Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Will Replace Gold! Here's Why...
by
Khaos77
on 13/09/2019, 01:36:15 UTC
Overtime I've researched what has made gold desirable as a store of value.

Additionally I've come to understand the limitations of Gold, and why I believe Gold will be seen as the go to store of value less and less going into the future.

We're living in an increasingly high speed, digital world, where people expect instant access to their funds and their stored value.

Gold cannot and will not be able to offer this to future generations, who will not accept the limitations of Gold.

I believe Bitcoin meets the and surpasses many of the attributes offered by Gold.

For this reason I think Bitcoin will grow to become the primary store of value for people, and will begin taking market cap away from Gold.

I've created a video below where I list the attributes that Bitcoin has, that Gold simply does not have, and why Gold cannot compete with Bitcoin.

I believe proponents of Bitcoin have been too soft on Gold. Gold is severely limited.

Bitcoin has no presence in the physical world.

Gold is a store of value, because it has additional uses in the real world, manufacturing and others,
which when gold price lowers these others utilities buy more.
Bitcoin is totally useless in a physical only setting, and has no other uses.

Gold will always surpass Bitcoin in actual global usage.
Plus if the bitcoin miners all go bankrupt , bitcoin dies.
If gold miners go bankrupt, my ability to use gold is not diminished in the least.