Bitcoin is the new gold standard of the future

[Irenerty]

Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/

[Shamm]

 Yes as I see Bitcoins is the most standard Cryptocurrencies an more and more people used Bitcoins because of advantage and reliable of this  crypto that's why more people want to use Bitcoins in a way of trading and investment .

[Poker Player]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

[Liamttw]

Bitcoin is an asset that establishes a monetary system, and it is the basic currency of the future.
Bitcoin is not issued by any government agency or bank, but generated by the calculations of individual network nodes. Anyone can make and buy bitcoins, making it completely free from national boundaries and can be circulated all over the world.
Bitcoin has undergone many positive changes, and it may soon become a reliable and long-term storage method with gold. The growth and changes of Bitcoin make it more inclined to become digital gold, and it may lead the natural evolution from legal tender to digital currency. Make cryptocurrency an investable asset that can go hand in hand with gold, or even surpass gold.

[Charles-Tim]

When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

Did you think the government can make this to happen, for bitcoin to replace their country's currency, they can regulate Bitcoin, they will even see Bitcoin as threat, but Bitcoin is not a replacement but an alternative, Fiat has benefit while Bitcoin has benefit, Fiat for spending while Bitcoin for holding.

At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

People refer to Bitcoin as the digital gold already, but the marketcap of gold is still very high if compared to Bitcoin. Bitcoin with a marketcap in 900 billion, while that of gold in 11 trillion. But for Bitcoin to surpass gold, there is still a long way to go. Many rich people still prefer gold because they see it more as a store of value, while Bitcoin as a speculative asset ( but Bitcoin is both), this is why some still hold more of gold. But, anything can happy, it does not change the fact that Bitcoin is the most successful asset since 10 years ago till now, people could be drastically moving to Bitcoin, but this I do not know, nobody can give the assurance, but likely that Bitcoin will have up to gold marketcap one day.

[Tim-BTC]

At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/

Bitcoin's biggest advantage is also its biggest weakness.

Bitcoin is the first generation of Digital currency products under the blockchain technology.

 Even if a certain Digital currency may eventually become an international currency, its choice will definitely not be Bitcoin. Although the final amount of Bitcoin is limited, the types and production of online currencies are almost unlimited.

The core feature/value of Bitcoin is not Bitcoin itself, but the subsequent blockchain technology. Just like banknotes, its core feature/value is not the first version of banknotes, but the operating mechanism of banknotes.

[Zilon]

Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate.

I'm always not comfortable comparing Bitcoin to gold because despite the fact that gold is a valued asset it's still not secure. Bitcoin despite it's open source it's data integrity is highly maintained and can't be manipulated by greedy investors. Both gold and Bitcoin maintain their respective indentity.

As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.

Bitcoin uniqueness has surpassed mordern and ancient currency civilization but the aspect of it's resistance to censorship happen to be the main reason most government authority will keep fighting against the adoption of crypto currency most especially Bitcoin because bitcoin is posing a big treat on their ability to centralize the general transactions and database of it's citizens

[Karartma1]

I believe nobody's read The Bitcoin Standard by Saifedean Ammous here.
The book analyzes the historical context of BTC's emergence, the economic properties that allowed it to grow rapidly, and its possible economic, political, and social implications.

Ammous takes the reader through a fascinating journey along the history of technologies that have held monetary functions, the reasons for their adoption and subsequent loss of their monetary role, helping to understand what can really be a healthy form of money that can steer society towards peaceful modes of cooperation, with positive effects on capital accumulation, economic growth, and the stimulation of cultural and artistic creativity. Saifedean shows us that the highest peaks reached by mankind have been possible precisely in those societies with sound monetary regimes, while every monetary collapse has inevitably caused a social collapse as well.

With a perfectly predictable monetary policy that makes it an excellent store of value, functioning through decentralized software that creates a chain of immutable transactions, BTC allows users to transfer value in minutes across the globe without having to rely on central authorities. BTC's a form of digital gold with a built-in payment and transaction settlement system.

Do yourself a favor, buy and read the book

https://saifedean.com/thebitcoinstandard/

[Luke Briggs]

Bitcoin is digital gold for the following reasons:

• Bitcoin has the highest market value among digital currencies, and it is also the foundation of the digital currency market;
• The total amount is limited;
• The product of Internet development has no institution or state support behind it, and it is fair;
• Its value is slowly recognized by the public;
• Compared with gold, its authenticity identification, division, carrying and storage are more convenient;
• Programmable currency can meet the needs of charities and government agencies to solve corruption.

I believe that the value of Bitcoin will become higher and higher in the future.

[Melody kdl]

It seems unlikely that it will happen. Bitcoin has experienced two major crashes and countless smaller crashes, and is now back on the upward path. But as long as Bitcoin supporters continue to believe in Bitcoin, Bitcoin will be valuable; others can benefit from it even if they do not agree with this belief. Thanks to the beliefs of Bitcoin's true believers, Bitcoin will continue to be a good choice for investors.

[Haunebu]

Based on what I observed over time, BTC surpassed gold in several ways sometime back which became the talk of the town and helped spread awareness related to it and cryptocurrencies overall.

As an investment asset, BTC is way better than gold. On the other hand, as a currency, gold is still better than BTC.

[ROSERTY]

Bitcoin is an encrypted digital currency that relies on the Internet and blockchain technology to operate.The design goal of Bitcoin is to make it a decentralized and distributed open source peer-to-peer currency system, and it does not require the participation of trusted third parties during its operation. The price of Bitcoin can impact the value of gold and various legal currencies.

Bitcoin is a new type of digital gold, which is the natural development result of legal tender to digital currency.

[ven7net]

As far as I know, BTC and a number of other cryptocurrencies are now used mainly as a means of saving and increasing their money. That is, people buy BTC in order to sell it in the future and make more money. As for the gold standard and the use of BTC for payments around the world, it is too early to talk about it. The fact is that BTC as a gold standard must first be recognized by someone, and this requires legal grounds, without this word remain just words. As for the use of BTC for payment, there are also problems here, since at the moment these services, if any, are in small quantities. So I think BTC needs a little more time so that it could even more gain a foothold in our real world and then it will probably be able to become more than just a cryptocurrency.

[Ucy]

Guess I would say it's already a Global Currency (not the so called One World Currency) if anyone from any part of world can use or store Bitcoin. Doesn't necessarily have to be used by National governments for it to be seen as global currency. We could still have multiple global currencies as long as they are decentralized, safe and neutral currencies anyone can freely, easily and safely use without restrictions.

[The Sceptical Chymist]

I'm sorry, but that poorly-written article is nothing but a bunch of horse shit.  Gems like this make me want to slap the author:

Bitcoin is without a doubt, disrupting the gold standard, and it is gunning for the dollar itself next. Even since Bitcoin’s emergence, the dollar has done more and more to get away from its former peg to precious metals, and perhaps could itself turn digital in the days ahead.

Bitcoin isn't "disrupting the gold standard" because there is no gold standard anymore, which the article itself mentioned.  That phrase has a very specific meaning, which seems to have eluded whatever knuckle-dragger who wrote this piece.  Nor is bitcoin competing with the dollar, the peso, yen, or any fiat currency.  Why?  Because people actually spend fiat when they want to buy things, whereas only a minority of bitcoin holders spend spend it regularly (and they're smart not to, IMO). 

Even if fiat all over the world were to collapse all at once, people would probably start using precious metals again or, if they were to use crypto it wouldn't be bitcoin exclusively.  I bet you other coins would serve as currency just as much as bitcoin would, namely those coins with faster confirmation times and lower fees--and that's assuming the world was still functioning after all the fiat currencies collapsed.

Drivel.  That's what this article is, nothing more.

[CaptainCrapper]

At present wold, we will see in the near future all transactions made by digitalization so we have to wait someday already all of the counties one by one trying to give legality so near future Bitcoin will be the standard gold. If we invest in gold we cant expect more 2X money But if we invest in Bitcoin we will see 2X or 3X in the near future.

[palle11]

Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange.

I do agree quite well that bitcoin will top in the range for instrument to saving in the future but that a country will totally abandon her local currency for bitcoin is still a big debate. To start with, I don't think El Salvador has stopped using her local currency and dollar so that also shows us how it will be difficult a thing to achieve, tradition is difficult to change and fiat is such.

[maisao1991]

This is for sure, currently the price of BTC is also a currency, and considering the current digital gold there are many people who store and consider BTC more precious than gold. Even I consider BTC more precious than gold, I can call it a diamond.

[bittraffic]

Early adopters I guess still includes China despite them rejecting BTC this time. I'm sure their authorities had confiscated a lot.

But how devastating could it be if a country loses its privatekey to thier BTC wallet?
I suppose military men guard and protect the vaults of the documents where they keep their private keys, probably multisig too. I think there will be lots of attempts. I'm just imagining what the future will be like.

[worle1bm]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

It will take time for bitcoin to cross gold market cap as it is currently at 11 trillion dollars market cap and btc is at 846 billion dollars so we can say the prices need to cross $500k for that levels to reach.Above it all gold is giving negative returns as investors momentum has shifted towards other sources of investment and choices change with technology upgradation so is the case with bitcoin and gold.Bitcoin is far much better than gold in every aspect which all will soon realise and then we will see btc growing at rapid pace.

[terrorJR]

bitcoin is still a dream and will always be like that at least for the next few years it is not wrong to categorize this currency as a very beautiful treasure.
regardless of the standard you say I don't care because to me if btc is measured by the standard you say it will look like it's not a very strange thing anymore and become commonplace because it has created a standard as you say because if it is usually one of the goods or whatever it is what is used as a standard will usually only be stuck in place because their standards have been thought of to what extent.
other than that bitcoin will still be bitcoin and will stay that way at least for the next few years so I don't really understand why some people consider bitcoin to be a substitute for a country's currency?
I don't really mind the opinion because it's legal but the fact is until now it's also clear that bitcoin is an alternative and will be like that at least for the next few years and even to the end.

[sapnu]

We all have different expectations of bitcoin in the future and some of it might happen while some of it may not. In terms of preference, we cannot force people to choose bitcoin over gold because for sure, they have their own reasons for doing so. It should not even be a competition too, the value of bitcoin and gold is both very high and could both be an ideal storage of your investment. In the future, we might actually see bitcoin becoming a recognized currency or if the predictions would come to life, it might be the very single currency the whole world will be using.

[Oceat]

it might be the very single currency the whole world will be using.

It might be, but I have a doubt about it since as of these days fiat and crypto currency are the best partner both physical and digital currency to coexist. This goes the same to Gold and Bitcoin both are physical and digital asset that has a store value increasing over the years.

Both fiat and crypto have their own pros and cons and it is up to us to figure it out since no matter what you choose the outcome is almost the same. Although the difference is quite big and different but people are still persistent and keep using both so it doesn't matter what we choose as long as it gave us the freedom we want from the government.

[Kakmakr]

In a world that are built on debt.... I seriously doubt that Bitcoin will solve the problems of this world. Yes, it can serve as a Store of Value for people that want to protect the value of their wealth, but it can also be disastrous for those same people when the Bitcoin price take a 80% dip in the price. (Like it did just after 2017)

Imagine having your wealth "stored" in Bitcoin and the price crash and takes 3 years to recover. (In that time, you cannot touch your wealth, because it will destroy it's value)

Also ...imagine storing your wealth and the opposite happen ===> A 800% increase in the price, like it did prior to 2017. (I was there... I owned cheap bitcoins ($300) and the price went to $18 000 and a few years after that to $50 000+ when I sold some)  

[huu78]

I totally agree, but this is not something that just happens. Government supports it? I think this is not easy to agree on, moreover the government system of each country is different and the problems they experience are also different. Basically the most against btc or crypto are world bankers. If what we expect happens then they will lose. They won't let this happen.

[Silberman]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.

[Natalim]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.

If people will only focus on gold, then they cannot really determine the true value of bitcoin. Gold is only good in the ancient times and its value is only fixed. But with bitcoin, it can totally replace the position of gold because its value is definitely tripled with the value of gold. The only disadvantage is its value has all the possibilities to go up or might dump because of its own high volatility. I think aside from the reason that people have more knowledge on gold rather than bitcoin, they are also afraid that bitcoin will suddenly drop its value when they think they can be great replacement for gold.

[livingfree]

Even I consider BTC more precious than gold, I can call it a diamond.

It is because it is what we own mostly and I do think of the same because I don't have gold. 

We all have different expectations of bitcoin in the future and some of it might happen while some of it may not. In terms of preference, we cannot force people to choose bitcoin over gold because for sure, they have their own reasons for doing so. It should not even be a competition too, the value of bitcoin and gold is both very high and could both be an ideal storage of your investment. In the future, we might actually see bitcoin becoming a recognized currency or if the predictions would come to life, it might be the very single currency the whole world will be using.

There are people that are bound to gold investments and they'll stay there for sure because it's the traditional asset that they find suitable for them. It's about being confident and comfortable with our own choice of investments and today, we're in the community that we do like bitcoin so it's not a hard option because we're all in for bitcoin.

[BuNga_cute]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.

If people will only focus on gold, then they cannot really determine the true value of bitcoin. Gold is only good in the ancient times and its value is only fixed. But with bitcoin, it can totally replace the position of gold because its value is definitely tripled with the value of gold. The only disadvantage is its value has all the possibilities to go up or might dump because of its own high volatility. I think aside from the reason that people have more knowledge on gold rather than bitcoin, they are also afraid that bitcoin will suddenly drop its value when they think they can be great replacement for gold.

It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.

[Irenerty]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better.

Bitcoin has changed from a digital code to a digital gold that many people seek. Bitcoin is currently the most valuable digital currency on the market, and it is also the king of cryptocurrencies.

There is no central bank and government support behind bitcoin. The only thing it has is the consensus that people desire freedom. Bitcoin's technology has the potential to change the world, and its technology and ideas give people freedom. The advantages and reliability of bitcoin will be very successful in the future.

[Xampeuu]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.

If people will only focus on gold, then they cannot really determine the true value of bitcoin. Gold is only good in the ancient times and its value is only fixed. But with bitcoin, it can totally replace the position of gold because its value is definitely tripled with the value of gold. The only disadvantage is its value has all the possibilities to go up or might dump because of its own high volatility. I think aside from the reason that people have more knowledge on gold rather than bitcoin, they are also afraid that bitcoin will suddenly drop its value when they think they can be great replacement for gold.

It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.

bitcoin is good and gold is also good to invest. Currently bitcoin only needs recognition and trust from the entire community so that it can be adopted by everyone. but before that legalization is needed from the government so that everyone knows and believes that bitcoin is an investment tool

[ethereumhunter]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better.

Bitcoin has changed from a digital code to a digital gold that many people seek. Bitcoin is currently the most valuable digital currency on the market, and it is also the king of cryptocurrencies.

There is no central bank and government support behind bitcoin. The only thing it has is the consensus that people desire freedom. Bitcoin's technology has the potential to change the world, and its technology and ideas give people freedom. The advantages and reliability of bitcoin will be very successful in the future.

But not many people will want to join in bitcoin as they see that bitcoin is not yet accepted in all countries. People are worried about the volatility of bitcoin prices and the government needs to think about accepting bitcoin or it will still be on the grey side. Only people who can see the potential of bitcoin will seek more and more bitcoin while they can do that. Bitcoin needs more time to be the next asset for those people, especially until they can see that bitcoin have a chance to give them a new way to earn money.

[molsewid]

It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.

People are now keep coming to know more about cryptocurrency which so happen that every people I've met only knew to call cryptocurrency as a bitcoin. Bitcoin is a very popular cryptocurrency today and I am very much positive that we are expecting for a good future of cryptocurrency especially bitcoin. I believe that bitcoin will be set as the new standard of currency and now it is set as the newest standard for investment however this might take years and still the existence and the value of gold were irreplaceable.

[imstillthebest]

Bitcoin has changed from a digital code to a digital gold that many people seek.

no it didnt changed at all . btc is digital so it was coded , it was them people that termed btc as a digital version of gold because maybe they saw some similarities .

The advantages and reliability of bitcoin will be very successful in the future.

the reliability can be improved in the future because the more the people invest the more the profitable bitcoin is but for its advantage it was already a succes .

[AicecreaME]

Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/

Bitcoin indeed paved way for so many opportunities other investment vehicles can't offer. The mass adoption of bitcoin brings more alternatives and choices in terms of payment method for the users. In addition, the adoption of bitcoin to most countries and establishments gives a higher possibility of it to have an increase of value. Adoption of bitcoin most especially by big companies such as Amazon can attract many potential investors that can benefit our community.

Bitcoin is one of the best options of people to store their assets to avoid inflation. Bitcoin is lesser prone to inflation compared to fiat and other store of value. It is claimed to ba a safe haven because bitcoin's value increases as time passes by like gold. Hence, the reason why it is always being compared with gold - both are of limited supply, scarce, and its value increases because of high demand, limited supply.

However, despite all the good things bitcoin has to offer, i don't think the government and central organizations will allow it to be the global currency. Simply because bitcoin is decentralized and volatile. They cannot control nor manipulate it. They can't just produce more of it when they want and need to compared with fiat.

[wahyu wida]

It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.

People are now keep coming to know more about cryptocurrency which so happen that every people I've met only knew to call cryptocurrency as a bitcoin. Bitcoin is a very popular cryptocurrency today and I am very much positive that we are expecting for a good future of cryptocurrency especially bitcoin. I believe that bitcoin will be set as the new standard of currency and now it is set as the newest standard for investment however this might take years and still the existence and the value of gold were irreplaceable.

In addition to having value, gold also has a physical function, namely as jewelry, so I still believe that gold will still be valuable for investment, because most women have jewelry. on the other hand, with the presence of bitcoin and starting to win the trust of many people, of course it also becomes a valuable asset, and just like gold which is worthy of being an investment tool

[Karartma1]

Apart from becoming a new monetary standard in the not so distant future, Bitcoin use as a way to avoid state surveillance and easy handling of wealth should be already a sign of bitcoin victory over the current system.
Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.

[Obito]

Apart from becoming a new monetary standard in the not so distant future, Bitcoin use as a way to avoid state surveillance and easy handling of wealth should be already a sign of bitcoin victory over the current system.
Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.

I don't know about state surveillance but they seem to be pretty good with invasion in privacy so if you are using a computer that is connected to the Internet that's controlled or monitored closely by the state, I think that there's not going to be any difference since they will still see your online activities and there's public ledger that they can use to trace who owns those bitcoins that they're looking for. Unless there's a fix for volatility, bitcoin will never be considered like gold standard and gold standard is an obsolete system that was take over by Bretton Woods and even that is already obsolete.

[Snappycoco]

Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/

Yeah agreed. The trust built within is so strong that now it evolves into an investment rather than utility. The trust made was due to its revolutionary protocol that every people would understand that it is the future of money. However, I don't see it as a global currency. Many countries ban it so it wouldn't be possible as of now. But I just hope it would in the near future.

[Princejebs]

Yes as I see Bitcoins is the most standard Cryptocurrencies an more and more people used Bitcoins because of advantage and reliable of this  crypto that's why more people want to use Bitcoins in a way of trading and investment .

Not just trading, but as means of payment. Bitcoin is a digital Gold everyone wishes they have own before it exploded in price, I wonder what will be in the mind of person that bought 1 pizza for 10 btc, a dream I wouldn't ever pray to see in my sleep, as I'm yet to forget the small mistakes I have made in the past.
I wish Bitcoin can be scale without having limit of transaction and very fast confirmation without delay of any sort, bitcoin will become beast.

[swiftbits]

Considering it as the alternative, I see it as something more accessible and profitable, making it more preferable.
Crypto, in general, is innovative and paved many opportunities, Bitcoin is the standard, and hopefully, it will bring more positive results in the future. Imagine its price in the coming years; the more people utilize it, the more possibilities for it to increase its value.

[Shenzou]

It is clear that bitcoin has become a popular asset in the past few years and in a lot of ways it is compared to gold due it being a good store value, due to how it has a limited amount and can't create more of it, it is certain that its price is just going to keep on increasing, and this increase in popularity has only made big companies and investors more willing to invest into it and support it, and it is no surprise that in the upcoming years if a lot of them start accepting as a payment method it would become the gold of the digital age.

[arallmuus]

At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

Probably not as a global currency but most likely it could be the new global reserve. Most if not all countries currently use gold as their global reserve so at some point if bitcoin turns out to be more valuable than gold then it might replace gold. Besides that its easier to secure and keep 1000 bitcoin rather than securing few tonnes of gold bar

because the more the people invest the more the profitable bitcoin is but for its advantage it was already a succes .

The exact word that you should use is adopt instead of invest. There are tons of investor that purchased bitcoin just for the sake of making profit and that wont make any different at all but if there are few big companies that adopt bitcoin then things might change

[LUCKMCFLY]

It is very difficult to convert BTC into a global currency, the reasons are many:

1.- Many countries do not approve the use of BTC, but the way to introduce it is being studied through a series of strong regulations, including many taxes.

2.-The natural enemies of BTC are the majority of financial advisers to governments, who do not know very well how to act in the face of volatility.

3.- Many governments are interested in the existence of inflation, because that way they can devalue their currency to continue obtaining liquidity, such is the case of countries like Venezuela, Argentina and countries with high inflation.

4.- Governments and banks are interested in continuing to maintain control through debt, it is the easiest way to obtain dividends.

There are many more reasons, although there are options for countries such as El Salvador, which adopted BTC, now Paraguay and Argentina are willing to do so, generally countries with high inflation and that have prohibitions by the USA, it is convenient to use BTC, this can greatly help adoption, if it is for the future, BTC is the door to the economic future of a deflationary economy with zero debt.

[King Khaizan]

Crypto currency assets, including Bitcoin, are predicted to soon replace gold as a safe haven asset in the future.

Crypto currency assets can slowly replace the role of gold if problems often involve Bitcoin such as investor confidence, price volatility, regulation, and reputation.

If these problems can be overcome, then Bitcoin and other cryptocurrencies can be the choice of investors who want to diversify their portfolios.

[istiak2277]

Bitcoin is the digital gold of the technological era. If you know about history very well then you must have known that when financial stress comes people rush to something that can store value. The precious metal was their first choice but now they are going for bitcoin because banks are moving towards digital currencies. Bitcoin could be more valuable in the future because of its limited supply.

[Karartma1]

Apart from becoming a new monetary standard in the not so distant future, Bitcoin use as a way to avoid state surveillance and easy handling of wealth should be already a sign of bitcoin victory over the current system.
Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.

I don't know about state surveillance but they seem to be pretty good with invasion in privacy so if you are using a computer that is connected to the Internet that's controlled or monitored closely by the state, I think that there's not going to be any difference since they will still see your online activities and there's public ledger that they can use to trace who owns those bitcoins that they're looking for. Unless there's a fix for volatility, bitcoin will never be considered like gold standard and gold standard is an obsolete system that was take over by Bretton Woods and even that is already obsolete.

Talk for yourself. There are many ways to keep our privacy online. Of course, I'm not gonna tell you what's my opsec setting but trust me I'm very aware about what you said and I do all that's necessary to keep my privacy as high as possible.
Also using btc anonymously with some strict coin control features I help.
I don't need much fiat money, anything else can be done via btc.

[justdimin]

The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.

The thing is whether the government is going to help push these cryptocurrencies forward, or are they going to end up pushing theirs forward? Recently, they have been talking about CBDC which is a central bank issued digital currency. If eventually they release these currencies, are they going to leave them to push the use of decentralized currencies? I don’t really think so. Anyways, I never for once thought that we are going to need the government in this case.Bitcoin has always been all about the trust that people have for it, the trust is what has kept it going and nothing more. So I believe that it should and it’s going to be like that.

[oHnK]

The thing is whether the government is going to help push these cryptocurrencies forward, or are they going to end up pushing theirs forward? Recently, they have been talking about CBDC which is a central bank issued digital currency. If eventually they release these currencies, are they going to leave them to push the use of decentralized currencies? I don’t really think so. Anyways, I never for once thought that we are going to need the government in this case.Bitcoin has always been all about the trust that people have for it, the trust is what has kept it going and nothing more. So I believe that it should and it’s going to be like that.

I don't think that CBDC will be attractive if it is not released by the country's central bank.  However, it is impossible for the CBDC system to become fully decentralized without the authority of the central bank because it would be tantamount to a boomerang for the monetary system that has been built by the central bank itself.  What's more, China's CBDC, which has just been made in my own country, is still a discourse.  CBDC in communist countries will be easier to accept because people are very afraid of their government, unlike in liberal or semi-liberal countries.

[suryana]

Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/

The future of bitcoin is splendid. Even now its feasibility is even better than gold . You could say bitcoin is digital gold that is easy to access, open and able to make profits as we want. Hoping bitcoin will be more successful.

[just_Alice]

When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

I wouldn’t be so sure that this is what we want to happen. Governments receive partial control and, much more importantly, a source of money from the current fiat system. In turn, they provide services, care about welfare and safety inside the country, etc. I assume you’d expect them to continue doing that, right? But if we totally switched to cryptocurrencies the taxation would be so much complicated. How to ensure that everyone pays taxes if everyone tries to stay anonymous?

I don’t know, maybe it is possible to regulate somehow, maybe it will be so in the future. But the important question is: do we really need it? I think fiat and cryptocurrencies can coexist just fine, benefiting both governments and people.

[LUCKMCFLY]

It is very difficult to convert BTC into a global currency, the reasons are many:

4.- Governments and banks are interested in continuing to maintain control through debt, it is the easiest way to obtain dividends.

What do you think of all those services that claim to hold Bitcoin for people to obtain dividends through lending interest? They have somehow found a way to make crypto just like normal financial services. All over these socalled Defi platforms are trying to lure people with BTC to lend their coins for interest (by asking borrowers to pay).

IF governments and banks also find a way to do this, they don't care if it's USD or BTC.

Well that's a great point, somehow they want to get in and they want to be an important part of this technology and what BTC is concerned with, and now it is in effect, JP Morgan said that it would start accepting BTC in its banks despite the fact that He doesn't seem like it to you, but that people have been pressuring him to introduce it, this way he can place his control.

What happens is that many people blindly believe in the world economic system even though it has many fissures, and they do not see it, they think that by having a bank the data and saying what amounts they can transfer, withdraw, deposit their money will be safer And it is not like that, now the policies for both countries and banks that want to impose on people who want to let themselves be carried away by them is something else.

[lightning0]

Bitcoin and gold are both very high in value, and both are ideal investment storage methods. However, with the current development of the digital currency economy, Bitcoin's effect as a gold substitute is much better. Bitcoin is the basic currency of the future. It is completely free from national boundaries and can be circulated on a global scale. Bitcoin should have better development in the future.

[Wong Gendheng]

Bitcoin and gold are both very high in value, and both are ideal investment storage methods. However, with the current development of the digital currency economy, Bitcoin's effect as a gold substitute is much better. Bitcoin is the basic currency of the future. It is completely free from national boundaries and can be circulated on a global scale. Bitcoin should have better development in the future.

The number of large companies that develop bitcoin is certainly our hope that one day bitcoin will become a global transaction system, when compared to gold of course we can't say that bitcoin is better because there are many different things and can't be compared between bitcoin and gold.

[Silberman]

Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat. 

Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.

Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.

If people will only focus on gold, then they cannot really determine the true value of bitcoin. Gold is only good in the ancient times and its value is only fixed. But with bitcoin, it can totally replace the position of gold because its value is definitely tripled with the value of gold. The only disadvantage is its value has all the possibilities to go up or might dump because of its own high volatility. I think aside from the reason that people have more knowledge on gold rather than bitcoin, they are also afraid that bitcoin will suddenly drop its value when they think they can be great replacement for gold.

It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.

This is a great advantage of bitcoin compared to gold, bitcoin was great before the digital age but now that most of the transactions are digital in nature we cannot go back to carry gold coins in our pockets, that will be incredibly archaic and no one wants to return to that, so we need a store of value that is electronic in nature and so far bitcoin is the best chance that we have to not only be part of the fastest growing market during the last decade, but also it is the best way to protect our wealth we have at the moment.

[ninkdwi]

What did you mean by rebuild here? The concept of a decentralized financial system is introduced through bitcoin. Crypto is already in the mainstream now when govt is trying to ban or regulate it. If technology is doing good and helping people in many ways it will develop and evolved in time. The evolution already began but we need some regulation to prevent crypto fraud.

it will be very difficult because crypto still prioritizes the system in the blockchain which even though here is very safe in transacting the system is also very difficult to track the identity that is in it and besides that here it is also decentralized so if someone feels cheated in sending or transferring something it will be very difficult to track the existence of their assets and perhaps the anticipation of fraud is to come back to yourself, don't be easily influenced by sweet words and big profits because usually fraudsters rely more on sweet words and when we are greedy and follow them, don't expect your money to be safe

[fullhdpixel]

I wouldn’t be so sure that this is what we want to happen. Governments receive partial control and, much more importantly, a source of money from the current fiat system. In turn, they provide services, care about welfare and safety inside the country, etc. I assume you’d expect them to continue doing that, right? But if we totally switched to cryptocurrencies the taxation would be so much complicated. How to ensure that everyone pays taxes if everyone tries to stay anonymous?

I don’t know, maybe it is possible to regulate somehow, maybe it will be so in the future. But the important question is: do we really need it? I think fiat and cryptocurrencies can coexist just fine, benefiting both governments and people.

Nations do not get a source of money from fiat to do stuff, I mean they shouldn't at least, printing money to do what a government has to do is not the right way. What they should do is tax people and get that money and use that money to help everyone, some stuff are not charged in this world, you do not pay the firefighters that stops the fire at your house right? So, some stuff needs to be paid by government and they should use that from the taxes.

Obviously speaking we are talking about many nations coming short and using that money very inefficiently, nations that could send 1 rocket to space for exploration every single day with the type of tax they get end up not even fixing the roads is the norm we are used to these days, this has nothing to do with your ideology or politician you like, EVERY one of them are like that in this day and age. So bitcoin or fiat, nothing will honestly change if you ask me, because it is the people at the top that is screwing us over, no matter which currency.

[BuNga_cute]

~

If people will only focus on gold, then they cannot really determine the true value of bitcoin. Gold is only good in the ancient times and its value is only fixed. But with bitcoin, it can totally replace the position of gold because its value is definitely tripled with the value of gold. The only disadvantage is its value has all the possibilities to go up or might dump because of its own high volatility. I think aside from the reason that people have more knowledge on gold rather than bitcoin, they are also afraid that bitcoin will suddenly drop its value when they think they can be great replacement for gold.

It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.

This is a great advantage of bitcoin compared to gold, bitcoin was great before the digital age but now that most of the transactions are digital in nature we cannot go back to carry gold coins in our pockets, that will be incredibly archaic and no one wants to return to that, so we need a store of value that is electronic in nature and so far bitcoin is the best chance that we have to not only be part of the fastest growing market during the last decade, but also it is the best way to protect our wealth we have at the moment.

It's not only big profits that Bitcoin can give in the future, but Bitcoin can also provide ease of transactions. Because the digital era like now is
very effective in choosing assets such as Bitcoin to protect our wealth, our ease of accessing and using Bitcoin is what many people need today.
The modern era is like now where simplicity is important, that's what Bitcoin can provide. So it's no wonder so many rich people and big companies
are starting to dare to invest in very large amounts of Bitcoin. Because Bitcoin can provide something that other assets can't, it's no wonder Bitcoin
has grown so rapidly in just 12 years.

[AndySt]

I wouldn’t be so sure that this is what we want to happen. Governments receive partial control and, much more importantly, a source of money from the current fiat system. In turn, they provide services, care about welfare and safety inside the country, etc. I assume you’d expect them to continue doing that, right? But if we totally switched to cryptocurrencies the taxation would be so much complicated. How to ensure that everyone pays taxes if everyone tries to stay anonymous?
I don’t know, maybe it is possible to regulate somehow, maybe it will be so in the future. But the important question is: do we really need it? I think fiat and cryptocurrencies can coexist just fine, benefiting both governments and people.

Nations do not get a source of money from fiat to do stuff, I mean they shouldn't at least, printing money to do what a government has to do is not the right way. What they should do is tax people and get that money and use that money to help everyone, some stuff are not charged in this world, you do not pay the firefighters that stops the fire at your house right? So, some stuff needs to be paid by government and they should use that from the taxes.
Obviously speaking we are talking about many nations coming short and using that money very inefficiently, nations that could send 1 rocket to space for exploration every single day with the type of tax they get end up not even fixing the roads is the norm we are used to these days, this has nothing to do with your ideology or politician you like, EVERY one of them are like that in this day and age. So bitcoin or fiat, nothing will honestly change if you ask me, because it is the people at the top that is screwing us over, no matter which currency.

Yes, the state system is often unfair and inefficient at times, but it is still a working system and the fiat currency is a necessary part for its functioning. Also, do not forget that when we talk and try to compare space technology and banal road repairs, these are slightly different things with different potential in the future. Because scientific research for the creation and functioning of space technology can potentially give much more to the economy and create new jobs than specific road repairs in a specific area. Therefore, it is still not necessary to directly compare high-tech things with ordinary infrastructure. And by the way, reasonable printing of an additional amount of money is usually useful for the economic growth of the state. The most important thing is not to get too carried away with it 

[NathanielParker]

In the long run, the market value of Bitcoin will greatly increase. The value of Bitcoin depends entirely on the market. Bitcoin's distributed network peer-to-peer encryption technology protects the network and transactions. From the perspective of regulation and market volatility, cryptocurrency plays an important role. I think that the era when Bitcoin market value surpasses gold will become a reality in the future, and I have seen the prediction of an expert in the United States that Bitcoin will surpass gold faster than expected.

[Rajamuda]

It is possible that bitcoin will compete with gold, even bitcoin has the potential to have higher popularity than gold. Well, bitcoin is like the gold of the future, which has long been famous for all its advantages, especially in terms of price.
If it's related to global currencies, yes it looks like there is potential for it, but after all.. fiat remains the main one, bitcoin will be a complementary/global alternative currency.

[Baihaki Khaizan]

There are many assets that are considered a store of value. Perhaps the most common assets that come to mind are precious metals such as gold or other objects that have a limited supply.
 
However, gold is a scarce resource, and it is impossible to predict how much it will be in the future. In addition, as technology develops, gold will be easily obtained through asteroid mining.
 
This is where bitcoin differentiates itself. Investors can verify with certainty how much is there now and how much will be in the future. This makes bitcoin the only asset in the world that can be proven to have a finite and fixed supply.

[Baihaki Khaizan]

Based on what I observed over time, BTC surpassed gold in several ways sometime back which became the talk of the town and helped spread awareness related to it and cryptocurrencies overall.

As an investment asset, BTC is way better than gold. On the other hand, as a currency, gold is still better than BTC.

For the price, over the last 50 years the price of gold has been impressive accompanied by inflation and high production costs due to deeper mining.

Meanwhile, Bitcoin has also experienced a remarkable increase from the price of US $ 0.08 when it debuted in 2008 to around US $ 60 thousand recently.

But the correction in crypto is also very steep and sharp changes that should also be a concern.

So it seems that gold will always be used for investment, while Bitcoin for trading and speculation.

[freedomgo]

In the long run, the market value of Bitcoin will greatly increase. The value of Bitcoin depends entirely on the market. Bitcoin's distributed network peer-to-peer encryption technology protects the network and transactions. From the perspective of regulation and market volatility, cryptocurrency plays an important role. I think that the era when Bitcoin market value surpasses gold will become a reality in the future, and I have seen the prediction of an expert in the United States that Bitcoin will surpass gold faster than expected.

Gold was not surpassed in value yet per marketcap but bitcoin marketpcap is already close and it's already in the top 10. We can see the impressive growth of bitcoin and it's not impossible that one day it will be at the top. The world is going online, bitcoin is digital gold and the gold thing is no government could control it and you can carry it wherever you will go.

For a billionaire, he can secure his money and go anywhere in the world just by carrying his hardware wallet and remembering his password, isn't it convinient?

[verita1]

This moment is so exciting, bitcoin is in position number 9 in the capital market rating.
This achievement is thanks to our perseverance because bitcoin was first taken by ordinary people and then came the great Institutions and Investors. Let's not lose faith bitcoin is on the right track.

1. Gold
M. Cap $ 11,323 T
Price $ 1,782

2. Apple
M. Cap $ 2.449 T
Price $ 148.19

3. Microsoft
M. Cap 2,287 T
Price $ 304.36

4. Saudi Aramco
M. Cap $ 1,862 T
Price $ 9.32

5. Alphabet (Google)
M. Cap $ 1,837 T
Price $ 2,768

6. Amazon
M. Cap $ 1.62 T
Price $ 3,199

7. Silver
M. Cap $ 1,293 T
Price $ 22.97

8. Facebook
M. Cap $ 1,013 T
Price $ 359.37

9. BTCitcoin
M. Cap $ 926.57 B
Price $ 49,303

10. Tesla
M. Cap $ 673.46 B
Price $ 680.26

https://8marketcap.com

[awik p]

In the long run, the market value of Bitcoin will greatly increase. The value of Bitcoin depends entirely on the market. Bitcoin's distributed network peer-to-peer encryption technology protects the network and transactions. From the perspective of regulation and market volatility, cryptocurrency plays an important role. I think that the era when Bitcoin market value surpasses gold will become a reality in the future, and I have seen the prediction of an expert in the United States that Bitcoin will surpass gold faster than expected.

Gold was not surpassed in value yet per marketcap but bitcoin marketpcap is already close and it's already in the top 10. We can see the impressive growth of bitcoin and it's not impossible that one day it will be at the top. The world is going online, bitcoin is digital gold and the gold thing is no government could control it and you can carry it wherever you will go.

For a billionaire, he can secure his money and go anywhere in the world just by carrying his hardware wallet and remembering his password, isn't it convinient?

in the world of investing, bitcoin is a good asset to make a profit later, as well as gold. on the other hand bitcoin is also gold in the transaction system, because of the convenience where with bitcoin we can buy goods or go abroad without any difficulty exchanging fiat money, which is different for each country, and I think this provides effectiveness to its users

[albon]

The most important feature of the Bitcoin currency is that it offers greater opportunities to achieve large returns in the future, and it is an excellent investment, albeit highly volatile, due to its exposure to major price fluctuations within a short period of time. Bitcoin can be stored on a platform or in a wallet and can be sent to anyone in the world within minutes without revealing the identity of the sender, I agree that Bitcoin is the new gold standard of the future.

[Semar Mesem]

The most important feature of the Bitcoin currency is that it offers greater opportunities to achieve large returns in the future, and it is an excellent investment, albeit highly volatile, due to its exposure to major price fluctuations within a short period of time. Bitcoin can be stored on a platform or in a wallet and can be sent to anyone in the world within minutes without revealing the identity of the sender, I agree that Bitcoin is the new gold standard of the future.

Bitcoin deserves to be said the gold standard of the future, the thing that must be improved from bitcoin is the private key, I hope the private key can identify fingerprints or retinas of the eye so it is very safe, nowadays many people make programs or applications to guess the bitcoin private key, I'm afraid the algorithm of bitcoin can be cracked someday so users leave bitcoin immediately.

[perfect999]

It is possible that bitcoin will compete with gold, even bitcoin has the potential to have higher popularity than gold. Well, bitcoin is like the gold of the future, which has long been famous for all its advantages, especially in terms of price.
If it's related to global currencies, yes it looks like there is potential for it, but after all.. fiat remains the main one, bitcoin will be a complementary/global alternative currency.

Bitcoin is certainly more valuable than gold and the reason I am saying that is simply scarcity associated with it. Gold although rare is still unlimited and Bitcoins are limited and every day a lot of bitcoins are burned through various means like - lost coins, burned coins, etc.

One reason that makes me feel that bitcoins will never get worldwide acceptance though, is the decentralized nature. Governments and banks want to control the economy while bitcoin's sole purpose is to dump banks so they cannot work together.

[tygeade]

The most important feature of the Bitcoin currency is that it offers greater opportunities to achieve large returns in the future, and it is an excellent investment, albeit highly volatile, due to its exposure to major price fluctuations within a short period of time. Bitcoin can be stored on a platform or in a wallet and can be sent to anyone in the world within minutes without revealing the identity of the sender, I agree that Bitcoin is the new gold standard of the future.

No doubt I believe in BTC and hence I am part of this community for years now but to be brutally honest, I don't feel like BTC will ever have the same value as gold. I am not talking in terms of price but the value. The place I live right, I have a lot of aged people whom I often try and convince about BTC but they always say that it's impossible to trust an asset that exists virtually and the creator is not even known.

I am sure the price of BTC will go massively high especially around the time the next halving happens but the value and trust that is associated with gold cannot be associated with BTC just yet.

[Silberman]

It is possible that bitcoin will compete with gold, even bitcoin has the potential to have higher popularity than gold. Well, bitcoin is like the gold of the future, which has long been famous for all its advantages, especially in terms of price.
If it's related to global currencies, yes it looks like there is potential for it, but after all.. fiat remains the main one, bitcoin will be a complementary/global alternative currency.

Bitcoin is already competing with gold and while we are still far away from the market cap of gold I think the predictions of some experts that think that bitcoin is going to eat away a significant part of the market cap of gold are going to become true as people realize that buying and holding bitcoin is easier than buying and holding gold, not only I would love that as a holder of bitcoin but also because I would love to see what kind of excuse Peter Schiff will bring to justify this.

[witcher_sense]

Bitcoin is certainly more valuable than gold and the reason I am saying that is simply scarcity associated with it. Gold although rare is still unlimited and Bitcoins are limited and every day a lot of bitcoins are burned through various means like - lost coins, burned coins, etc.

One reason that makes me feel that bitcoins will never get worldwide acceptance though, is the decentralized nature. Governments and banks want to control the economy while bitcoin's sole purpose is to dump banks so they cannot work together.

The main reason central banks and governments have become so powerful is gold's limitations. Gold is too heavy, it is difficult to transport across lands and oceans. They replaced it with fiat and took control over it. Additionally, gold is easily confiscatable and effectively taxable. It all resulted in more taxes and bigger coffers. Bitcoin can get worldwide acceptance as a standard for the reason that, unlike gold, bitcoin is unstoppable, you don't need to ask governments and banks for permission to access and move it. With bitcoin, people can keep their government in check, they will have a unique ability to constantly monitor what things taxes are spent on. Central banks will lose their ability to manage the economy by playing with the supply of money. Governments' spending on wars and authoritarian endeavors will shrink and, therefore, their power.

[arallmuus]

as people realize that buying and holding bitcoin is easier than buying and holding gold

Its easier to buy and hold both of it but the main advantage on bitcoin is that you can easily use it as your payment option. There are few companies that started to accept bitcoin recently so this is one of the 'new' standard that we are looking for. The digital 'gold' that you can spend and receive as if you are receiving money or banknotes

They replaced it with fiat and took control over it.

and they can keep on printing it

[Chathusand]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

[Davidvictorson]

At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?

It might, it might not. The biggest challenge it faces which it must overcome is its volatility. Once this can be fixed and then its regulatory issues, then I think we can begin to talk about how its going to be the new gold standard.  I love bitcoin and the “miracles” it can perform but we still have a pretty long way to go.

[Wawa2013]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

Investing in Bitcoin can provide huge profits, as well as Gold. But it is not wise to compare the two, because Bitcoin was not created to compete
with Gold. After all, we can't force everyone to like Bitcoin. Everyone does have their own freedom to choose what they think is comfortable to use.
I agree both Bitcoin and Gold are both quite high value and very good for long term investment.

[freedomgo]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

Investing in Bitcoin can provide huge profits, as well as Gold. But it is not wise to compare the two, because Bitcoin was not created to compete
with Gold. After all, we can't force everyone to like Bitcoin. Everyone does have their own freedom to choose what they think is comfortable to use.
I agree both Bitcoin and Gold are both quite high value and very good for long term investment.

Investing does not always come with profit, especially in the crypto market where the risk is high and the price volatility could probably result to panic of the investors. Comparing bitcoin to gold, I think it's too early to say that bitcoin is better because gold is very stable and it will always be the option of the big investors to secure their wealth. Moreover, bitcoin could only be use as a tool to trade and one could choose not to hold it but just to use it for trading purposes only.

[Wawa2013]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

Investing in Bitcoin can provide huge profits, as well as Gold. But it is not wise to compare the two, because Bitcoin was not created to compete
with Gold. After all, we can't force everyone to like Bitcoin. Everyone does have their own freedom to choose what they think is comfortable to use.
I agree both Bitcoin and Gold are both quite high value and very good for long term investment.

Investing does not always come with profit, especially in the crypto market where the risk is high and the price volatility could probably result to panic of the investors. Comparing bitcoin to gold, I think it's too early to say that bitcoin is better because gold is very stable and it will always be the option of the big investors to secure their wealth. Moreover, bitcoin could only be use as a tool to trade and one could choose not to hold it but just to use it for trading purposes only.

Not everyone succeeds in getting a profit when investing, therefore it is very necessary knowledge and expertise to analyze the market to be able
to generate profits from investments. So make sure we have made preparations before deciding to invest, so as to minimize the risk of
experiencing losses when investing. And never invest in an unknown asset, so learn everything about that asset before investing.

Gold has been known for a long time as the safest asset for investment. and Gold has been recognized by many people can provide profits in
the long term. Bitcoin is still relatively new in the investment world, because Bitcoin has only been on the market for about 12 years, it is too early
to say Bitcoin is better than Gold, which Gold has been trusted as a profitable investment thousands of years ago. Therefore it is not surprising that
there are still many rich people who prefer Gold over Bitcoin.

[LUCKMCFLY]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

I think what bitcoin has achieved at this time is very good, if we think that we can replace fiat or gold of course it is impossible, bitcoin does not have a physical form like gold so it is still difficult to be accepted throughout the world, while gold has been proven thousands of years can accepted anytime and anywhere.

You are right, gold has a long history, BTC is more than 10 years old, and until now they are beginning to take it more seriously, in fact, adoption in countries is the fundamental thing, El Salvador is an innovative and pioneering country, I think that the BTC will always have to have its pair with the FIAT money, since it is a way to measure its value, for me it does not make sense to compare the fiat money with the BTC, if both are money, something similar happens with gold, both represent money and value, which is what helps us to benefit from acquiring goods and services, that's what it is all about.

[inoes]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

Investing in Bitcoin can provide huge profits, as well as Gold. But it is not wise to compare the two, because Bitcoin was not created to compete
with Gold. After all, we can't force everyone to like Bitcoin. Everyone does have their own freedom to choose what they think is comfortable to use.
I agree both Bitcoin and Gold are both quite high value and very good for long term investment.

Both bitcoin and gold are in accordance with the laws of the economy and market mechanisms, the increase in demand will certainly be accompanied by an increase in price.  Naturally, the price continues to increase due to increased demand but inversely proportional to the existing supply.
 
When compared, they are indeed different in age, concept, media, and era.  Because Over the past year, the performance of Bitcoin crypto asset transactions has continued to improve.  Instead of being negatively affected, the global pandemic that devastated the world economy actually gave Bitcoin an opportunity.  Likewise with gold, which at the beginning of 2021 also experienced an increase, although not as high as Bitcoin.

If you like to invest digitally then cryptocurrency can be a solution.  But if you like conventional things then gold is not bad.
 It is recommended that you invest, especially Bitcoin, according to your means.  Don't use debt.

[AndySt]

We all have different hopes for bitcoin in the future, and some of them may or may not come true. In terms of personal choice, we can't force people to favor bitcoin over gold because they all have their own reasons. It shouldn't even be a competition; the value of bitcoin and gold are both quite high, and both might be excellent storage options for your money.

Investing in Bitcoin can provide huge profits, as well as Gold. But it is not wise to compare the two, because Bitcoin was not created to compete
with Gold. After all, we can't force everyone to like Bitcoin. Everyone does have their own freedom to choose what they think is comfortable to use.
I agree both Bitcoin and Gold are both quite high value and very good for long term investment.

Both bitcoin and gold are in accordance with the laws of the economy and market mechanisms, the increase in demand will certainly be accompanied by an increase in price.  Naturally, the price continues to increase due to increased demand but inversely proportional to the existing supply.
When compared, they are indeed different in age, concept, media, and era.  Because Over the past year, the performance of Bitcoin crypto asset transactions has continued to improve.  Instead of being negatively affected, the global pandemic that devastated the world economy actually gave Bitcoin an opportunity.  Likewise with gold, which at the beginning of 2021 also experienced an increase, although not as high as Bitcoin.
If you like to invest digitally then cryptocurrency can be a solution.  But if you like conventional things then gold is not bad.
 It is recommended that you invest, especially Bitcoin, according to your means.  Don't use debt.

Investing in bitcoin and using bitcoin as a gold standard are slightly different things. It is one thing when individual citizens are engaged in these investments and how the state treats this, and it is quite another thing when the state can use bitcoin in its reserves on an equal basis or even instead of gold. Here there are a lot of nuances, both the availability of a legislative and regulatory framework, and the readiness of the state structures themselves for this. Nevertheless, the use of gold in the economy is worth many thousands of years and already quite well-developed mechanisms, which can not be said about bitcoin. Therefore, we can talk about investments as much as we want, but the gold standard at this point in time is unlikely to be threatened by anything.

[Kong Hey Pakboy]

If bitcoin becomes the new gold standard then that means that countries that have the biggest reserve of bitcoin is going to be the one that's leading the international economic pack, and I think that China is going to be that country because they still have bitcoins even though they've banned it already.

[suryana]

I am optimistic about this. The more visible the development of bitcoin today. Not only nobles who have a lot of money, but ordinary people have seen the opportunities that exist in bitcoin. If this can be applied as digital money or people now call it digital gold, it will make work very easy. man . What we know is that technology is developing and I am optimistic about this.

[xSkylarx]

I am optimistic about this. The more visible the development of bitcoin today. Not only nobles who have a lot of money, but ordinary people have seen the opportunities that exist in bitcoin. If this can be applied as digital money or people now call it digital gold, it will make work very easy. man . What we know is that technology is developing and I am optimistic about this.

Well, anyone can buy bitcoin, rich or poor, but not everyone can afford it. However, if we're talking about buying it, we don't have to buy it in full; we can buy it in half or less because the price is so high right now. Bitcoin has a bright future and, given its current price, could become the next gold. Because technology is constantly evolving, I am not surprised that it is becoming more popular and that it may soon be used as a payment method.

[xwshamim]

Yes more people is adopting bitcoin day by day its impact on the world is huge now whoever have a wish to earn or increase his investment  goes for bitcoin. Big companies  in the world have also done they same they just keep buying  it

[barbara44]

Investing in bitcoin and using bitcoin as a gold standard are slightly different things. It is one thing when individual citizens are engaged in these investments and how the state treats this, and it is quite another thing when the state can use bitcoin in its reserves on an equal basis or even instead of gold. Here there are a lot of nuances, both the availability of a legislative and regulatory framework, and the readiness of the state structures themselves for this. Nevertheless, the use of gold in the economy is worth many thousands of years and already quite well-developed mechanisms, which can not be said about bitcoin. Therefore, we can talk about investments as much as we want, but the gold standard at this point in time is unlikely to be threatened by anything.

Well, we have few things that are closer to it right now. First of all El Salvador accepts bitcoin as legal tender, which means that they may have bitcoin on their reserves as well since people would be able to pay taxes with it since it is legal tender, that is number one.

Secondly Miami mayor has said many times that they are willing to pay salaries in bitcoin, which requires them to have bitcoin, not really reserves thing but at least it is a government official, and bitcoin in the same sentence.

Thirdly we have many hedge funds and similar places that move from cash to bitcoin for their reserves, makes sense because until they find a better investment idea, they get to keep that in bitcoin as well. So long story short we are talking about a road map here, it is getting there, nations could soon have bitcoin reserves for in their treasury and doesn't look like it is too far away neither.

[iv4n]

Yes more people is adopting bitcoin day by day its impact on the world is huge now whoever have a wish to earn or increase his investment  goes for bitcoin. Big companies  in the world have also done they same they just keep buying  it

Day by day, but still we need to be patient! Big things don't come overnight, so I guess we need a lot more time for full adoption, that will happen eventually, in my humble opinion. I also think that any reasonable prediction for this to happen must be +10 years from now! It's not like it's impossible to happen earlier, at least we in crypto are used to surprises! Bitcoin had many obstacles, and I think we will see bigger ones in the future, maybe organized by more countries and banking institutions! When we survive that Bitcoin will have an easy journey to the top!

[oHnK]

Investing in bitcoin and using bitcoin as a gold standard are slightly different things. It is one thing when individual citizens are engaged in these investments and how the state treats this, and it is quite another thing when the state can use bitcoin in its reserves on an equal basis or even instead of gold. Here there are a lot of nuances, both the availability of a legislative and regulatory framework, and the readiness of the state structures themselves for this. Nevertheless, the use of gold in the economy is worth many thousands of years and already quite well-developed mechanisms, which can not be said about bitcoin. Therefore, we can talk about investments as much as we want, but the gold standard at this point in time is unlikely to be threatened by anything.

Well, we have few things that are closer to it right now. First of all El Salvador accepts bitcoin as legal tender, which means that they may have bitcoin on their reserves as well since people would be able to pay taxes with it since it is legal tender, that is number one.

Secondly Miami mayor has said many times that they are willing to pay salaries in bitcoin, which requires them to have bitcoin, not really reserves thing but at least it is a government official, and bitcoin in the same sentence.

Thirdly we have many hedge funds and similar places that move from cash to bitcoin for their reserves, makes sense because until they find a better investment idea, they get to keep that in bitcoin as well. So long story short we are talking about a road map here, it is getting there, nations could soon have bitcoin reserves for in their treasury and doesn't look like it is too far away neither.

I agree with you, but not all governments in this world will legalize bitcoin because of the ego of each country's government.  They are aware that Bitcoin has a very large opportunity to be a solution to economic conditions that continue to be eroded by inflation.  So that by securing their authority as regulators, they argue that by introducing CBDCs to the public, the attachments are guaranteed to be safer.  There are no underlying assets in each country's currency other than the guarantee of the central bank.  What's the use of collateral if you save without making a profit.

[Qikiye]

The popularity of Bitcoin is growing as a review from that point of view shows that there is nothing equal to Bitcoin. Bitcoin is considered the gold opposite of future generations.

[jaberwock]

Day by day, but still we need to be patient! Big things don't come overnight, so I guess we need a lot more time for full adoption, that will happen eventually, in my humble opinion. I also think that any reasonable prediction for this to happen must be +10 years from now! It's not like it's impossible to happen earlier, at least we in crypto are used to surprises! Bitcoin had many obstacles, and I think we will see bigger ones in the future, maybe organized by more countries and banking institutions! When we survive that Bitcoin will have an easy journey to the top!

In crypto there are times when big things happen overnight. I remember making 10% during my sleep way too many times, literally went to sleep and woke up 10% richer, which is how you become wealthy if you have money, I do not have too much money so my 10% was like 500 bucks but it is still an awesome feeling. I think that banks and governments will not be against crypto all that much, they will see this as arms race and they will want to get their people involved in crypto as much as possible and tax people with crypto and hold as much crypto as possible.

Let's think of USA vs China, right now China is acting like they hate Bitcoin and ban so many things, but if asked to China if they would prefer USA government have 5+ million bitcoins, would they prefer that? I am sure that they would prefer to have that much bitcoin themselves instead of USA. So I believe there will be legit help from governments to push us into crypto more.

[MKings]

Currently, Bitcoin cannot meet the gold standard. There are also fluctuations.
Bitcoin is now just a method of payment or investment.
In the future, when the price of Bitcoin stabilizes, it can replace gold as the new gold standard.

[Spack17]

I don't think that Bitcoin will be able to reach that high level. I mean that it can't be the global currency but we can see it being made legal tender by underdeveloped countries mostly. Because governments of developed countries are already making their digital currencies which are going to be stable rather than a volatile one. Most of the governments of developed countries seem to be against the idea of making Bitcoin their main currency. And I don't think that it will change. We will continue to use Bitcoin as one of the best alternatives in the future.

[blckhawk]

I don't think that Bitcoin will be able to reach that high level. I mean that it can't be the global currency but we can see it being made legal tender by underdeveloped countries mostly. Because governments of developed countries are already making their digital currencies which are going to be stable rather than a volatile one. Most of the governments of developed countries seem to be against the idea of making Bitcoin their main currency. And I don't think that it will change. We will continue to use Bitcoin as one of the best alternatives in the future.

Because bitcoin is beyond that, that's why it won't reach that level and just so many people know, gold standard is an unfair monetary system because it's those that have more gold that wins everytime and there's a reason why it was replaced by Bretton Woods and then Bretton Woods became obsolete. Bitcoin is not the gold standard of the future but it's definitely the future.

[dezoel]

I understand the super hype around bitcoin and I like it too, however that doesn't mean that you should be able to do something that you never really intent to by just judging how crypto will go up. Giving up gold is not something easy for the world, and yes crypto is great but just because crypto is great that doesn't mean that we should all give up gold.

On the other hand, almost every nation is off gold standard right now and will never be able to go back to it since the world is doing horrible right now with the cash injection constantly and how devalued fiat got and that is why I believe that we should not be doing something risky by comparing bitcoin to gold. Bitcoin is fine, it is a good investment, great payment method and a cool currency and that's about it, we do not need to add any responsibilities on it to make it look better.

[Victorycoin]

Most people are turning to bitcoin investments because the value of bitcoin is higher than gold because longterm investment in bitcoin is much more profitable and its value from gold is much higher you can invest in bitcoin now, then there is a possibility of getting a big return in the near future. Needless to say there is a lot of potential for profit in a short period of time bitcoin is highly volatile. Not a very permanent one investors get higher profits for price changes.

[Sir Legend]

I don't think that Bitcoin will be able to reach that high level. I mean that it can't be the global currency but we can see it being made legal tender by underdeveloped countries mostly. Because governments of developed countries are already making their digital currencies which are going to be stable rather than a volatile one. Most of the governments of developed countries seem to be against the idea of making Bitcoin their main currency. And I don't think that it will change. We will continue to use Bitcoin as one of the best alternatives in the future.

When developed countries make digital money of course the most important thing is that it is easier to control, bitcoin is decentralized so countries will refuse, bitcoin can continue to shine because of the strong global community and many big companies that continue to develop bitcoin.

[globalpain]

I don't think that Bitcoin will be able to reach that high level. I mean that it can't be the global currency but we can see it being made legal tender by underdeveloped countries mostly. Because governments of developed countries are already making their digital currencies which are going to be stable rather than a volatile one. Most of the governments of developed countries seem to be against the idea of making Bitcoin their main currency. And I don't think that it will change. We will continue to use Bitcoin as one of the best alternatives in the future.

When developed countries make digital money of course the most important thing is that it is easier to control, bitcoin is decentralized so countries will refuse, bitcoin can continue to shine because of the strong global community and many big companies that continue to develop bitcoin.

When compared to previous years, I think the cryptocurrency community itself is solid,
other than that they are also growing of course and this is a good thing,
I'm optimistic that Bitcoin will develop further in the future and we'll see

[geegaw]

I don't think that Bitcoin will be able to reach that high level. I mean that it can't be the global currency but we can see it being made legal tender by underdeveloped countries mostly. Because governments of developed countries are already making their digital currencies which are going to be stable rather than a volatile one. Most of the governments of developed countries seem to be against the idea of making Bitcoin their main currency. And I don't think that it will change. We will continue to use Bitcoin as one of the best alternatives in the future.

When developed countries make digital money of course the most important thing is that it is easier to control, bitcoin is decentralized so countries will refuse, bitcoin can continue to shine because of the strong global community and many big companies that continue to develop bitcoin.

When compared to previous years, I think the cryptocurrency community itself is solid,
other than that they are also growing of course and this is a good thing,
I'm optimistic that Bitcoin will develop further in the future and we'll see

The previous years were just little sketches for the whole map, erecting solid pillars of ideas about the potential of bitcoin and a new social miracle, as these pillars deepen in ideology as well as form a force in society, bitcoin also naturally becomes a monument to the crypto industry and the online money making system, the future just need to upgrade a few more bricks, new applications will not lack the part of bitcoin. But even more development can't suppress the rules and eliminate government inspection, cannot freely form a standard

[kendedese]

Most people are turning to bitcoin investments because the value of bitcoin is higher than gold because longterm investment in bitcoin is much more profitable and its value from gold is much higher you can invest in bitcoin now, then there is a possibility of getting a big return in the near future. Needless to say there is a lot of potential for profit in a short period of time bitcoin is highly volatile. Not a very permanent one investors get higher profits for price changes.

but of course investment should not only focus on one thing, especially if the investment has a very high risk. after getting the profits not a few people who withdraw their money from bitcoin and invest the money in something more tangible (land or gold).

[ILuckyGuyI]

I don't think that Bitcoin will ever be able to be the global currency in the future. Instead, we will see governments developing their own digital currencies and using them. As they are not going to be volatile, it will be for the benefit of countries also. Most governments don't lean towards making Bitcoin their legal tender because of its high volatility. Bitcoin can be as much valuable as it wants. It won't help about this.

[globalpain]

I don't think that Bitcoin will ever be able to be the global currency in the future. Instead, we will see governments developing their own digital currencies and using them. As they are not going to be volatile, it will be for the benefit of countries also. Most governments don't lean towards making Bitcoin their legal tender because of its high volatility. Bitcoin can be as much valuable as it wants. It won't help about this.

It seems that it is difficult to see Bitcoin can be legalized as a means of payment in every country,
as you said that the high fluctuations that make the government in every country have not legalized,
After all, we won't know what the future development will be, so it's better to just monitor the progress

[jakdanyel]

I believe that there are so many people who are hoping to see Bitcoin becoming the global currency. But I must admit that it seems nearly impossible because of its nature. Governments can think of doing such thing only if they can convert Bitcoin into something they would really like. They can't even think of doing this as long as it stays volatile. They would rather using their digital currencies instead of Bitcoin or any other volatile coin.

[bryant.coleman]

I believe that there are so many people who are hoping to see Bitcoin becoming the global currency. But I must admit that it seems nearly impossible because of its nature. Governments can think of doing such thing only if they can convert Bitcoin into something they would really like. They can't even think of doing this as long as it stays volatile. They would rather using their digital currencies instead of Bitcoin or any other volatile coin.

This is an argument that I have heard a million times ever since I made my first investment with cryptocurrency in 2012. Yes. Bitcoin is more volatile when compared to other currencies. But you need to look at the bigger picture. For the fiat currencies, the purchasing power has been going down with each passing year. And the COVID pandemic and all the stimulus measures have made things worse. The M1 monetary supply for most of the fiat currencies have grown by 100% to 200% during the last 18 months. Compared to that, Bitcoin looks far better.

[Rasa nanas]

I don't think that Bitcoin will be able to reach that high level. I mean that it can't be the global currency but we can see it being made legal tender by underdeveloped countries mostly. Because governments of developed countries are already making their digital currencies which are going to be stable rather than a volatile one. Most of the governments of developed countries seem to be against the idea of making Bitcoin their main currency. And I don't think that it will change. We will continue to use Bitcoin as one of the best alternatives in the future.

When developed countries make digital money of course the most important thing is that it is easier to control, bitcoin is decentralized so countries will refuse, bitcoin can continue to shine because of the strong global community and many big companies that continue to develop bitcoin.

expecting bitcoin to become a global currency is too high of an expectation. Bitcoin's decentralized nature and highly volatile price make that hope impossible to achieve. let bitcoin remain an investment tool that has a growing community around the world.

[Kittygalore]

If we follow what the gold standard system is and just replace gold with another thing, it still won't work because it's still the same principle and remember that gold standard was removed because it's ineffective.

[oHnK]

Compared to that, Bitcoin looks far better.

Prior to 1971, the world monetary system was still using the gold standard so that at that time the economy was still stable because fiat had an underlying asset, namely gold.  But after 1972's, the US betrayed the world by printing dollars without any more gold collateral or I call it government money, causing massive inflation throughout the world to this day.  It can be seen how the current condition of the fiat value continues to decline without any appreciation.  In the 2010s, BTC became one of the most successful public currency representatives to date and proved how appreciative value is.  From the start only 1USD to 45K USD.