Bitcoin is the new gold standard of the future

[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.

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[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.