Can Crypto be more valuable than gold?

[totoy4741]

I think the popularity of cryptocurrency has also started to increase. I think now more people are familiar with crypto. it is not comparable to gold but some would argue that the potential of the crypto market could be greater than the slow-moving gold market and is more suitable for the long term.

Logically gold is a precious metal that is always suitable for storage for long-term duration because gold does not have fast movements, obviously this is very true, but for the crypto market that can move quickly, we also have to be more careful because the crypto market also can decline rapidly when we don't expect it, this is what everyone should consider because it involves risks that must be borne by everyone.

I totally agree. Cryptocurrency has huge potential and even greater than gold but the thing with crypto is its volatility. Crypto currency can quickly go down its value and may even vanish, unlike gold like what you have said it can be preserved and used it over and over again.

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[Smitty Werben Man Jensen]

Cryptocurrency has its own way, if you compare it to gold, I don't think it is necessary to think about it,
gold and cryptocurrencies are very different, or maybe there are people who think that Bitcoin is gold v.2

[helloinox]

As you have seen, some crypto already has a value higher than gold. But to said it has more value than golds, in general, is a big no. Cause there is a lot of more thing to consider than just a price, golds being widely used around the globe which crypto didn't, being accepted by many countries, has a real use in for the manufacturer,... many more. Those kinds of 'value', you know?

[Anish02]

Gold would not grow as speedily as crypto has been growing nowadays. So logically crypto is much more good as well as reliable options to make investments in it. Practically if we see this then you will understand Crypto has a lot more potential than gold in the future.

[qwertyup23]

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.

Hmm this will depend upon several factors. The value of cryptocurrencies depends upon the people who are willing to buy such coins. Given that cryptocurrencies (bitcoin to be specific) is the so called 'digital gold', if people are willing to purchase it at a given price, then its value will definitely increase in the future. Again, we are comparing a tangible product to an intangible coin in which both have significant value in the market.

Most traditionalist investors prefer gold or stocks as an investment but the new age of investment, which is cryptocurrencies, is gaining its popularity rapidly.

Gold would not grow as speedily as crypto has been growing nowadays. So logically crypto is much more good as well as reliable options to make investments in it. Practically if we see this then you will understand Crypto has a lot more potential than gold in the future.

Investing into cryptocurrencies is still a double-edged sword compared to gold. The risk is relatively higher but the yield is also high. In gold, although it is generally safer as an investment, its price is not that volatile but the returns are average. I would still advise to invest into both if you have the resources so you can maximize the potential income you may receive.

[prehisto]

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?

What do you mean by more valuable?

Your question in the essence is wrong. You cant not measure how valuable is one or other asset by price, you can meausre how the asset perfroms over the year, how stable it is and how much the price has grown. In the near future, btc can give more profit sure but in the long term crypto is under threat cause of variety of reasons.

[Casdinyard]

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?

If the economy in the future would be the same as on the movie Blade Runner 2047 and other eutopic movies, then I guess crypto would be really valuable more than gold. But this argument keeps popping up from time to time and the answer is pretty much the same. Both crypto and gold have their different system, use, and purpose, in which the crypto has more advantage than the gold. If price and stability would be the meaning of being valuable, then gold is far ahead from the crypto.

[Jackl87]

Gold has always been a safe haven for investors in turbulent times. If you look at the gold price in the last month then it's pretty obvious that gold always rises in times of crisis.
The same thing happened in 2008 during the world financial crisis.
I think if you compare the current value of all the gold on the planet to the value of cryptos than gold is still miles ahead at the moment.
That doesn't mean it can't change in the future though.

[qigong13]

No, the supply level is fixed and transparent ain't give cryptos enough edge to be seen as more valuable than gold. Gold has many edges over cryptos like it was a real thing, used a back up for many fiats and banking systems.

[Golftech]

Gold has always been a safe haven for investors in turbulent times. If you look at the gold price in the last month then it's pretty obvious that gold always rises in times of crisis.

Most of investors always find ways to divert their money, it's simply being applied when the crisis rises up most invest their money to gold for much safer keep.

The same thing happened in 2008 during the world financial crisis.

Indeed. It's been this way and it's keep repeating the same situation.

I think if you compare the current value of all the gold on the planet to the value of cryptos than gold is still miles ahead at the moment.
That doesn't mean it can't change in the future though.

We don't have that guarantee in the future but we never really know what bitcoin can bring.

[sarmrakib]

I think crypto is more valuable than Gold .We can easily transaction it ,digital payment system .That's why crypto has grown so fast than Gold .On the other hand many corruption is occurring based on Gold but if the web security system is good enough there is no way to occur any corruption in crypto.

[Barbut]

I think crypto is more valuable than Gold .We can easily transaction it ,digital payment system .That's why crypto has grown so fast than Gold .On the other hand many corruption is occurring based on Gold but if the web security system is good enough there is no way to occur any corruption in crypto.

Crypto is more valuable than gold, I don't have to think about it! Gold is overrated, it's just a precious metal and it's good to wear it around your neck, in your ears, or anywhere on your body, but cryptocurrencies are capable of doing mathematic, to make contracts, smart ones, they can do much more for us and they can help us a lot with our economy.

[Toxic_1988]

It can be more valuable in terms of the system and the integration of it, but in terms of economy, gold surely has much more potential and popularity than crypto because gold is widely accepted while the crypto isn't but in the near future if the crypto becomes accepted and all of the people began to know the potential and the advantage you will get when it comes to crypto it will surely becomes more valuable.

Being universal accepted and used is what every crypto dream to be and this is why gold is more valuable than crypto. Supply level is fixed or Transparent as OP said mean nothing when it isn't able to get the ultimate goal: universal accepted.

[amos77978]

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 is possible for bitcoin to be more valuable than gold.. but not cryptocurrency in general.. I'm yet to see anything special about about any cryptocurrency so far to make it more valuable than gold

[Miaallen]

Cryptocurrency most especially the great bitcoin will surely be more valuable than gold. It was proven in 2017 when bitcoin reached around $20,000. I'm sure it is still going there this year.

[FaucetKING]

Somehow, this question is dumb. You already know that some coins are worth more than gold and you've seen that BTC reached 20k back in time and that surely means that it might be worth more than that so i can come to a conclusion that crypto is way more valuable than gold because of its fixed circulation and its expected growth and adoption. Instead of this question, you should've asked if it's possible to combine the use of crypto and cryptography to regulated the gold reserves maybe oneday.

[sallasvve]

The fact that cryptocurrencies are compared with gold already shows how great the value of gold is. People have been using gold as an accumulation of wealth and calculations for several millennia. Do you really think that cryptocurrencies that have existed for a little more than a decade can at least compare with gold?

[denasha92]

I think crypto is more valuable than Gold .We can easily transaction it ,digital payment system .That's why crypto has grown so fast than Gold .On the other hand many corruption is occurring based on Gold but if the web security system is good enough there is no way to occur any corruption in crypto.

Crypto is more valuable than gold, I don't have to think about it! Gold is overrated, it's just a precious metal and it's good to wear it around your neck, in your ears, or anywhere on your body, but cryptocurrencies are capable of doing mathematic, to make contracts, smart ones, they can do much more for us and they can help us a lot with our economy.

in the near future, the technology era will become more and more modern. people will used virtual money or crypto frequently as their payments. for now maybe gold is good for investment, but i believe people will defected into crypto in the near fututre.

[sallasvve]

The fact that cryptocurrencies are compared with gold already shows how great the value of gold is. People have been using gold as an accumulation of wealth and calculations for several millennia. Do you really think that cryptocurrencies that have existed for a little more than a decade can at least compare with gold?

Rome wasn't built in a day, BTC is known as a digital gold of 21th century. The replacement of Gold wouldn't be possible because of the economic principles, the scarcity is the reason why demand increases every year. The same theory can be applied to 21 mln BTC and it will be challenge to find a new mined BTC later. The only choice will be to buy from someone else who has bought it from cheap price before you.

You can only call bitcoin the gold of the 21st century with a great desire. At the moment, bitcoin and gold can't be compared. Go to any person and ask if they need gold, with a 99% probability they will answer "Yes". Do the same with bitcoin, and in 50% or more cases you will hear the answer "what is it?".

[bittick]

You can only call bitcoin the gold of the 21st century with a great desire. At the moment, bitcoin and gold can't be compared. Go to any person and ask if they need gold, with a 99% probability they will answer "Yes". Do the same with bitcoin, and in 50% or more cases you will hear the answer "what is it?".

Then that means it'll heavily depends on the person we ask whether they are knowledgeable about bitcoin or not. I'm 100% sure people want gold just because it can be sold not because people really need it because in my opinion gold is just a stone and really have no use other than storing value because human kind have come to agree it has value.
even out there some people are exchanging their crypto for gold and other way around means it could be considered that both gold and bitcoin could be compared value wise.