Bitcoin is the new gold standard of the future

[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.