Why Bitcoin must surpass gold

[atuzai660619]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

[hatshepsut93]

Bitcoin is a non-credit currency ten times stronger than gold.

Why Bitcoin is 10 times stronger, why exactly 10 times and not 100 times, and in what sense it is stronger?

Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin.

Bitcoin is not perfect, nothing is. In some ways gold is better than Bitcoin and will always be. Gold doesn't depend on software, on computer networks, on cryptography, gold can't be stolen by malware, gold will not be useless during blackout.

[Wend]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

I don't know if what you say is true and what the future of bitcoin will be. But as of now, the capitalization of gold is 20 times that of bitcoin so it is definitely safer than bitcoin. Moreover, why does bitcoin surpass gold? While both are different, one is a physical asset, and the other is a digital asset. And both also have different use cases. Bitcoin doesn't need to surpass anyone to prove anything, given what it has and gives us, suffice it to say it's amazing.

[Onyeeze]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

What do you mean by non credit in bitcoin, the only thing of bitcoin is that Bitcoin is digital currency that operates digital and it's a virtual currency, secondly bitcoin can not be controlled by the government like the way they  controlled a flat currency that only thing I know that is higher gold, gold is a tradeable currency that has been use for a long time so I believe that both have different role to play

[SquirrelJulietGarden]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold.

Prove it please. Ten times stronger than gold is a too arbitrary conclusion.

So unless Bitcoin is replaced. Otherwise he must surpass gold.

Non sense. Like altcoins, they are here, survive, except dead altcoins, but lively altcoins don't surpass Bitcoin.

Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

Again, I disagree with your logic.

The bullish case for Bitcoin. This article from Vijay can help you to understand Bitcoin better and believe in it more but it can help you to stop your baseless opinion like above.

[Husires]

Bitcoin against gold is one of the topics that have been analytically discussed for several years, and perhaps the topic that is being discussed has been repeated here since 2013, so if so, you will find more details instead of guesses like 10 times better.

What makes Bitcoin and gold valuable is that most of the supply is available in distributors that have the right to add it to the market or withdraw it. all the gold in the hands of people and central banks is greater than the gold that is produced, and therefore the user is the one who controls the price of the currency. The same applies to Bitcoin. The number of bitcoin that will be mined is less than the bitcoin currently in existence, and then it is the users who will give the price a value if the demand increases. Increased demand is what will determine the future direction of Bitcoin just as it did for gold.

[bussybuddy]

Bitcoin and gold both have value to hold and grow in value because of their scarcity, however, Bitcoin has advantages that gold does not. Bitcoin is completely credit-free and is managed through blockchain technology, which makes it difficult to be controlled by governments or financial institutions. Bitcoin is very convenient for online transactions and often has faster and cheaper transactions than traditional payment methods.

The comparison between Bitcoin and gold to determine the average value in the future is quite difficult. Factors such as price movements, global economic conditions, new projects and technologies can affect the value of both assets. With its advantages, it is not unrealistic for Bitcoin to surpass gold in the near future, but cannot be underestimated nor easily derided. And OP also needs to review his own evidence, it just seems to be imaginary.

[crypticj]

It's hard to say right now how it's gonna turn up.

Right now, it seems like BTC won't surpass gold because it's fluctuating too much. And I think it's connected with the fact that people trade it like an asset very actively. So right now I don't see how bitcoin will reach the stability needed for surpassing gold.

I think silver will surpass gold faster than BTC at this point because demand for it is rising every year.

[BenCodie]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!

[landheer]

bitcoin of course definitely surpasses gold, because bitcoin has a limited supply of 21000000, while the supply of gold is very lots.

but both also have advantages and disadvantages. if bitcoin is the drawback, it could potentially drop in price because btc has a fluctuating nature.

but if gold doesn't have a high risk but the profits our get from gold are not as big as those our get from BTC investments.
and also some people say that gold is only a store of value.

[LittleBitFunny]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!

Yes, bitcoin solves some of the limitations of gold such as being easier to store and transport, in addition, bitcoin can also be used for ultra-fast cross-border payments, which no other asset can do. But that doesn't mean it will overtake the gold market because gold offers many other benefits that bitcoin doesn't, such as jewelry use, and is gold's biggest advantage by far. The future is unpredictable, and right now, bitcoin is not yet comparable to gold when there is such a big difference in capitalization.

[mindrust]

Bitcoin is not perfect, nothing is. In some ways gold is better than Bitcoin and will always be. Gold doesn't depend on software, on computer networks, on cryptography, gold can't be stolen by malware, gold will not be useless during blackout.

These are actually valid arguments. Bitcoin is man-made and like anything that was made by men, it may or may not fail. I know it is ultimately based on math but look at the latest Ordinals/NFT stuff happened... the network was already crowded enough and NFT's made it even worse. What makes you think that the next update won't break bitcoin for good? We can't know that. No matter how many hours you test the software before the launch, there is still a chance that you will find a bug later on...

Every new update makes bitcoin more complicated and more prone to the new attack vectors. Segwit was cool but now the btc network is starting to look like a total mess.

Gold on the other hand has been running the same software (which is physics) since day 0. Never had an update because it never needed any. I think that's a big achievement over crypto.

If God had made Bitcoin, he would have made it so perfect that it wouldn't need any updates in the future...

[BenCodie]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!

Yes, bitcoin solves some of the limitations of gold such as being easier to store and transport, in addition, bitcoin can also be used for ultra-fast cross-border payments, which no other asset can do. But that doesn't mean it will overtake the gold market because gold offers many other benefits that bitcoin doesn't, such as jewelry use, and is gold's biggest advantage by far. The future is unpredictable, and right now, bitcoin is not yet comparable to gold when there is such a big difference in capitalization.

I don't think that Jewelry is a use-case, I think that's just a way for those who are holding a lot of gold to be able to create a product that is worth a lot more than the actual gold itself. This is the same story as diamonds. It's not a real use-case that drives value, it is just a way for those who hold a lot of the supply to liquidate what they own.

Other than distribution methods, like jewelry, which provides more volume/trade for gold or maybe some demand, do you have any other use-case or economic benefit in mind for gold that Bitcoin doesn't?

[Iranus]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!

Yes, bitcoin solves some of the limitations of gold such as being easier to store and transport, in addition, bitcoin can also be used for ultra-fast cross-border payments, which no other asset can do. But that doesn't mean it will overtake the gold market because gold offers many other benefits that bitcoin doesn't, such as jewelry use, and is gold's biggest advantage by far. The future is unpredictable, and right now, bitcoin is not yet comparable to gold when there is such a big difference in capitalization.

I don't think that Jewelry is a use-case, I think that's just a way for those who are holding a lot of gold to be able to create a product that is worth a lot more than the actual gold itself. This is the same story as diamonds. It's not a real use-case that drives value, it is just a way for those who hold a lot of the supply to liquidate what they own.

Other than distribution methods, like jewelry, which provides more volume/trade for gold or maybe some demand, do you have any other use-case or economic benefit in mind for gold that Bitcoin doesn't?

I have a question? If bitcoin is really better than gold in every way, then why hasn't bitcoin been able to surpass gold so far? Most countries already know about bitcoin, but why, in this time of crisis, is gold still the most sought after asset to add to countries' budgets but not bitcoin?
Just looking at what's going on, it's easy to see that gold is still considered the most valuable and sought-after asset. Although in comparison, we must admit that bitcoin is superior to gold in some, but not all, bitcoin is not perfect in all respects.

[Yatsan]

There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold

That's right...not to mention its use-case. Gold thrives on its scarcity, limited supply and certain physical properties that supersede other metals, and it will also thrive at the time that worthless paper money meets its propelled demise. Draw-backs include storage, transfer of ownership, and availability to purchase/sell. Bitcoin solves what gold lacks in, so I agree with you strongly that Bitcoin will surpass the market cap of gold.

I've said before in another thread, one day the main pair of bitcoin will be against the value of gold, instead of the value of the dollar or other fiat currencies. Alongside the pair of UM (Universal Money) which will probably supersede all fiat (at least in the west) and BRICS (if this actually comes to fruition) over the next 2 - 5 years.

Interesting times!

Yes, bitcoin solves some of the limitations of gold such as being easier to store and transport, in addition, bitcoin can also be used for ultra-fast cross-border payments, which no other asset can do. But that doesn't mean it will overtake the gold market because gold offers many other benefits that bitcoin doesn't, such as jewelry use, and is gold's biggest advantage by far. The future is unpredictable, and right now, bitcoin is not yet comparable to gold when there is such a big difference in capitalization.

I don't think that Jewelry is a use-case, I think that's just a way for those who are holding a lot of gold to be able to create a product that is worth a lot more than the actual gold itself. This is the same story as diamonds. It's not a real use-case that drives value, it is just a way for those who hold a lot of the supply to liquidate what they own.

Other than distribution methods, like jewelry, which provides more volume/trade for gold or maybe some demand, do you have any other use-case or economic benefit in mind for gold that Bitcoin doesn't?

I have a question? If bitcoin is really better than gold in every way, then why hasn't bitcoin been able to surpass gold so far? Most countries already know about bitcoin, but why, in this time of crisis, is gold still the most sought after asset to add to countries' budgets but not bitcoin?
Just looking at what's going on, it's easy to see that gold is still considered the most valuable and sought-after asset. Although in comparison, we must admit that bitcoin is superior to gold in some, but not all, bitcoin is not perfect in all respects.

Simply because gold is different from Bitcoin, as we all know. They have different utility and not to mention global acceptance. Bitcoin has a more volatile and higher market value but that's not enough. I do also view that Bitcoin do not need to surpass gold because of these differences; it just needs to be as is. Bitcoin is really a profitable asset but is it enough criteria to make it the greatest? It has its pros and cons just like other investments but we should keep in mind that it is still a currency that should be used in transactions. It happened that at the present it is more often viewed as something which is just profitable.

[pooya87]

I never liked comparing bitcoin with anything else including gold. They are just two completely different categories like comparing apples and oranges. For starters bitcoin is a currency (potentially money) but gold is not, it is purely an asset and a physical one at that. And most importantly 13-14 year old bitcoin is an infant compared to gold that has been around for ages. At least another decade has to pass before bitcoin is reaching a considerable amount of adoption to be a gold level "asset".

[Gozie51]

The two asset mentioned represent different phenomenon for different class of people. Gold is better preferred by the aged and the affluent class and so for them they will analyze gold to be more valuable, it represents royalty, it represents riches, they can have it to decorate all that pertains to them.

The other class is the mass population of people that feels they are the new generation that want to get away from the government, like to be liberated financially without been monitored or manipulated. The youths and the internet savvy, they prefer bitcoin because they can access bitcoin with just a little amount of money and with prospect to hodl and grow it. Therefore, it is of variance on what attributes ascribed to both. The old find it difficult with the internet while the youth value the internet as the new age where they can access every aspect of life including digital currency trading from their homes.

[Crypt0Gore]

I know you are not ready to hear this but Gold is way better than Bitcoin, the advantages of Gold is higher and I don't see much disadvantages unlike Bitcoin.

1. Gold is welcome by everything and everyone, no centralized shit or fight over control.

2. Gold works without grid power and the internet, but not Bitcoin.

Gold is different from Bitcoin and they shouldn't be compared, Bitcoin is digital currency for the internet users but Gold is not.

[kryptqnick]

You're saying Bitcoin is a currency while comparing it to gold, but gold isn't a currency in contemporary world, not really. Also, the 'ten times stronger' part seems arbitrary. What is it based on? The price per something, marker capitalization, growth...? None seem to fit.
Furthermore, what do you mean when you say 'non-credit', again while comparing it to gold? Is gold somehow credit(loan?)-based?
Finally, surpass gold in which regard? The number of people who have any amount of it? The number of people who consider it as investment? Total value?

[Rupok]

Gold price rises through a limited tendency.  For example gold will not give you double profit in very short time.  But Bitcoin is one thing that can give you double profit in very short time.But both have advantages as well as disadvantages in different aspects.  Just like bitcoin will give you good profit as well as risk, but gold will give you small profit and no risk.If someone wants to get rich in short time then bitcoin is for him, but by investing in gold you cannot get rich in short time and bitcoin is very convenient fast and cheap transaction for online transactions.