Can Bitcoin surpass Gold?

[Wind_FURY]

I think that would take a really long time before it happens. Most governments believe in gold and use the metal as their reserve currency if I'm right. The US, the Germans, the British, the Japanese governments and most others love to back their economies with gold.

NO they DON'T. Their economies are backed by the MONEY-PRINTER, and the Federal Reserve's MONEY-PRINTER is the BIGGEST of them all.

Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology. 
 

"May change"? It WILL change, and the nation-states will never admit it, but in the next ten years, nation-states will sell Gold to purchase Bitcoin.

[nullama]

I think that would take a really long time before it happens. Most governments believe in gold and use the metal as their reserve currency if I'm right. The US, the Germans, the British, the Japanese governments and most others love to back their economies with gold. Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology.  

an interesting case is Norway, which is one of the richest countries on Earth, and they decided not to store their wealth in gold.

And recently, one of their big companies started a branch company that only works with Bitcoin.

Bitcoin is our treasury asset. Our first purchase was 1,170 BTC and our strategy is to hodl.

You can read the shareholder letter from here: https://www.seetee.io/blog/2021-03-08-shareholder-letter/

[Just Say]

people have been very attracted to gold. It was valuable and still existed, but if we consider advantages in the current world, then we will put Bitcoin ahead of gold. The price of gold increases very slowly, whereas Bitcoin has the ability to increase much more than it in a short period of time. Moreover, there is no limitation in the price of gold, where if new minerals are found, the amount of gold will increase.

Yes, people are very attracted to this valuable resource long ago and their attitude remains at the same level even today. We often see a huge difference between the price of Bitcoin and gold rising perhaps that is advantageous for us because there is a greater potential for profit from Bitcoin. Everyone know that the supply of Bitcoin is limited on the other hand, gold is a much more valuable asset to everyone. So at this point it seems that Bitcoin will be able to overcome gold in the near future but in the present situation it may not be possible. We can compare this company's market cap to see that Gold is still far ahead because its market cap is still much higher.

https://companiesmarketcap.com/assets-by-market-cap/#google_vignette

[AsvXrin]

people have been very attracted to gold. It was valuable and still existed, but if we consider advantages in the current world, then we will put Bitcoin ahead of gold. The price of gold increases very slowly, whereas Bitcoin has the ability to increase much more than it in a short period of time. Moreover, there is no limitation in the price of gold, where if new minerals are found, the amount of gold will increase.

Yes, people are very attracted to this valuable resource long ago and their attitude remains at the same level even today. We often see a huge difference between the price of Bitcoin and gold rising perhaps that is advantageous for us because there is a greater potential for profit from Bitcoin. We all know that the supply of Bitcoin is limited On the other hand, gold is a much more valuable asset to everyone. So at this point it seems that Bitcoin will be able to overcome gold in the near future but in the present situation it may not be possible. We can compare this company's market cap to see that Gold is still far ahead because its market cap is still much higher.

https://companiesmarketcap.com/assets-by-market-cap/#google_vignette

I've been really caught up thinking about bitcoin these days, its limited supply and those crazy fast price jumps get me so hyped! It's no wonder people keep comparing it to gold. But then I look at gold and I'm like, it's still that solid, go to choice that everyone feels good about. It's got a massive market cap and it doesn't have the wild ups and downs that bitcoin does, which can be a bit nerve wracking with all the volatility and regulatory stuff still up in the air. I do wonder if bitcoin might outshine gold one day but right now, gold feels safer for most folks. Honestly, I think spreading out investments between the two might be the smartest move, depending on how much risk I'm willing to take and what I want down the road.

[FortuneFollower]

I think that would take a really long time before it happens. Most governments believe in gold and use the metal as their reserve currency if I'm right. The US, the Germans, the British, the Japanese governments and most others love to back their economies with gold. Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology.  

an interesting case is Norway, which is one of the richest countries on Earth, and they decided not to store their wealth in gold.

And recently, one of their big companies started a branch company that only works with Bitcoin.

Bitcoin is our treasury asset. Our first purchase was 1,170 BTC and our strategy is to hodl.

You can read the shareholder letter from here: https://www.seetee.io/blog/2021-03-08-shareholder-letter/

Great to see them progressively thinking about the current situation and taking action toward becoming a country that encourages BTC, rather than putting lots of stop signs for such actions.

[Iranus]

Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology. 
 

"May change"? It WILL change, and the nation-states will never admit it, but in the next ten years, nation-states will sell Gold to purchase Bitcoin.

I won't predict the future (10 years or 20 years) because that is beyond our ability but with what is happening now, I am pretty sure that it will not happen in the near future.

For countries, holding gold is a backup plan for the economy in case of a major crisis and gold has been recognized as the world's safest haven for thousands of years. Meanwhile, bitcoin has not escaped the label of a speculative asset and is often dumped whenever the economy is in turmoil. And what governments are looking for is a safe haven rather than a speculative asset. How can the government sell gold to buy bitcoin?

The goals of retail investors and central banks are not the same, they do not need a volatile asset, we should accept that fact.

[fikrett]

Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology. 
 

"May change"? It WILL change, and the nation-states will never admit it, but in the next ten years, nation-states will sell Gold to purchase Bitcoin.

I won't predict the future (10 years or 20 years) because that is beyond our ability but with what is happening now, I am pretty sure that it will not happen in the near future.

For countries, holding gold is a backup plan for the economy in case of a major crisis and gold has been recognized as the world's safest haven for thousands of years. Meanwhile, bitcoin has not escaped the label of a speculative asset and is often dumped whenever the economy is in turmoil. And what governments are looking for is a safe haven rather than a speculative asset. How can the government sell gold to buy bitcoin?

The goals of retail investors and central banks are not the same, they do not need a volatile asset, we should accept that fact.

Gold for instability, BTC - when it turns out to become the confidence.

Ying and yang of both worlds.

[Kindness001]

I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold?
 Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.

 I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge  increase in price  to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
  Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

Bitcoin will surely in the future surpasses gold or has already surpasses gold already with the way things are going because
1. Bitcoin is safer to keep than gold
2. More tradable
3. More accessable
4. Less risk than gold

[Abiky]

I won't predict the future (10 years or 20 years) because that is beyond our ability but with what is happening now, I am pretty sure that it will not happen in the near future.

For countries, holding gold is a backup plan for the economy in case of a major crisis and gold has been recognized as the world's safest haven for thousands of years. Meanwhile, bitcoin has not escaped the label of a speculative asset and is often dumped whenever the economy is in turmoil. And what governments are looking for is a safe haven rather than a speculative asset. How can the government sell gold to buy bitcoin?

The goals of retail investors and central banks are not the same, they do not need a volatile asset, we should accept that fact.

Well, interest/demand for Bitcoin is surging among institutional investors and governments alike. Some governments (like the US government) are planning to sell their Gold reserves to buy more Bitcoin. El Salvador already made BTC a legal tender currency, while it continues to grow its stack of coins. Maybe Gold will be less-appealing to investors as a store of value in the future, as Bitcoin takes over the world by storm. If that happens, Gold will remain a "luxury item" used only for jewelry (a fashion statement).

Like you've said, the future can't be predicted. Who knows? Maybe Gold and Bitcoin will co-exist in the future. Just like how CBDCs will co-exist with crypto. It's a wild and crazy world, so anything's possible.

[Publictalk792]

Well, interest/demand for Bitcoin is surging among institutional investors and governments alike. Some governments (like the US government) are planning to sell their Gold reserves to buy more Bitcoin. El Salvador already made BTC a legal tender currency, while it continues to grow its stack of coins. Maybe Gold will be less-appealing to investors as a store of value in the future, as Bitcoin takes over the world by storm. If that happens, Gold will remain a "luxury item" used only for jewelry (a fashion statement).

Like you've said, the future can't be predicted. Who knows? Maybe Gold and Bitcoin will co-exist in the future. Just like how CBDCs will co-exist with crypto. It's a wild and crazy world, so anything's possible.

I think that is very interesting point. More and more big investors and governments are becoming interested in Bitcoin. El Salvador has already made Bitcoin an official currency and is still buying more and many governments also thinking to do this. This might make investors start to prefer Bitcoin over gold as safe place to put their money. As result gold might not be as popular anymore and only be used for making expensive jewelry. But like you said we can not know for sure what will happen in future. It is possible that gold and Bitcoin will both exist and be used at same time just like digital currencies from central banks and other cryptocurrencies. Future is always uncertain and anything can happen.

[nullama]

~snip~
Well, interest/demand for Bitcoin is surging among institutional investors and governments alike. Some governments (like the US government) are planning to sell their Gold reserves to buy more Bitcoin. El Salvador already made BTC a legal tender currency, while it continues to grow its stack of coins. Maybe Gold will be less-appealing to investors as a store of value in the future, as Bitcoin takes over the world by storm. If that happens, Gold will remain a "luxury item" used only for jewelry (a fashion statement).

Like you've said, the future can't be predicted. Who knows? Maybe Gold and Bitcoin will co-exist in the future. Just like how CBDCs will co-exist with crypto. It's a wild and crazy world, so anything's possible.

On top of that you are saying, it is also interesting to point out that Bitcoin is incredibly young still. Not even old enough to vote!

That means that there will be many people that still haven't really consider bitcoin as an investment, and there are more younger people that are arriving to investment age now.

This means that on top of all these companies now starting to invest in bitcoin there will be an increasing amount of people also investing in bitcoin.

[Wind_FURY]

Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology. 
 

"May change"? It WILL change, and the nation-states will never admit it, but in the next ten years, nation-states will sell Gold to purchase Bitcoin.

I won't predict the future (10 years or 20 years) because that is beyond our ability but with what is happening now, I am pretty sure that it will not happen in the near future.

For countries, holding gold is a backup plan for the economy in case of a major crisis and gold has been recognized as the world's safest haven for thousands of years. Meanwhile, bitcoin has not escaped the label of a speculative asset and is often dumped whenever the economy is in turmoil. And what governments are looking for is a safe haven rather than a speculative asset. How can the government sell gold to buy bitcoin?

The goals of retail investors and central banks are not the same, they do not need a volatile asset, we should accept that fact.

You're probably right, but the CURRENT situation that's happening TODAY is the United States has already started a movement through their Strategic Bitcoin Reserve agenda. It may not show in the price of Bitcoin now, but the most powerful nation-state in the world HODLing Bitcoin? BULLISH!

Other nation-states will follow, or have followed, OR have started a plan BEFORE the United States. A Russian minister has already talked about Bitcoin publicly saying that if Russia uses Bitcoin "who can stop those transactions"?

[SuperBitMan]

I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold?
 Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.

 I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge  increase in price  to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
  Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

Bitcoin will surely in the future surpasses gold or has already surpasses gold already with the way things are going because
1. Bitcoin is safer to keep than gold
2. More tradable
3. More accessable
4. Less risk than gold

Bitcoin has not surpassed Gold for now but it will in the future some set of people are saying it is impossible for Bitcoin to surpass Gold but one thing they forgot is that Gold has been in existence for thousands of years and Bitcoin is just 16 years old but is making this much wave, it will only take time but surely Bitcoin will surpass Gold, there was a time Bitcoin was just $1 and it moved from there to $1k and from there to $10k and to what it is now meaning as time goes on Bitcoin will keep growing more bigger and better with the way things are going now Bitcoin will surpass Gold in no time, more and more people are now becoming interested in Bitcoin investment and even countries are now showing interest in Bitcoin and some has already made a Bitcoin reserve for them self's.
Just like you said Bitcoin is more safe to keep than Gold some people always buy and keep gold for the future and sometimes they get stolen by another person because where they bought it from someone may have seen them and then start tracking them till they stole it from them but it is different in Bitcoin because only you will know that you have a Bitcoin except you decide to tell someone meaning there's more privacy in holding Bitcoin than Gold.

[nullama]

I think that would take a really long time before it happens. Most governments believe in gold and use the metal as their reserve currency if I'm right. The US, the Germans, the British, the Japanese governments and most others love to back their economies with gold. Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology. 

The thing is that change now takes less time than what I used to.


Now we can see a huge shift in priorities and how the world works in just a couple of years.

Bitcoin already changed the world in a decade for example

[DanWalker]

Bitcoin will surely in the future surpasses gold or has already surpasses gold already with the way things are going because
1. Bitcoin is safer to keep than gold
2. More tradable
3. More accessable
4. Less risk than gold

1. Holding bitcoin is simpler and more convenient than holding gold, but not more secure. You can ensure privacy when holding bitcoins but just one accident or carelessness can make your bitcoins hacked or you will lose access forever. The safety of your assets is in your hands, not in bitcoin or gold.

2. Currently, gold's liquidity is still much greater than bitcoin's.

3. This is true for Gen Z (12-27), Millennials (28-43) but I don't think Gen X (44-59) and Baby Boomers (60-78) will have easy access to bitcoin. Meanwhile, they also make up a significant portion of our world's population.

4. An asset that is only 16 years old, small cap, not globally recognized and legal, susceptible to manipulation or can be banned at any time. Do you think it is safer than gold? seriously?

Bitcoin doesn't necessarily have to surpass gold, and that doesn't make it more attractive or cause gold investors to abandon gold to invest in gold.

[Ricardo11]

Well, interest/demand for Bitcoin is surging among institutional investors and governments alike. Some governments (like the US government) are planning to sell their Gold reserves to buy more Bitcoin. El Salvador already made BTC a legal tender currency, while it continues to grow its stack of coins. Maybe Gold will be less-appealing to investors as a store of value in the future, as Bitcoin takes over the world by storm. If that happens, Gold will remain a "luxury item" used only for jewelry (a fashion statement).

Like you've said, the future can't be predicted. Who knows? Maybe Gold and Bitcoin will co-exist in the future. Just like how CBDCs will co-exist with crypto. It's a wild and crazy world, so anything's possible.

I think that is very interesting point. More and more big investors and governments are becoming interested in Bitcoin. El Salvador has already made Bitcoin an official currency and is still buying more and many governments also thinking to do this. This might make investors start to prefer Bitcoin over gold as safe place to put their money. As result gold might not be as popular anymore and only be used for making expensive jewelry. But like you said we can not know for sure what will happen in future. It is possible that gold and Bitcoin will both exist and be used at same time just like digital currencies from central banks and other cryptocurrencies. Future is always uncertain and anything can happen.

Although the future is uncertain, the popularity of Bitcoin at present and the acceptance of Bitcoin is constantly increasing, in the future Bitcoin is definitely going to reach a level that will be beyond everyone's expectations. Bitcoin can surpass gold in the future, this is never impossible. But these are only a matter of time, that is, in the long term, Bitcoin is a currency with a possible future, which is the diamond of the future, not gold. The acceptance of Bitcoin is increasing day by day, So Bitcoin is definitely going to see great things in the future.

[Makus]

Maybe in a decade, or maybe a bit longer.
As time would go on, people and institutions will look at BTC more and more.
Sure, for now, it's not as used as gold per se, but we see more interest to the crypto space and its ideas than in traditional ways, and BTC is the bulwark of stability amidst the chaos we see every day.

Bitcoin is widely considered  by many as digital gold, it may not be globally acceptable as gold for now but sure the world is innovating to digital trusted  assets with good store of value, and bitcoin has these features. The adoption of bitcoin is increasingly amazing, and that is because it can be accessed by anyone anywhere in the world provided you have acces to the internet. Bitcoin is yet to break more ATHs after several circles. Analysts believe bitcoin will get to $150k before the next having. However I believe  that bitcoin would be largely accepted by several institutions and countries which will promt an increase in price significantly.

[Powerjumboo]

I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold?
 Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.

 I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge  increase in price  to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
  Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

If we compare it to the fact that gold has dominated for thousands of years and Bitcoin has been around since 2009, then it can be seen that Bitcoin has gained a lot of popularity and has come a long way in these few years. If Bitcoin continues to gain popularity among people and its price continues to increase, then it will not be long before Bitcoin surpasses gold.

The price of Bitcoin will definitely be $200,000, but it will be met very soon. In addition, many valuable people in the world have made very positive comments about Bitcoin and predicted that Bitcoin will soon reach $1 million, so it can be said that it will reach $200,000 and there is a possibility of reaching $1 million, but it will be soon.

[Mate2237]

Change is constant and right now the World is on the changing pace and in those days when Trade by Barter was everywhere, there were some commodities that were valued more than the other and today they are nowhere to be found and in the current innovation in the world, bitcoin will definitely surpass Gold in due time. Bitcoin is not rushing to take over the world economy but it is a gradual process to follow.

In the next 10 years to come the world economy will be restructured and many things will change. And once bitcoin became adopted in many countries, things will be starting to change to good for people to enjoy.

[BALIK]

-snip-

Even if we find thousands more tons of gold, I am sure it will never lose its value, and the price will still increase over time. The demand for gold is huge and the use of gold is not only for investment but also for use in all industries, daily life...while bitcoin is just an asset for investment and speculation. So comparing supply and claiming bitcoin is superior is not convincing.

Apart from being an investment platform which was actually not the primary purpose of creating Bitcoin, do you know that Bitcoin is used as a legal tender? If yes, why then do you think Bitcoin is just an asset and speculation? Bitcoin demand now might not be as high as that of gold for some reasons and one of the major reasons is that gold have been known to humans even before money came to existence so gold is literally known by everyone as a good asset for investment but the rapid growth of Bitcoin as a digital asset project since the creation in 2008 should tell you that the future will favour Bitcoin more than gold. Bitcoin is a digital asset than can be easily transferred from one place to another in less than 5 minutes but gold transactions aren't that seamless and considering how digitalized the world have become and still becoming, it's obvious that Bitcoin in the future will surpass gold

The original purpose of bitcoin is no longer important, we need to adapt to change and accept the reality that is happening. Bitcoin is being used as a speculative instrument rather than a currency and has no potential to become the world's official currency.

The world is slowly becoming digital but you forgot one thing, the world has evolved over thousands of years, there are thousands of new technologies being created. But the interesting thing is that tangible assets such as real estate, gold, black gold...always play a key role in any stage of the world. As you said, gold was known and used by humans before fiat was invented, which means it has been recognized by humans for thousands of years. In those thousands of years, no asset has ever surpassed it, so what guarantees that a speculative asset that is only 16 years old will surpass it?

Bitcoin surpassing gold is essentially a baseless expectation of Bitcoin investors, with no basis, data, or with what has happened and is happening to show that it can happen. As investors, we have the right to think about what is good for bitcoin, but we should also be realistic and not be too delusional.