Deutsche Bank: Investors Increasingly Choose Bitcoin Over Gold

[sheenshane]

The Deutsche Bank report isn't new to every Bitcoins investor, though it boosts people's awareness of Bitcoins and it contributes only to possible mass adoption.  However, golds and silvers are still the same as Bitcoins for both can still be considered as a safe haven for an asset the only thing that made Bitcoin's differ from the others is that bitcoin is a decentralized currency and because it has a limitation on the numbers of coins that can be mined that gives better value compared to the traditional one like gold where resources are abundant.

Radicalism makes people think that Bitcoin can surpass the quality of gold when it comes to value and as an asset due to its resources and abundance.

[MFahad]

The Deutsche Bank report isn't new to every Bitcoins investor, though it boosts people's awareness of Bitcoins and it contributes only to possible mass adoption.  However, golds and silvers are still the same as Bitcoins for both can still be considered as a safe haven for an asset the only thing that made Bitcoin's differ from the others is that bitcoin is a decentralized currency and because it has a limitation on the numbers of coins that can be mined that gives better value compared to the traditional one like gold where resources are abundant.

Radicalism makes people think that Bitcoin can surpass the quality of gold when it comes to value and as an asset due to its resources and abundance.

Bitcoin can surpass the gold but this does not mean that gold is not a valuable asset. If anyone is a millionaire and want to invest , he can divide his portfolio in both bitcoin and gold as both of them are safe heaven for store of value.

[pixie85]

Gold doesn't work anymore for most people because it can't be exchanged fast.

You can't go to an ATM and exchange it for money or meet up a trader through facebook or localbotcoins and get cash.
Gold contracts have to go through a bank or paypal and physical gold is hard to sell and you have to make sure you're not buying fake.

Bitcoin is much better. Its only downside used to be volatility but as it matures it becomes less volatile.

[verita1]

"In the long term, central bank digital currencies will replace cash."

This is a reality that is so latent that it will occur at any time around the world. Bitcoin is allowing to give this great boost of digital technology. I agree with Deutsche Bank sooner rather than later, Banks will have to adopt Bitcoin because users are already accepting it and only they will be missing.

[Silberman]

Looks like bankers finally understand that bitcoin is a nice purchase in the 21 century

It is not the bank itself that is demanding this but their investors, if it it was up to the bankers they will never allow their investors to deal with bitcoin because they know that sooner or later they are going to lose them, but they have no option, investors want the ability of using bitcoin and their work as a bank is to give them what they want or they will leave for another bank that is willing to do it, so this is the beginning of a very interesting dynamic in which bitcoin will begin to erode banks from the inside.