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.
Please watch the video and let me know what you think. Thanks
https://youtu.be/UyaNJMxWmSUEven gold doesn't have some of the attributes Bitcoin has, it still cannot be replaced by Bitcoin. No matter how much the price difference is, the fact that Bitcoin is just a digital currency is something not all would accept as form of payment. It's still important to have gold reserves since it is something you can physically trade to other goods, cosidered valuable by the society because of its rarity. Bitcoins market volatility is also not good to store value since people will just lose money on drastic fluctuations.