Bitcoin Vs. Gold

[Nomad]

Gold is $23 trillion market cap and Bitcoin is $2.17 trillion market cap. Gold is number one asset, where as Bitcoin is number 7 by market cap. Do you think Bitcoin will replace Gold as number one asset?

 

[Niyi Briggs]

When you look at how fast bitcoin has grown to even reach that number 7 spot, there is every reason to believe that bitcoin should be number two investment asset in five years. But I don't think it can ever displace gold.

 

[Nomad]

I don't think Bitcoin will replace Gold but I do believe it will be number 2 asset by market cap.

 

[Urvashi]

I don't think Bitcoin will replace Gold but I do believe it will be number 2 asset by market cap.

I also don’t think Bitcoin will fully replace gold. While it’s gaining popularity as a digital asset, gold has centuries of trust as a tangible store of value. They might coexist, serving different purposes in investment portfolios.

 

[Nomad]

I also don’t think Bitcoin will fully replace gold. While it’s gaining popularity as a digital asset, gold has centuries of trust as a tangible store of value. They might coexist, serving different purposes in investment portfolios.

It is not only the centuries old trust, it is also related to having tangible value. Gold has ornamental usage as well as industrial usage, which makes is high in demand.

 

[Lolita]

Bitcoin and gold serve different purposes. Gold is a long-established store of value with physical backing, while Bitcoin is a digital asset offering decentralization and potential high returns, but with higher volatility and regulatory uncertainty.

 

[arunima]

It's indeed a great show by bitcoin if it has come yo number 7 in such a short span of time. Gold has existed for centuries. I am very much sure that bitcoin will never replace gold. But seeing the trend, Bitcoin will keep emerging as a strong asset.