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.

[BALIK]

You're right, there are advantages & disadvantages to each of those assets, in this case physical gold & Bitcoin (BTC). But we must remember that our discussion refers to war conditions, not a major worldwide apocalypse resulting in no electricity & internet. If the case were simply war, then Bitcoin (BTC) would be superior to physical gold. I'm also not a maxi who keeps 100% of my wealth in Bitcoin (BTC), some is in the stock market & some is in physical gold.

I ask you once again, in a war situation, which is better to hold, physical gold or Bitcoin (BTC)?

This will depend on the scale of the war. Which war are you talking about? Is it a war between one or two countries like Russia and Ukraine, or ww3?

If ww3 were to break out, it would not only be seen as a catastrophe but also as the end of the civilization we have built over the past decades. Gold would be a better option.
If it were a war between two countries and we were in the conflict zone, Bitcoin would be the better option. However, if we are not in a war zone, the choice will depend on personal preference. But one thing is certain, Bitcoin will be dumped and gold will rise in price.

Both have their own advantage and disadvantage, and their effectiveness also depend on the specific circumstances and situation.

[melinoe]

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.

We can look at the charts and project where BTC will climb up in the future.

It will reach that cap, but I wouldn't look at it that much. The adoption is what tips the scales most.

[Invariant Core]

Bitcoin will never truly surpass gold if it only plays the role of “digital gold.” If people mainly hoard BTC instead of spending it, on-chain activity stays low, fees dry up, and miners lose incentives.

Once the hash rate drops too far, the network becomes vulnerable to 51% attacks—and that’s how things start to fall apart.

[Webutxo]

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.

What's the difference between price and value from your context because I'm not seeing any difference. Bitcoin has a high value than Gold but from the society aspect, Gold is popular and has more demands due to government backing and support. The government has been the main power behind hold and it's general everywhere where as Bitcoin is by the people. The people decide what Bitcoin should be and how it should be for the people without any centralization.

Another advantage of Gold is that it has larger market cap than Bitcoin and that makes it larger and number top of the world asset. However, the maths is very wrong, there are more than supply of Gold that is been track, some people has their generational wealth hidden gold and have been doing that for decades but don't want the government to know about it unlike Bitcoin.

[tohig74643]

Interesting question! I think Bitcoin has definitely grown a lot and more governments and companies are starting to accept it. However, gold has been a stable store of value for centuries and is widely trusted, especially in uncertain times like wars or economic crises.

Bitcoin could complement gold as a “digital safe haven,” but replacing gold entirely might take a long time, if ever, because many investors still see gold as more stable and universally recognized.

Just my two cents!