Bitcoin surpasses gold

[Alikhaki123]

Scott Malekner, the leading cryptocurrency market trader, believes that the price of Bitcoin "will cross the $1 million over the next 10 to 20 years" and that its market value will surpass the value of the gold market. Of course, Malekner noted that this situation is only possible if the U.S. Stock Exchange authorizes the launch of tradable funds. The move paves the way for institutions and investors to access Bitcoin, and as a result, Bitcoin can leave gold behind, he added.

[DeathAngel]

It won’t be long, bitcoin is so much better than gold in all ways. The only thing good has going for it over bitcoin is longevity. Bitcoin is the future, good is the past.

[BIT-BENDER]

Mr Scott is a speculator, maybe someone like Mr Scott had speculated that gold would cross that mark, but transition happened I don't if we keep seeing Bitcoin as alone a to rise commodity how it would be the financial future, I don't want a bitcoin that would be so high that the future would only be about the rich, further more the price in the next ten years will or not rise to  $1million, which even to Bitcoin in ten years is too high to become, but I think Bitcoin would surpass Gold and further more make it irrelevant to so much people.

[ChiBitCTy]

I think it's important we remember that bitcoin and gold are not the same things.  The whole bitcoin vs gold argument has been kind of frustrating for me to see ever since I found out about bitcoin. Gold is used for physical items, jewelry, wires, car parts etc..so there are plenty of real world cases with gold.  I'm not saying this post is saying otherwise, more so just pointing it out.  But bitcoin certainly is hurting golds upside, that is a fact.

[songchunlai]

Gold is a precious decoration. But Bitcoin is easier to flow.

[The Cryptovator]

Ever I don't want to compare Bitcoin with Gold. The current Gold market cap is $11.323 T and Bitcoin's current market cap is $859.9 B. So here is a big difference. It's because Gold is a natural asset and Bitcoin is a decentralized cryptocurrency. I know anything could happen in these 20 years, but a $1 million Bitcoin price would be hard. Who knows if we discover something new better than Bitcoin? Technically Bitcoin will exist forever, but if the community start to move on to any other things then Bitcoin would fall. As a Bitcoin lover, I love to see Bitcoin's existence forever. But no one can assure about the price and market cap.

[DdmrDdmr]

<…>

The title of the thread is misleading, as it states the sorpasso as a fact and done deal, whilst the comment is really a speculative thought, that we may or may not see (the timeframe is ample enough for quite a bunch of us not being around any more, and the prediction is just that – a prediction).

Additionally, it’s Scott Melker.

[Ararbermas]

That time will come to bitcoin but it takes too long because crypto market is so volatile and unlike stocks market whrein very stable, perhaps if there no manipulators in crypto market maybe it already happened or the value is now ahead in gold since bitcoin growth rate always skyrocketed to make all time high values especially if it's bullish season. But the fact that when it keep climbing there's always a chance for it to plunges so dip because of whales in the market and its makes bitcoin very slow to be honest . But yes it will happen very very soon in the future just keep believing in bitcoin, indeed there's no impossible on the crypto space so just keep waiting for it to happen.

[huu78]

I totally agree. If the US really does it btc will be above gold. And as we know gold is a high-level inflation protector, if investors leave gold and switch to btc does the dollar exchange rate change? if Yes, this will not be agreed upon by the US.

[bL4nkcode]

This is mere speculation but there are tendecies this speculation will be accurate.

50-50 chance, but bitcoin has big potential since it always broke it's records ATH after ATH. Bitcoin at +$60k becomes the 2nd top assets by market cap and the 1st is still gold. It's base here btw - https://companiesmarketcap.com/assets-by-market-cap

[Ryker1]

This is mere speculation but there are tendecies this speculation will be accurate.

50-50 chance, but bitcoin has big potential since it always broke it's records ATH after ATH. Bitcoin at +$60k becomes the 2nd top assets by market cap and the 1st is still gold. It's base here btw - https://companiesmarketcap.com/assets-by-market-cap

^ Well it could be but there is a high potential that the prediction will perhaps near happen. This has been always discussed here and done comparing both valuable assets --the bitcoin and gold. It is obvious gold is far behind bitcoin, the fixed limited supply of bitcoin in the first place will answer you if what if the mass adoption will still increase. Then for sure, the price of bitcoin will be hard to accumulate if this becomes expensive. But there is nothing wrong if you will hold both these two valuable assets.

[Jating]

Scott Malekner, the leading cryptocurrency market trader, believes that the price of Bitcoin "will cross the $1 million over the next 10 to 20 years" and that its market value will surpass the value of the gold market. Of course, Malekner noted that this situation is only possible if the U.S. Stock Exchange authorizes the launch of tradable funds. The move paves the way for institutions and investors to access Bitcoin, and as a result, Bitcoin can leave gold behind, he added.

You just have to look as to who is Scott Malekner and obviously, he has incentives to tell us that bitcoin price will go to $1 million, he is after all a crypto trader.

As for the comparison, we don't need that, let the bitcoin market flows into its natural course. If it became $1 million in the future so be it. But one things for sure, bitcoin has already attracted a lot of investors and it's just a matter of time before we can breach all time highs in the 6 or 7 digit levels.

[Haunebu]

Another BTC vs Gold thread? BTC is superior to gold etc as an investment asset, but gold and other popular currencies are superior as payment methods. This is a fact and I don't think any of this will change anytime soon.

Also, his speculation about BTC crossing a million bucks over the next 10-20 years is just a wild speculation at the end of the day.

[kawetsriyanto]

for now we do not dare to think so because with the prohibition of bitcoin from various countries so that we have not been able to equate bitcoin with gold in general

Why not? Nothing wrong with predicting or assuming "Bitcoin can surpass Gold". Even some countries ban or prohibit Bitcoin, it cannot stop Bitcoin to develop. In the next 10 to 20 years, I am sure that the Bitcoin value can improve much higher than the current price. Moreover, if Bitcoin adoption continues well around the world. Then, we may see Bitcoin be the most recommended asset in the future. In this time, Gold will be left behind.  

[pooya87]

Scott Malekner, the leading cryptocurrency market trader,

In other words some random dude which nobody cares about.

believes that the price of Bitcoin "will cross the $1 million over the next 10 to 20 years"

Repeating one of the oldest price predictions...

and that its market value will surpass the value of the gold market.

Bitcoin has to reach around $500k in the next 10-20 years to surpass Gold market capitalization. Which by the way means nothing.

Of course, Malekner noted that this situation is only possible if the U.S. Stock Exchange authorizes the launch of tradable funds.

This is nonsense because for starters bitcoin has been going up millions of percentage without any of that and in the future the continuation of this rise doesn't need it either. Secondly believe it or not there is an entire world beyond US with 7.3 billion people in it.

[MIldic1c]

I personally think that Bitcoin's value transfer and value preservation properties have advantages over gold. Currency as a technological product is constantly evolving, from paper money to electronic products. Now the Internet and blockchain technology have brought us into the digital age, especially now that young investors prefer this field, prefer this kind of convenience and security, so I think it’s only a matter of time before the market value of Bitcoin surpasses gold，and the time will not be very long, in the expected time.

[Ryder Kudrow]

As the king of cryptocurrency, bitcoin has brought the era of digital economy as well as the era of blockchain technology. Bitcoin has also brought a comprehensive innovation in the traditional currency industry. It is an important symbol of the evolution of currency from physical to digital. Bitcoin will occupy an important position, which also provides important support for the value.
With the development of the blockchain, the consensus of Bitcoin has been continuously strengthened. Many people have realized the benefits and innovation of Bitcoin, and the value of Bitcoin has been recognized and recognized by more people. The value and characteristics of Bitcoin itself also have its ideas and consensus，it has sufficient conditions to become an important asset reserve in the digital economy.

[DarkIT]

As the king of cryptocurrency, bitcoin has brought the era of digital economy as well as the era of blockchain technology. Bitcoin has also brought a comprehensive innovation in the traditional currency industry. It is an important symbol of the evolution of currency from physical to digital. Bitcoin will occupy an important position, which also provides important support for the value.
With the development of the blockchain, the consensus of Bitcoin has been continuously strengthened. Many people have realized the benefits and innovation of Bitcoin, and the value of Bitcoin has been recognized and recognized by more people. The value and characteristics of Bitcoin itself also have its ideas and consensus，it has sufficient conditions to become an important asset reserve in the digital economy.

Bitcoin had a different view in traders as compared to others. Both experience and new traders will buy and sell bitcoin. But the capacity or quantity of bitcoin vary. And the profit percentage is very simple. It's depond the market and not by the individual. The holders of bitcoin should old till the price pump in market.

[vania vin]

In my opinion bitcoin is digital gold, currently bitcoin is getting more and more in demand and many people believe that bitcoin investment is much more profitable than gold investment, but it must also be remembered that there are many risks that must be borne as well.

[Mr.sprin]

gold is very good in investing in the long term as well as bitcoin is very good in investing in the long term but what distinguishes gold and bitcoin is that the price of gold is stable and the price increase or decrease is not drastic in minutes but if bitcoin in seconds the price can change So if you invest in bitcoin, the risk is big and the profit is big.