Could Bitcoin replace Gold in value?

[Kasabus]

When it comes to price, bitcoin gains an edge. But when it comes to value, I think gold will always gain the dominance since everyone knows that gold is only the safe haven in all valuable assets or investments.

However, bitcoin is just too young compared to gold, but we have seen already the huge potentials of bitcoin. Bitcoin and gold, if both combined will make a highly profitable and safe investments for retirement.

[free-bit.co.in]

Every era has its era, and now it is the digital era. People in the past, or generations who have been familiar with gold for a long time, would be more inclined to save their money during a crisis, as you mentioned, but for the current generation, especially those who are familiar with Bitcoin, they would be more inclined to save their money in Bitcoin. So, I think some people still rely on gold as a store of value, and others are starting to rely on Bitcoin. I also think Bitcoin could replace gold, as the OP suggests, but it might take a while, because many people still don't see Bitcoin potential as a store of value. It is all just a matter of time; I am sure time will change everything, and the current digital era allows us to see where this is headed, and the answer is Bitcoin.

We keep talking about the digital age, but did you know that the world entered the digital age in the mid 20th century? But as we have seen over the years, physical assets have always played a crucial role regardless of how the digital world develop.

So forget about Bitcoin replacing gold. How can a virtual asset replace the role and use cases of a physical asset, or vice versa? Instead, accept the reality that they will coexist and each will have its own user base

Gold has existed for thousand of years and has a long history closely intertwined with the development of humankind. If we want to replace it, it will take centuries, not just a few decades. So stop dreaming

[Cgrexp]

Both gold and Bitcoin have a limited supply. Both gold and Bitcoin have acceptance as a store of value. People have long established gold as a trusted asset. On the other hand, Bitcoin is a digital currency that is essentially decentralized and can be transferred from one place to another quickly and in a short time across borders. However, one of the weaknesses of Bitcoin is the lack of internet or electricity connection during war or unstable situations. Bitcoin is not a complete alternative to gold, but Bitcoin is playing a role as digital gold. In the future, the acceptance of Bitcoin and the trust of each person in Bitcoin will be able to reach a position close to gold as a transaction and safe haven. Bitcoin and gold coexist side by side, but both have different strengths and weaknesses.

[MisFoxie]

So am basically asking do you think Bitcoin could replace gold in this aspect? Like in being a safe haven for investors in times of war or been a fully acceptable valued material for transactions generally in the world?

I think It's totally depend on worlds technological development. If war and many crisis happen to the world then development will almost stop but if no big war happen any time soon and people adapt bitcoin so well also bitcoin price becomes almost stable i think in future bitcoin will become equally valuable to gold or more than that . It's hard not impossible.

[BlackHatCoiner]

• Gold is not digital.
• Gold is not easy to verify.
• Gold is expensive to move around, and even impossible in some cases.
• Gold can be confiscated from you.

Gold did not save you from socialism. Bitcoin will. That's why it will replace it.

[Z-tight]

Gold can be confiscated from you.

In today's financial system, it is unlikely that your gold can be confiscated from you by the government, very unlikely. BTC can also be confiscated by the authorities through custodial services. As a matter of fact, most of the BTC's held by states is coins that they have confiscated over the years.

Gold did not save you from socialism. Bitcoin will. That's why it will replace it.

I do not see this as a viable reason to buttress your point that BTC will replace gold.

[moneystery]

For now, Bitcoin may be lagging behind gold in terms of market cap, but we just don't know how Bitcoin will perform in the future... Bitcoin has done so many impossible things and it's not impossible that it can catch up with gold in terms of market cap, or at least perform so well and achieve an ATH that people previously thought was quite impossible. There are so many possibilities for the future of Bitcoin, and I am optimistic that it will be better than what people expect.

[AmoreJaz]

When it comes to price, bitcoin gains an edge. But when it comes to value, I think gold will always gain the dominance since everyone knows that gold is only the safe haven in all valuable assets or investments.

However, bitcoin is just too young compared to gold, but we have seen already the huge potentials of bitcoin. Bitcoin and gold, if both combined will make a highly profitable and safe investments for retirement.

I don't want to compare these two because they have their pros and cons that you can take advantage of. Also, gold has valuable usage in so many industries like electronics and metal industries that you can't replace. So for me, why not take the opportunity to get a hold of both? After all, it is up to you how you will make profit out of it.
Also, there are several threads already comparing these two. And for me, I can deduce from these discussions is that gold will always be gold and it has so many usage and benefits to humanity not only because it has monetary value but also with its vast usage in various industries as an element, component or part of their product. Whereas, btc is a digital currency that has its own limitations of use beyond internet.