Can Bitcoin surpass Gold?

[VericaSuvic]

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 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.

 

[EMMANUEL]

The discussion about whether Bitcoin can surpass gold as a store of value involves various factors, including market capitalization, scarcity, utility, volatility, regulatory issues, and investor sentiment.

1. Market Capitalization: Gold has a market cap in the trillions, while Bitcoin's is in the hundreds of billions, requiring significant growth for Bitcoin to surpass gold.
2. Scarcity: Gold is a finite resource mined from the earth, whereas Bitcoin has a capped supply of 21 million coins, which could enhance its appeal as a scarce asset.
3. Store of Value: Gold is traditionally a safe haven during economic uncertainty, while Bitcoin is often referred to as "digital gold" due to its potential role in hedging against inflation.