BTC vs GOLD

[Mime]

I read similar article about JPMorgan says Bitcoin will slowly Eat into Gold's Market share.

I find this very interesting.

[Latviand]

People will once in a while move their cash from one investment platform to another and that is what they have done from gold and other assets to Bitcoin now. It is not something new as everyone want to always safeguard their capital and keep a good profit margin. Soon, the money from Bitcoin will also move out elsewhere either to altcoins or to stocks or even back to gold. It is a circle.

There are bitcoin investors who are buying altcoins when they don't see any profits from bitcoin, they rely on profits from altcoins as they are observing the market. Just like what you've explained, if your asset is not moving then probably you will work for something like a different platform where your money will grow. If you realize and understand it is really a cycle and you are just circulating your assets and make it move in the market. But for me, the best asset is still bitcoin above all, although it is volatile because it can give you much larger profits.

[Coinsfera]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

It is a fact that many young people do not care about gold or silver. Gold is going to lose its significance as people move to more innovative systems and currencies to fight back against inflation. Bitcoin offers some benefits to users. However, Bitcoin is much more volatile and this creates a barrier for mass adoption. Unless mass adoption happens Bitcoin prices will be volatile as it is now. I hope it will happen soon in 5 or 6 years. As the bitcoin gets extinct the price will go up and at some point, it will not be much more volatile. As many institutions accept Bitcoin and hold their investment in form of Bitcoin, it will play a foundation for Bitcoin. As you can see PayPal has the option to buy crypto but it does not have the option to buy gold. Yes, they can buy through PayPal payment but no gold in the platform. So with the help of such big companies, Bitcoin will capture the share of gold in modern markets.

[Crptomagma]

It’s not balanced because bitcoin is a technology and Gold a natural substance. Gold is controlled by the centralized Authority bitcoin is decentralized.

[fauzan123]

I think crypto will not affect the gold market, bitcoin and gold are very different, bitcoin has a very big risk but also benefits a lot of money.  whereas in my opinion gold is only jewelry, so whatever the state of crypto will not affect gold.

We will not be able to eliminate gold as a balanced investment, because from our ancient ancestors gold became one of the trade transactions, possibly because of one of these things gold became one of the attractions as an investment.

But times and technology are also changing, the more natural disasters that often occur, the less conventional gold mining is so investors are starting to switch to digital systems, of course this can be a different thing in terms of the risks that occur but all of that is actually an option. respectively because the level of high ratio is also in balance with the benefits.

[abdulodoi]

If you consider the 2021 prediction about crypto bullrun, it's inevitable the other markets such as gold and the entire stock market will suffer. Investors are selling their gold share to cash out more profits in crypto. Look at the gains people had from defi hype alone few months and that was just tip of an iceburg.

Crypto is here to stay and many corporate companies are partnering with crypto companies to promote real world adoption hence money will bleed off gold into crypto.

[Smartvirus]

I feel there is a clear distinction between the two @Gold and Bitcoin in terms of the fact that, one is tangible and the other isn't that's in terms of it's physical nature but, should you look at it from there functionality aspect and what they represent, they have quite the same function.
Looking at currency, you would note a transition up to the paper money or regular fiat but then, one currency that refused to wear out and still remains valued for several reasons is Gold. It's become an asset with a store of value for the fiat currency and this is the position Bitcoin occupies today in respect to other cryptocurencies in the cryptosphere a midst serving as a currency as well.

Now this explains why, the gold market would be affected ad the stability and reliability of Bitcoin has given the crypto aware persons or crypto enthusiast an alternative to choose between Gold and Bitcoin coupled with the fact that, bitcoin is highly volatile and it's worth still continues to appreciate. But then, Gold isn't going to crash with regards to this fact, it will still serve.

[boyptc]

People who prefer traditional investments such as gold will stay in it. But we see a transition that even the institutions are getting into bitcoin.

Having that said, there's a probability that those investors who prefer traditional assets and investments will also jump into bitcoin someday. And that demand will increase and be favorable to bitcoin. I think we all knew that day will come.

[subin57]

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[Negotiation]

Its exchanges can be tracked for bitcoin investing and it is through investing in many lucrative currencies in the case of gold the demand is much lower even if the price goes up and down there is not much difference in the market. But as the price of bitcoin rises the market improves a lot and the amount of investment in bitcoin increases day by day of gold traders can't do anything they want so bitcoin is in high demand.

[suzanne5223]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?

I believe there's something JP Morgan doesn't understand when he said the Bitcoin market affected Gold cause Cryptocurrency was created as an alternative solution and not influence Gold market. Besides, I even expect cryptocurrency market to impact gold market positively since we have Gold backed crypto projects

[verita1]

As bitcoin becomes more popular and the adoption of bitcoin by institutional investors like the ones we have seen, it is logical that specialists are wondering about the future of gold.

Just as JP Morgan thinks that in the medium or long term the price of gold will suffer due to bitcoin. If investors prefer bitcoin.
These figures called attention to the analysis:
Grayscale Bitcoin Trust.
$ 2 billion - October.
$ 7 billion for exchange-traded funds backed by gold according to JPMorgan.

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

[ChrisPop]

I do expect Bitcoin to have an impact on Gold. I think there will be a change of behavior of investors who are looking to hedge their assets against the stock market and inflation. In my opinion BTC is not just a proof-of-value, but an emergent asset class whose benefits are now being discovered by institutions.

If you're interested I have wrote a piece of content around the BTC v Gold debate. https://cristianpop.net/bitcoin-the-currency-of-a-new-era/

[BALIK]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

I think the potential threat cryptocurrency holds against the Gold is real but I do not see this having a great impact on the gold market price just yet. Cryptocurrency is becoming more and more as the popular option for storing wealth and assets, and that's a direct competitor to storing this in Gold.

However, crypto isn't yet that widely adopted to have such a great impact on Gold but I do expect that with crypto becoming more and more popular among people storing assets in Gold will not longer be the norm with crypto taking the lead.

[bearexin]

Depends on how you’re seeing it, if they said that how sure are they that Bitcoin is taking the market away from gold? The way I am seeing it the gold market is doing really well, and its market even increased in price this year despite everything that happened, the price was going up when oil was going down, and even after covid it’s still doing great, just as Bitcoin is going really great.

So, I don’t think that BTC is taking the investors away from gold, rather it attracted investors, but that doesn’t mean that they stopped investing in gold to invest in BTC, they are still going for gold as well.

[wxa7115]

Gold is used as a store of value by those with "older" mentality: low volatility, usually rising.
Bitcoin is used by those with some more appetite for risk and more tech savvy.

In time Bitcoin will become more stable. In time the older people will... leave room to others, which may at least be more tech savvy.
Now there's a demand for both. In time the balance will probably shift more and more towards Bitcoin.

Over the long term the interest in bitcoin will grow as older generations are replaced by new generations that have more knowledge about the technology, just above there is link about how millennials are more likely to buy bitcoin than gold, at some point those millennials will become older and they will begin to get more money due to getting better jobs, paying off their debts and inheriting the properties of their older family members and they are going to invest that money somewhere and fortunately for us a great deal of that money will come to this market.

So it is just a matter of time before gold begins to lose ground to bitcoin, now gold will still be used as a store of value but bitcoin will slowly take over that place over the next decades.

[ven7net]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

Although I am the owner of cryptocurrencies and believe in their success, I cannot put BTC above gold. The fact is that historically, gold has always been and continues to be one of the best and most reliable assets. BTC is a new asset, which means that it still needs to show its stability, importance and popularity in the world. Based on this, I see no reason to compare BTC and gold, but if I had a choice to invest in which of these assets, then I would distribute my investments between these assets equally.

[Reatim]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

If i decided full investment recently and did not Buy Golds ?surely i am making a Huge Profit this day as Bitcoin finally break the ATH.

But i want assurance , My wife believe in Bitcoin but She also loves Gold so if we have extra funds for sure part of it will go to Gold and Bitcoin or other alt also.

But just hours earlier when i show Her the outcome of my investment in crypto and shocked, deciding from now on we will go ALL IN for crypto and Her gold will be enough to Hold, things that i felt winning over her lol.

[OasisDre]

It's happening already, bitcoin is the stronger digital gold and gold is more stable than bitcoin due to high volatility, still bitcoin brings more profits than gold and it's supply is getting lower through halving process every four years, there are few millions of Bitcoin left to be mined, bitcoin have shown the whole world how stronger it is over gold, it's now more like Volatility vs Stability but I'm sure the audience will choose Volatility cos that's where the real profit lies.

[kingplaya4]

A wise man would buy both. A rich man would expand even further than that, but most of us don't have limitless capital.