Why Bitcoin must surpass gold

[Z-tight]

One big reason to support my narrative and that is Bitcoin is not available physically as gold and Bitcoin is not that easy to buy & store like gold.

BTC is not a physical coin, but it is easy to buy, you either buy it in an exchange or in person if you know someone who is ready to sell BTC to you. As for storage, i think it is Gold that has the problem of storage and not BTC, it is not easy to carry gold bars around or to store it in your home, but you can store your wallet file that has your private keys in your device or in a hardware wallet, and you can write your seed phrase on paper and back it up easily in your home, it makes it easier to store BTC or to move it around without too many problems.

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[Texac]

Bitcoin will beat gold, time will tell.

If Bitcoin and gold exist in the same time, Bitcoin price would be very high compared to gold because there are many features you can only find in Bitcoin, but not in gold.

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.

You don't have to buy a physical gold to own gold, you have a choice to buy a digital gold in a trusted site. The risk is high if you have a digital gold because you're relying in centralization.

If you say, that timing says it all, then we shouldn't try to add comparisons in favor of bitcoin and try to downplay gold.  i also believe in the bright future of bitcoin, but whether it will surpass gold or not, time will tell for the best.  it all depends on human need because if something is good, but demand for it does not increase, its value will never increase. bitcoin surpassing gold or vice versa completely depends on users' needs, not just our words.

[PeRo]

snip

People like to compare bitcoin to gold because gold is still the most trusted and valuable asset. By comparing bitcoin with the most precious metal and highlighting the advantages that bitcoin has that gold does not have. From there, they argue that bitcoin is the best and surpasses all other assets. It is to say, this comparison usually comes from bitcoin maximalists as they always want bitcoin to be number 1 and prove that they are right.

People always have theories about bitcoin surpassing gold, but so far, I see that the demand for gold is still huge, and its market cap is 10 times larger than bitcoin.

I totally agree with you! I guess people want Bitcoin to be the strongest asset, but it is a question if it can really get to that level as it is a much younger asset and market. I rather like to be realistic than pushing Bitcoin to the stars.

The Bitcoin community is full of those theories and speculations but the reality is what we can already see and what the market shows - as you've said. Yet again, who knows what the future holds, it's definitely too early to say.

[Sayeds56]

It's silly to even compare gold and bitcoin. This is not just different financial assets, but completely opposite in their characteristics and properties. The only thing they have in common is the high price.
In general, bitcoin will not be able to surpass gold. Gold is an eternal value and it looks like it will be so for a very long time. In addition, it is no secret that states do not have a very favorable attitude towards cryptocurrency and its circulation largely depends on the position of states and their regulation of circulation in society.

It is true that God and Bitcoin are indeed different assets with distinct characteristic, but it is not accurate to say that they are completely opposite. Both are considered store of value and alternative form of investment, however they posses fundamental differences, such as Gold is a relatively stable asset with history of widespread adoption since centuries. Whereas, Bitcoin is relatively new asset with extreme volatile characteristic and its adoption is in progress.

Understanding these differences is important while considering them as stores of value for investment purpose.

[Tony116]

snip

People like to compare bitcoin to gold because gold is still the most trusted and valuable asset. By comparing bitcoin with the most precious metal and highlighting the advantages that bitcoin has that gold does not have. From there, they argue that bitcoin is the best and surpasses all other assets. It is to say, this comparison usually comes from bitcoin maximalists as they always want bitcoin to be number 1 and prove that they are right.

People always have theories about bitcoin surpassing gold, but so far, I see that the demand for gold is still huge, and its market cap is 10 times larger than bitcoin.

I totally agree with you! I guess people want Bitcoin to be the strongest asset, but it is a question if it can really get to that level as it is a much younger asset and market. I rather like to be realistic than pushing Bitcoin to the stars.

The Bitcoin community is full of those theories and speculations but the reality is what we can already see and what the market shows - as you've said. Yet again, who knows what the future holds, it's definitely too early to say.

Me too, I love and support bitcoin, even I hold many bitcoin and not too much gold. But I prefer reality to illusion, living in illusion is of no benefit to me. I just want to remind everyone that we are here to make money and take care of our lives, whether we invest in gold or bitcoin, the goal is profit, we should focus on our goal rather than trying to prove that we are always right and ignoring reality.
Indeed, bitcoin is still very young and still has a long way to go. Whether Bitcoin can surpass gold, whether it can become the largest and most valuable asset, time will tell.

[OcTradism]

Me too, I love and support bitcoin, even I hold many bitcoin and not too much gold. But I prefer reality to illusion, living in illusion is of no benefit to me.

When we lose our realistic and logical thinking, we will more likely make bad decision. Overwhelmingly believe in Bitcoin as it will be a world currency, surpass gold ... will we sell all things we have such as our homes to invest all in Bitcoin?

I just want to remind everyone that we are here to make money and take care of our lives, whether we invest in gold or bitcoin, the goal is profit, we should focus on our goal rather than trying to prove that we are always right and ignoring reality.
Indeed, bitcoin is still very young and still has a long way to go. Whether Bitcoin can surpass gold, whether it can become the largest and most valuable asset, time will tell.

Bitcoin can grow more or can die, we can not be sure about its future. Even it grows more, not die, we still can lose our money from our sides. Like store our bitcoins on centralized exchanges, make a mistake in one big transaction, devices get hacked ...

Must be always realistic and careful about risk.

It is true that God and Bitcoin are indeed different assets with distinct characteristic, but it is not accurate to say that they are completely opposite. Both are considered store of value and alternative form of investment, however they posses fundamental differences, such as Gold is a relatively stable asset with history of widespread adoption since centuries. Whereas, Bitcoin is relatively new asset with extreme volatile characteristic and its adoption is in progress.

Understanding these differences is important while considering them as stores of value for investment purpose.

We can use Bitcoin and Gold for many usages not only as store of value. With centuries in Gold history, we can say that Gold will not die but with Bitcoin, we must be more careful. I think we can say the same for Bitcoin, Bitcoin will not die. But Bitcoin has more risk than Gold, to die because it is younger and will be affected more by governments and their policies.

[posi]

Honestly, I don't believe bitcoin will overtake gold anytime soon, it's almost impossible, no matter how we say it, and that's the reality we need to accept. We should stop comparing the two to brag about the advantages of bitcoin and say it surpasses gold. Let's take a look at the ongoing reality that gold is still the most sought after and valuable asset while bitcoin is too young to be trusted by all. Looking at people's needs, we can see what people need more and are valued more.

[thecodebear]

Well yeah obviously Bitcoin will surpass Gold. I don't think anyone who understands Bitcoin would ever question that. It's just a matter of time. With the 4 year market cycles, Bitcoin should surpass Gold likely in 2032/33. Then of course it'll crash back below Gold, but by the end of the 2030's it will very likely have permanently surpassed Gold's market value, and continue putting distance between itself and Gold.

It's natural to compare the two, because because is known as digital gold, and as a currency it is much more like Gold than any modern fiat currency. Also Gold is the most valuable single asset on earth and Bitcoin will surpass Gold so that makes it a good comparison - to talk about how long until Bitcoin becomes the most valuable single asset on earth.

[nur rochid]

Honestly, I don't believe bitcoin will overtake gold anytime soon, it's almost impossible, no matter how we say it, and that's the reality we need to accept. We should stop comparing the two to brag about the advantages of bitcoin and say it surpasses gold. Let's take a look at the ongoing reality that gold is still the most sought after and valuable asset while bitcoin is too young to be trusted by all. Looking at people's needs, we can see what people need more and are valued more.

gold has won the trust of everyone around the world, so I think gold will still be the first choice in investing, even though its nature only protects fiat currency from inflation. it's different with bitcoin which can increase many times, but can also decrease many times. this is because only a few people in the world trust bitcoin, giving rise to higher fluctuations. but indeed investing in bitcoin can achieve greater profits than gold, as long as we understand about bitcoin

[posi]

Honestly, I don't believe bitcoin will overtake gold anytime soon, it's almost impossible, no matter how we say it, and that's the reality we need to accept. We should stop comparing the two to brag about the advantages of bitcoin and say it surpasses gold. Let's take a look at the ongoing reality that gold is still the most sought after and valuable asset while bitcoin is too young to be trusted by all. Looking at people's needs, we can see what people need more and are valued more.

gold has won the trust of everyone around the world, so I think gold will still be the first choice in investing, even though its nature only protects fiat currency from inflation. it's different with bitcoin which can increase many times, but can also decrease many times. this is because only a few people in the world trust bitcoin, giving rise to higher fluctuations. but indeed investing in bitcoin can achieve greater profits than gold, as long as we understand about bitcoin

When it comes to investing, it is sure that bitcoin can be more profitable than gold because gold is really not that volatile. But everything is proportional, a high return comes with high risk, and no asset can give a high return without risk. Those who say bitcoin is both safe and profitable are stubborn and blind. To be fair, gold has been a safe haven, while most people only see bitcoin as a speculative investment. People's confidence in bitcoin is still not so great and cannot be compared with gold, and that is why whenever there is negative news, bitcoin is always volatile and dumping.

[Blitzboy]

Well yeah obviously Bitcoin will surpass Gold. I don't think anyone who understands Bitcoin would ever question that. It's just a matter of time. With the 4 year market cycles, Bitcoin should surpass Gold likely in 2032/33. Then of course it'll crash back below Gold, but by the end of the 2030's it will very likely have permanently surpassed Gold's market value, and continue putting distance between itself and Gold.

It's natural to compare the two, because because is known as digital gold, and as a currency it is much more like Gold than any modern fiat currency. Also Gold is the most valuable single asset on earth and Bitcoin will surpass Gold so that makes it a good comparison - to talk about how long until Bitcoin becomes the most valuable single asset on earth.

Bitcoin's "Digital Gold" label is appropriate, at least somewhat. just remember, Gold has outlasted the rise and fall of numerous civilizations, whereas Bitcoin is just a youngster in the history of the financial markets. Teenagers are known for their... well, unpredictability. Your 2032/33 prognosis is quite accurate, but the financial world is notoriously unpredictable. If the global economy were to suffer a little cold, that schedule would be thrown off.

Bitcoin, the single most valuable asset in the world? The only limit is your own imagination. But lets put on our sunglasses of caution as we gaze into the future. After all, Bitcoin (or Gold) isnt the only thing that shines.

[Sexylizzy2813]

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

It can only happen if Bitcoin becomes the standard currency to trade within the future, which we all know will take a very long time to happen, then it will surpass gold. But if not so I'd say not yet because Bitcoin is a currency that has not yet stood the test of time (as in stood it's ground across the globe) and it's just used as currency by certain people, meaning that it's not accepted world wide and for it to surpass gold it has to be accepted first before that can happen.

[Magic-Money]

Bitcoin has it own function and usage, like wise Gold has it on function, and Bitcoin operation is far difference from Gold, comparing the both, no make any sense, because of the assets are quite difference to compare. Therefore is better to invest what you have the knowledge of, or go for knowledge and know more about Bitcoin and Gold, so that you can differentiate the but sides and how it works.