Quote from: bryant.coleman on January 27, 2018, 03:05:03 PM

In order to defeat gold, first Bitcoin needs to achieve the same level of popularity and user-base as that of its rival. But as of now, Bitcoin is far behind gold in terms of these parameters. Bitcoin is having around 100 million users, while gold is estimated to have more than 2 billion users.

This time it's not just all about the demand, the market cap, or the usage of BTC, or the material value of gold. The concept on how a material survives, though time is one of the most important, yup maybe BTC's market cap is slowly moving up to the market cap of gold which is currently at $7.8 trillion (according to Forbes). If the cryptocurrency (Bitcoin) will be able to survive for hundred of years, then it will be one of the most valuable asset that we can have. If this technology break in 10 more years, then it won't be able to reach the level of gold.

Quote from: alyssa85 on February 18, 2018, 02:12:54 PM

Quote from: soul-impact on March 02, 2017, 04:13:27 PM

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

In April 2017, when the bitcoin price overtook the gold price, a Gold Fund started investing in bitcoin:

https://www.cnbc.com/2017/11/24/a-gold-fund-is-investing-in-bitcoin.html

Basically they put 5% of their fund into bitcoin, and to keep the investment at 5%, they sell when the bitcoin element exceeds that amount, and reinvest in gold. It's been profitable for them.

Some of their employees might be a professional trader so I expect no less for them. I even think that billionaires who are saying some negative comments about crypto are secretly trading, buying the dips and selling at ATS.