. Don't get me wrong commodities and gold in particular are still very valueable and will keep being so in the future. I would recommend holding some precious metals in every portfolio.

And as technology advances, crypto is getting more advanced too, scaleable and such. While gold stays the same, but gold mining technology improves and the million(s) of metric tonnes that are uneconomic to extract now may become cheaper to get in the future.

Not many large holders of crypto will spontaneously decide to buy gold instead. but the other way around it seems possible. With every year, crypto is less new and less unproven. In 20 years, gold is a relic, this time for real.

[princecharles]

Cryptocurrency could become more valuable than gold in the near future, but as it stands today, the value of one bitcoin is higher than the value than one bar of gold. Gold is valued not just for its price, but for its intrinsic worth as it could serve as a necessity for the manufacturing of several ostensibly items. Bitcoin on the other hand is highly volatile and may not attract the attention of institutional investors who are very careful and cautious of items that make up their portfolio, owing to the fact that the funds are for their clients who are not willing to hear stories, if something goes wrong.

[maiden]

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?

Both are alternative assets, but gold has traditionally been used as a more secure bet than volatile investments like real estate. btc rise in value is encouraging for crypto advocates who have been hoping it could supplant the gold standard of safer investing. if you look at that and compare it to the price of 1btc, a bitcoin has a higher value. However, this is an arbitrary comparison. something doesn't need to be tangible to have value. It is a digital store of value and exists just like gold does, except not physically for you to touch. The forces of supply and demand still take effect to give it value just like with gold.

[erikoy]

Yes, it does already more valuable than gold. Seeing the market price increase of bitcoin from the day it was created to gold which price to compare should be the day that bitcoin too was created had a huge difference. Bitcoin has been doing a lot of increase than gold.

In my opinion Gold too is valuable but for now we can't deny the fact that bitcoin is really good compare to gold. Many gold investors now also transfer in investing bitcoin and other cryptocurrency the same as with the stock market investors that are now investing in cryptocurrency.

[chikator]

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?

The thing about crypto is it changes its value very drastically. Whether its for the better or the worse for you. Some days its value is really high then there are days when you least expect it, it comes plummeting down. I wont compare it with gold since i dont see gold plummeting to whichever direction in an abrupt way but if you have the right coin at the right time and you made profit, you win.