Could Bitcoin replace Gold in value?

[Swordsoffreedom]

Bitcoin is considered as the new gold, this is a part of the perceptive many has about Bitcoin. We can say bitcoin might replace or compete with digital gold with time and this is from the fact that we are spending more of our lives on the internet, which shows that the digital world is fast growing and bigger than the physical world.

There is no such thing as digital gold, the only gold that has real value is physical gold
 
Despite our world rapidly evolving and becoming increasingly digitized. And even though people spend more time on the internet, at the end of the day, they still return to the real world to continue their lives.

The physical world will never disappear or be threatened. Therefore, Bitcoin will not be able to replace or compete with gold. They will coexist and each will have its own loyal user base

[MAAManda]

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?

Image Source: Generated by ChatGPT

Bitcoin (BTC) is more practical & simpler than physical gold, especially during unfavorable conditions such as war. Imagine you have kilos of physical gold & you want to go to a safer country because your country is in a state of war, OFC it will be difficult for you to mobilize, right?

With Bitcoin (BTC), you only need a hardware wallet, it's not heavy at all & doesn't take up much space. Or, if you're even crazier, you can store it in your head (brain wallet).

[BALIK]

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?

Image Source: Generated by ChatGPT

Bitcoin (BTC) is more practical & simpler than physical gold, especially during unfavorable conditions such as war. Imagine you have kilos of physical gold & you want to go to a safer country because your country is in a state of war, OFC it will be difficult for you to mobilize, right?

With Bitcoin (BTC), you only need a hardware wallet, it's not heavy at all & doesn't take up much space. Or, if you're even crazier, you can store it in your head (brain wallet).

Bitcoin surpasses gold in terms of storage and portability, and that is a fact. However, Bitcoin can only function when electricity and internet are stable. Furthermore, even a small act of carelessness such as losing the seed phrase or experiencing memory loss, will cause you to lose all your asset and there will be no way to recover them. Meanwhile, with tangible assets, you do not need internet, electricity or technology, and you can use or transfer them whenever you want.

To be fair, every type of asset has its own advantages and disadvantage. We do not need to compare, downgrade one asset or hype another when we can flexibly use each asset depending on the situation.

[MAAManda]

Bitcoin surpasses gold in terms of storage and portability, and that is a fact. However, Bitcoin can only function when electricity and internet are stable. Furthermore, even a small act of carelessness such as losing the seed phrase or experiencing memory loss, will cause you to lose all your asset and there will be no way to recover them. Meanwhile, with tangible assets, you do not need internet, electricity or technology, and you can use or transfer them whenever you want.

To be fair, every type of asset has its own advantages and disadvantage. We do not need to compare, downgrade one asset or hype another when we can flexibly use each asset depending on the situation.

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)?

[Charles-Tim]

If enough people say bitcoin is store of value like gold and enough people hold it, it will become store of value just like gold.

There are time that gold will remain stagnant, and there are time that gold will fall. But later gold will remain increasing and maintain its store of value status.

Bitcoin can increase this year, but decrease next year. That does not make it not to be a store of value if he later continue to increase and which is how bitcoin is. Bitcoin is a store of value in long term.

[purple_sparkles]

 I would really like bitcoin to continue growing, become more and more popular and widely recognized as an asset, and also keep increasing in value, since working with bitcoin is much easier and more convenient than, for example, with gold.

[Taskford]

Bitcoin a surprising, fast growing crypto currency and actually the first crypto currency created, for the main purpose of decentralization shifting from digital Fiat to a safe transaction system, using blockchain technology. Bitcoin growth surprise a lot of people, increasing in value and usage in the pass years. Amd now the government of some countries have started accepting Bitcoin, and a lot of big companies are buying a lot.
             Gold on the other hand have been around for a long time, from using it physically for transactions before the Internet came to existence, and now using it in a digital form, in this internet age. Mainly gold is now a safe haven for investors to store their money during war threats or in an incident of war, as is still an acceptable valued material for transaction all over the world.
 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?

Yeah even though Bitcoin is fast growing asset still the possibilities to replace gold is so slim. Because for centuries its proves it stability and Gold have lots of usage that's why for sure that majority of people will choose this asset than Bitcoin since this coin is well known for its volatile movement and other risk.

We can't deny that Bitcoin is really a good asset, but we need to stick on reality that the chances it can replace the most establish asset is pretty low, but I believe also that Bitcoin will be good alternative asset especially if investors will look for asset to diversify their portfolio's. Since Bitcoin still a long term investment asset maybe next to gold.

[snowpega]

There is no doubt that Bitcoin is still considered a risky asset by many due to its high fluctuation in price of bitcoin. But its better adoption is making it less volatile day by day. The coming days/years can be better for Bitcoin that as a result it will earn global trust, possibly. And one quality makes Bitcoin a better and unique asset that it contains a specific or tied supply, and no more bitcoin can be created or generated, and if in the future the total supply is obtained by all people, then the price of the bitcoin will reach another level.

So maybe, but not sure that in the coming time we will see Bitcoin replacing the gold market cap. But Gold is still holding its value as a safe asset in the global village, which makes it a more trustworthy asset in the global village. And no one knows what the future will be exactly, so maybe we will see that one day another asset will be replacing gold position. CMIIW!

[YOSHIE]

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?

Logically, if you try a little to think about and ponder the mechanisms of Bitcoin and Gold, I'm sure you won't ask and won't compare Bitcoin with gold.

Common sense and clear eyes can judge and see, it is clear that gold is in physical form while Bitcoin is not physical.
The question......!
What can you do, if a big attack occurs on all the satellite towers and substations, the internet is bombed, you return to the era of the 571st century AD, can you use Bitcoin as a transaction or investment asset.....!

Gold, even though this world has returned to the era of the 571st century AD, can still be traded and used as a medium of exchange instead of buying/selling transactions, so at this point I think you will understand how Bitcoin works and gold works.

[Synchronice]

Bitcoin a surprising, fast growing crypto currency and actually the first crypto currency created, for the main purpose of decentralization shifting from digital Fiat to a safe transaction system, using blockchain technology. Bitcoin growth surprise a lot of people, increasing in value and usage in the pass years. Amd now the government of some countries have started accepting Bitcoin, and a lot of big companies are buying a lot.
             Gold on the other hand have been around for a long time, from using it physically for transactions before the Internet came to existence, and now using it in a digital form, in this internet age. Mainly gold is now a safe haven for investors to store their money during war threats or in an incident of war, as is still an acceptable valued material for transaction all over the world.
 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?

It can, definitely, but it's hard to say with certainty because the future is not very predictable, especially right now when god knows whether there is a global war tomorrow, where coding and AI is so popular and Bitcoin developers are so conservative and so on but Bitcoin definitely has the potential to replace gold in value. If we keep in mind Bitcoin's performance since its creation to this day, Bitcoin is definitely the best performing currency of all time in our world. Nothing comes not only close but even far. It's hard to say whether Bitcoin really replaces Gold in value or not but I'm 100% sure that cryptocurrencies, whether it's named Bitcoin or something else, will definitely replace it.

[Dictator69]

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?

Yes bitcoin is already replacing gold and it is used as a second option because in hard times like war, one can't really keep their gold stash secure, they have to find a really good place that can't be invaded in war, if someone saw or get their hands on your gold, it is probably going to be stolen but in terms of bitcoin, you just have to hide the key or remember it in war if you can, because remembering 12 words won't be that hard but if you can't then encrypt the passphrase and keep it without or hide it somewhere it can't be destroyed.

Venezuela's president has hidden their money in btc instead of Gold and Us dollar because they can be taken away but the bitcoins can't be due to their nonphysical existence.

[Lucius]

~snip~
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?

A question that has been asked so many times, and yet I think the answer is very simple. Gold and Bitcoin are different in many ways, from the fact that one is a physical thing that is mined from the ground and that it is in quantities that are difficult to precisely determine - while on the other hand, BTC has everything precisely defined even more than 100 years in advance, and it is about something completely digital.

Take the recent situation in Iran where the authorities shut down the internet, leaving anyone relying on BTC literally helpless - now try to imagine something like that on a global scale. Such fear will always exist, and it must somehow be factored into the price of BTC, whether anyone likes it or not.

If we add to all this the high volatility that accompanies BTC, I don't know how anyone thinks that gold could lose its position in the future. Besides, Bitcoin was not created to be a complete replacement for fiat, gold, silver or anything of that type, but only to be an alternative.

[Luzin]

Yes bitcoin is already replacing gold and it is used as a second option because in hard times like war, one can't really keep their gold stash secure, they have to find a really good place that can't be invaded in war, if someone saw or get their hands on your gold,

Bitcoin, in terms of trust, has a value whose development is better than gold. The value of Bitcoin has multiplied much more effectively than gold. So far, globally, Bitcoin does not yet have a value that would make any government dare to call it a recognized asset because not many have acknowledged Bitcoin. At some point, if the world recognizes and trusts it, I think Bitcoin could replace physical gold. Bitcoin is also striving to become a globally recognized gold that can be used by all countries in the world.

[nemesis_incarnate]

I would really like bitcoin to continue growing, become more and more popular and widely recognized as an asset, and also keep increasing in value, since working with bitcoin is much easier and more convenient than, for example, with gold.

it's also more about the potential of BTC.

Gold will always be there. BTC is the new era of an alternative to the tradition and getting that freedom.

From your bosses, from corps, from govs, it doesn't matter which one..

[xbetz.io]

I don’t think Bitcoin needs to “replace” gold to be successful. Gold and Bitcoin solve similar problems but in very different ways. Gold has thousands of years of social trust and is still deeply embedded in how people think about safety during crises. That psychological aspect shouldn’t be underestimated.

Bitcoin’s advantage is not that it’s better gold but that it works in environments where gold struggles: portability, verifiability, censorship resistance and settlement across borders without intermediaries. In a highly digital and capital-controlled world, those properties matter more over time. In practice, I think we’ll see coexistence rather than replacement. Gold may remain the first instinct during uncertainty, while Bitcoin increasingly becomes the secondary (and eventually parallel) store of value for a digital generation. Curious how others here think about generational trust vs functional utility.

[FortuneFollower]

I don’t think Bitcoin needs to “replace” gold to be successful. Gold and Bitcoin solve similar problems but in very different ways. Gold has thousands of years of social trust and is still deeply embedded in how people think about safety during crises. That psychological aspect shouldn’t be underestimated.

Bitcoin’s advantage is not that it’s better gold but that it works in environments where gold struggles: portability, verifiability, censorship resistance and settlement across borders without intermediaries. In a highly digital and capital-controlled world, those properties matter more over time. In practice, I think we’ll see coexistence rather than replacement. Gold may remain the first instinct during uncertainty, while Bitcoin increasingly becomes the secondary (and eventually parallel) store of value for a digital generation. Curious how others here think about generational trust vs functional utility.

Simply put - BTC is the future for the common folk and entities beyond that alike.

Gold will stay there no matter what, but it won't be fully replaced as well.

[death69]

Safe haven presupposes safety and safety presupposes agreement concerning what poses a threat to you.

The safety of gold is its uselessness (except in rare industrial uses, but still marginal). It never corrodes, never decays, never needs belief in institutions since it is. That is why it is effective in the war. It is a Schelling point where all people agree when all other things are disputed. Bitcoin's different. Its security is cryptographic, which is absolute (math does not lie) but conditional (requires infrastructure, knowledge, access).

The strength of Bitcoin over gold is that it is portable over hostile borders and hard to confiscate (when done carefully). Gold gets seized. Bitcoin, properly stored, is merely data in your head. That is powerful. But it is also the reason that calling it a safe haven is early. Safe havens are to preserve the capital in times of turmoil.

Will it get there? Probably. The trajectory suggests it. However, we are not in that place yet and faking that we are because the price has increased does not aid anyone in realizing what they actually possess. Maybe I am too cautious. Perhaps there has been an already transition and I am just not seeing it well.

[aylabadia05]

<snip>
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?

Bitcoin and gold are two assets that I need equally. Bitcoin is a non-physical investment asset that serves as a good hedge, just like gold, which is a physical asset that can also serve as a hedge.
The history of the internet began with the advent of Bitcoin. Bitcoin is more practical, and no one will know how much wealth I have if I can keep my Bitcoin address secret.

In terms of war, gold is not a safe asset because it is physical. Take Iran, for example, where it is reported that its citizens are turning to Bitcoin investments to preserve value. Perhaps there are Iranians here who can explain this.
Gold is good as a reserve fund in the aspect you mentioned. Bitcoin remains safe even during internet outages.

[boyptc]

I would really like bitcoin to continue growing, become more and more popular and widely recognized as an asset, and also keep increasing in value

We're already on that era, we're seeing that it's continuing to grow and adoption is there globally.

since working with bitcoin is much easier and more convenient than, for example, with gold.

You don't work with bitcoin but I guess you meant to say that investing and holding it is pretty easier than the usual assets that we've grown with.

But no doubt that it's more convenient to hold Bitcoin than gold. Although it still needs to go through a lot to be at par with gold.

[Bobrox]

Bitcoin (BTC) is more practical & simpler than physical gold, especially during unfavorable conditions such as war. Imagine you have kilos of physical gold & you want to go to a safer country because your country is in a state of war, OFC it will be difficult for you to mobilize, right?

With Bitcoin (BTC), you only need a hardware wallet, it's not heavy at all & doesn't take up much space. Or, if you're even crazier, you can store it in your head (brain wallet).

Right, bitcoin most flexible than gold although have physical but if war happening you can't run away or out from your country bring the gold, difference if all assets holding in bitcoin just saving in hardware wallet and you can travel any where around the world without difficult to bring out from your country.
Your gold assets easily confiscated by the state and difficult how to stop the bad or corrupt government but with bitcoin is privacy and someone else can't detect with how many bitcoin assets holding in your wallet. I got update yesterday about US almost monopoly with many gold having right now and make many war issues to get chance selling gold at higher price.