Bitcoin will eat Gold’s market share, according to JPMorgan

[irixo10]

To the best of my knowledge, I think Gold is the only major asset which can challenge Bitcoin but nowadays the table has turned and Bitcoin is now challenging Gold to the extent of taking a chunk of its market share, this is a confirmation that more people are now seeing Bitcoin as a store of value despite its volatility. In addition, all these are happening this year which is as a result of the different Institutional investors and players massively going for Bitcoin because it is evident the future revolves around it. Furthermore, I believe with more adoption from all round, Bitcoin will continue soaring high while becoming more valuable as well and thus keeping gold in check.

[traderethereum]

I don't know how bitcoin will eat gold, but I hope that gold and bitcoin can work side by side and not interfere with each market because gold and bitcoin had a different market.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.

[davis196]

“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.”
Looking beyond JPMorgan’s analysis, there is clear evidence that institutional uptake of Bitcoin is rising. Grayscale, a digital-asset manager, has recorded record inflows into its Bitcoin and #Ethereum (ETH) trusts. Grayscale, Paypal and Cash App are buying up more BTC than is being mined each day.

Data aggregator CoinShares has also reported on the recent surge in crypto capital inflows. Over just four weeks, Bitcoin products sucked in $1.4 billion. Gold, meanwhile, recorded record outflows of $9.2 billion.

Bitcoin has high volatility which gold lacks and the mobility and convince makes it more durable and secured than gold. If the growth and adoption by different institutions continues thriving, gold wouldn't catch up with the pace at which Bitcoin is going.

I can't agree with that.Bitcoin would need several years of continuing adoption by the institutional investors,in order to beat gold levels.
Bitcoin products "sucked in" 1.4 billion USD,which is a positive sign,however 1.4 billion USD is a ridiculously small amount for the financial markets,where billions and trillions of dollars are moved every day.
No analyst in the world would base his conclusions on such small amounts.
I'm wondering why JPMorgan is still so bullish about Bitcoin?Are they secretly buying Bitcoins?
Graysacle,Paypal and Cash App aren't enough for a mass Bitcoin adoption.We need the big banks to step in,if we want Bitcoin to hit the moon.

[Darker45]

I don't know how bitcoin will eat gold, but I hope that gold and bitcoin can work side by side and not interfere with each market because gold and bitcoin had a different market.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.

Gold is still a safe haven. I'd say safer than Bitcoin. So if one is looking for a safe haven, I believe one should go for gold rather than Bitcoin.

But in terms of competition between the two, it cannot be avoided. It is impossible that both markets won't collide in one way or another. For example, you've mentioned about profit. Which would provide you a quicker and bigger profit? Is it gold or Bitcoin? Your answer would then determine where your money goes. That's one instance of competition.

Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.

[CryptoMobster]

I think since the COVID-19 crash of the market the recovery of Bitcoin has made people stand up. Obviously, centuries of history with Gold but surely a good bet is seeing that market cap gap shrink.

For me, Bitcoin will always be a sound investment but I see it slowly becoming that for other people, like what gold is today.

[veznata]

2021-2022 period will see much much greater profit from BTC holding than gold with 99% certainty. bitcoin is a very good investment and as institutions enter market and it becomes widely accepted as times goes then I am sure than some day (probably only after some years) one will not need to worry how to sell BTC but it will be enough to buy directly goods and services with btc (probably with a small portion of BTC as it hopefully reaches 6-digit amount). I believe early adopters who have thousand of BTCs will sell  (if already not) once the price reaches higher amount and only serious players and institutions will hold great amounts of BTCs as it applies for all serious assets.

[Betwrong]

~
Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.

Exactly. Most people still don't understand how can Bitcoin be of any value, while gold is valuable for thousands years. It's not that hard to check whether you were given real gold, but with Bitcoin it is much more complected. No wonder people still are hesitant to believe that those numbers on their computer/phone/wallet screens can be somehow better, store-of-value wise, than pure gold.

[bekti3]

Bitcoin has high volatility which gold lacks and the mobility and convince makes it more durable and secured than gold. If the growth and adoption by different institutions continues thriving, gold wouldn't catch up with the pace at which Bitcoin is going.

indeed, this is the difference that stands out between gold and bitcoin. We saw how gold could not be fully owned by our control, the government would watch over us and immediately impose a written tax. while owning bitcoin is of course difficult to detect and is only known individually. Therefore, today many people are avoiding gold and turning to bitcoin. The comparison is very far, having 1 kilo of gold with 1 bitcoin, will be very worrying about holding gold rather than holding bitcoin.

[traderethereum]

I don't know how bitcoin will eat gold, but I hope that gold and bitcoin can work side by side and not interfere with each market because gold and bitcoin had a different market.
Bitcoin and gold are an investment asset that will become people's option to help them profit in the future.
But maybe bitcoin will have a chance to be the next digital investment than gold as the technology still develop and bitcoin can be adopted in all countries.
Gold will still be a safe haven for people who don't want to use bitcoin, while other people who want to have another investment type will try to use bitcoin.

Gold is still a safe haven. I'd say safer than Bitcoin. So if one is looking for a safe haven, I believe one should go for gold rather than Bitcoin.

But in terms of competition between the two, it cannot be avoided. It is impossible that both markets won't collide in one way or another. For example, you've mentioned about profit. Which would provide you a quicker and bigger profit? Is it gold or Bitcoin? Your answer would then determine where your money goes. That's one instance of competition.

Another instance would be whether which between the two would you prefer to own. If you buy $10,000 amount of gold, are you gonna be given real gold? And if you are, is it easier to own and keep than Bitcoin? If you buy Bitcoin, would you be given real Bitcoin? The answers to these question could be additional reasons why one would prefer one over the other.

People know that gold is a safe haven for their money, and they bought gold a long time ago.
Maybe people who invest in gold are not ready to invest in bitcoin because of the volatility.
Maybe bitcoin does not give a quicker and bigger profit in the short term, which is happening with gold.
But if we talk about the future, maybe bitcoin will have a big opportunity to give a bigger profit than gold.
What people search for the way to save their money is gold because many of them prefer to use traditional ways.
If you go to the jewelry shop, you will get real gold at $10k because that is what they know so far, and from what their parents told them.
But if people know about bitcoin and enthusiastic about the new technology, he will choose bitcoin as their investment.
So that will depend on each people itself.
But we are now in the digital world, which many people still do not know. But bitcoin will have its way to reach that person to join with bitcoin someday.

[dizzy1996]

I think that bitcoin is a good competitor to gold and can even surpass it, since it is now more profitable to invest in bitcoin since it is not tied to anything like gold and the factors affecting the bitcoin rate are much less than gold, so invest in bitcoin