Bitcoin will replace oil and Gold

[Arkann]

The rise of cryptocurrencies in mainstream finance has come at the cost of gold. Since October last year, funds have flooded into Bitcoin funds, and in the long run, as more institutional investors hold cryptocurrencies, this trend will only continue. As digital currency becomes more and more popular as an asset class, if investors transfer a small part of their allocation from gold to cryptocurrency, this trend will give the gold market a long lead in the next few years. To trouble. The adoption of Bitcoin by institutional investors has just begun, and for gold, the adoption of Bitcoin by institutional investors has been very long.

I don't think that the gold prices were impacted by the Bitcoin bull run. The reason why gold prices went down is because of people selling their gold holdings, in order to survive the lockdowns and unemployment which resulted from the COVID 19 pandemic. So there is no relation with the Bitcoin rally. On top of that, the stock markets are at record highs, which discourages mainstream investors from accumulating gold bars and coins.

I completely agree with your opinion that there is no connection between the fall in the price of gold and Bitcoin, but at the same time I doubt that the supply for gold in the market has increased so much, due to the sale of personal savings, that its volume provoked a depreciation. It is possible that there are other factors affecting the gold market that we are not aware of.

[Issa56]

I don't think is possible for bitcoin to replace oil and gold to be honest bitcoin have been doing well for the past few years and I believe bitcoin is still going to do more than like this in the nearest future but I just have the feeling and the believe that bitcoin can replace oil and gold, my first reason is that some people don't still believe in bitcoin.

[Noctis Connor]

So do you not think it's too late to invest in crypto? And if not, what digital currency would you recommend for a newbie investor? Thank you for your help.

For me it is not too late to invest in crypto since there are very big chance that the crypto is the future in this world even if in other countries bitcoin are illegal to use but somehow some of their country men are into mining, If you're going to invest  into crypto then you should try to research into exchange website like binance or if you have a good one then use it and try to research for more information and so on  because everything you wanna learn is in internet nowadays but if you really wanna do something about your money i should say ethereum and dodge coin has the good potential today. Since i already made up some profit from it.

[wheelz1200]

Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.

The btc volatility might go like daily 50k-100k price Changes.

Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.


I said this before but nobody didnt listen but now its here!!

It won't replace oil or gold.  Oil might fade but not because of bitcoin but because of less reliance on it as a commodity.  Gold is another asset class.  Its not about replacing something but complimenting it. Gold and bitcoin don't exactly do the same thing nor act the same.  They can both coexist peacefully.

[pinggoki]

Bitcoin will never replace oil and Gold even a decade or how many years may come. Gold will be gold and oil will be oil, nothing can replace these two. It is like a fiat currency that will not be replaced by bitcoin and it is a matter of fact. Although we all know that bitcoin is way more flexible than gold but at the end of the day gold will be the one that will be the basis of every money, and never bitcoin will be in front of it.

[Sithara007]

I don't think that the gold prices were impacted by the Bitcoin bull run. The reason why gold prices went down is because of people selling their gold holdings, in order to survive the lockdowns and unemployment which resulted from the COVID 19 pandemic. So there is no relation with the Bitcoin rally. On top of that, the stock markets are at record highs, which discourages mainstream investors from accumulating gold bars and coins.

I completely agree with your opinion that there is no connection between the fall in the price of gold and Bitcoin, but at the same time I doubt that the supply for gold in the market has increased so much, due to the sale of personal savings, that its volume provoked a depreciation. It is possible that there are other factors affecting the gold market that we are not aware of.

I didn't said that there is a depreciation in the gold market. With the devaluation of gold, we were expecting a corresponding increase in the gold prices. One of the reasons that has not happened till now may be due to the influx of gold in to the market from small scale individual holders. At this point, we also need to consider the fact that the mine production of gold has been decreasing for some time.

[kiki889988]

Objectively speaking, BTC has not yet undergone any stress test in the financial and economic depression and collapse. We are not sure how it will develop in the future, but fortunately each of us can see whether BTC can replace gold.

[nomenclatur]

bitcoin has achieved all that now investing in bitcoin is faster and easier, it is very profitable for investors who have high patience it will be a big advantage later and it will get stronger because the price of bitcoin every year is always increasing and has a higher value and value. It's surprising that many rich people buy bitcoin to make bitcoin more famous. Of course, it has made bitcoin the main investment target.

[Obito]

So do you not think it's too late to invest in crypto? And if not, what digital currency would you recommend for a newbie investor? Thank you for your help.

There is no too late in investing in cryptocurrency, remember that in around a 2 to 3 year time frame the percentage growth of bitcoin prices in the market is exponential unlike other forms of investments which really takes a long time before you can clearly see the benefits and the profits. Bitcoin is still the most recommended, it is the most famous of all cryptocurrencies/digital currencies in the market which in theory would likely cause its prices to go higher than ever.

[sedov1966]

Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!

Government as a big institution just have to use as many methods to save their funds as possible, it was inevitable for them to inherit bitcoin and blockchain.
However, I don't see how bitcoin will replace both oil and gold

[AngelaT34534]

Since the price of Bitcoin has skyrocketed and historical records have been repeatedly set, some market views have believed that Bitcoin will replace gold and become the new king of safe-haven. In fact, the market has always compared Bitcoin and gold, but the current Bitcoin does not have the attributes of hedging, and has the shortcomings of large price fluctuations, poor liquidity, and small market value. The overall performance is far inferior to the hedging of gold.

[konflikkastil]

I don't believe this on the contrary, I believe btc has come to stay, but the probability o been replaced oil and gold is not what I'm certainly sure of. These two thing oil and gold are natural resources that has been from generation to another generation. 50 years ago nobody ever thinks we can have something called btc. What if another stuff is invented and probably competing with the current crypto of a thing. We need to look beyond the present things now.
Oil and gold has been the major such of generating income for governments of the world for a very long time now, and I do not see them going fully into it anytime soon. Even if some banks and government are secretly buying btc to keep.

[Renampun]

*I'm not very comfortable with the phrase 'Bitcoin will replace gold and oil'...
we all know that oil and gold are old investment assets that have been traded for decades and Bitcoin is only taking the market where gold and oil have dominated. gold will not replace oil, oil will not replace gold. gold, oil, and Bitcoin have the respective markets.

[Freeesta]

This is a very long process.  Perhaps it will start to take root in about two generations.  Everything happens because today the mature part of the population is not ready to accept the fact that bitcoin is more important to people than oil and gold.  In my opinion, in our time, about 70% of the world's population does not recognize bitcoin as a serious value that can really be needed in life.  It seems to many that bitcoin is just a currency that can be bought, and when the price rises, sell

[Jemzx00]

Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.

The btc volatility might go like daily 50k-100k price Changes.

Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.


I said this before but nobody didnt listen but now its here!!

It won't replace oil or gold.  Oil might fade but not because of bitcoin but because of less reliance on it as a commodity.  Gold is another asset class.  Its not about replacing something but complimenting it. Gold and bitcoin don't exactly do the same thing nor act the same.  They can both coexist peacefully.

There won't be any reason for bitcoin to replace an asset such as Gold and a commodity such as Oil. They're prices might differ a lot but it won't affect each other as those three things aren't the same. Oil is a commodity that had various usage throughout the world such as for cars and many more that involves engine and the like which bitcoin doesn't have any connections to. Same goes for gold which has a variety of uses that doesn't involve bitcoin on the process. They coexist but aren't related and doesn't affect each other.

[Respite09]

Bitcoin is highly variable in character.  Not a very permanent one.  Prices fluctuate almost all the time.  So along with the profit, the issue of loss must also be kept in mind.  And from this side it is very risky.
Other hand, gold can be a very sustainable investment option.  For those who want to walk the path of long term and sustainable investment, gold can be one of the places of hope.  During the market downturn, even when the prices of all things go down, the price of gold goes up.  The price of gold does not fall much without the opposite situation.  So gold is a very reliable and trustworthy place to invest.
So Bitcoin will not replace gold. And i believe that its impossible.

[vintages]

Objectively speaking, BTC has not yet undergone any stress test in the financial and economic depression and collapse. We are not sure how it will develop in the future, but fortunately each of us can see whether BTC can replace gold.

It's not compulsory for Bitcoin to pass through certain sort of stress to be categorised among the word best.
It's about it serving it's through purpose. Government sanction along is enough stress for it. Anyway, still yet, Bitcoin, oil or gold can't replace each other, they have their purposes.

[Mahanton]

Objectively speaking, BTC has not yet undergone any stress test in the financial and economic depression and collapse. We are not sure how it will develop in the future, but fortunately each of us can see whether BTC can replace gold.

It's not compulsory for Bitcoin to pass through certain sort of stress to be categorised among the word best.
It's about it serving it's through purpose. Government sanction along is enough stress for it. Anyway, still yet, Bitcoin, oil or gold can't replace each other, they have their purposes.

Was supposed to say the same thing and this had been an argument or discussion ever since about replacing this, replacing that without even trying to check or look
on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.

[AndySt]

Was supposed to say the same thing and this had been an argument or discussion ever since about replacing this, replacing that without even trying to check or look
on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.

All these conversations take place only within the framework of discussions on the topic, and what would happen if something happened and has not even close to any relation to the harsh reality Gold has a multi-thousand-year history of circulation in the financial sphere and it is extremely naive to assume that some other object or concept will replace it in the near future. You can still somehow talk about parallel use, but it is about replacing gold with something that is out of the question.

[bitterguy28]

Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.

The btc volatility might go like daily 50k-100k price Changes.

Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.


I said this before but nobody didnt listen but now its here!!

Unless you can Put Bitcoin inside your car tank , or can make Bitcoin as your wedding ring then this is possible .

But if not , The forget about this stupidity ..

Bitcoin has His own purpose in the world .,same as Oil and also Gold , they will serve the world in different ways so stop hallucinating and Woke up.