Bitcoin is the new gold standard of the future

[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.