Re: Will bitcoin replace gold?

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

You have good point, only the gold is physical. And this more appealing to people since they trust something that they can see or touch, understand not some kind of mystical digital currency.
Not to mention that Gold also could be a bubble and partly scam because there is more gold bought and sold in exchanges than there have been ever mined.

When it comes to gold is that people have a complete trust in gold, gold has been around since the dawn of civilization and it has helped us to create a functioning society. Gold is not a currency, it is a precious element which is also use for making jewelery, people also use bitcoin for saving their money. But bitcoin is a digital cryptocurrency and we use this such as online payment in peer to peer transactions which we were anonymous.

In the opinion of every people, Gold is the proof to prove the richness. The world's economy also used Gold to calculate the richness of every country on the world. So, the supporters of Gold is better than Bitcoin. Bitcoin is still an asset very new in the society.