Quote from: minersday on October 07, 2019, 01:52:36 AM

Bitcoin has its own qualities and it is never gold 2.0. I don't really think majority of people in the crypto space have taken their time to read the entire contain of Bitcoin's whitepaper. The reason why the value of Bitcoin has increased with the pass of time is the increase inn the demand of it. Once the demand of something increases, the value of it also increases in proportion to the demand. Bitcoin is just digital money and not gold 2.0

If adoption rate can increase, then it is possible that bitcoin actually pass for Gold 2.0 because like you said, the more the demand of bitcoin, the more that it appreciate and this is also the case of gold too, so bitcoin can still be held as store of value right now, just like the way people do hold gold believing that its value will increase.

The adoption rate of bitcoin is still very low, and if at this level of adoption, the price has already crossed over $7000, now imagine what the value will be in future when we have high growth of adoption. I don't know the percentage of adoption right now, but I am sure that it is still not up to 10 percent off the whole population. The market cap of bitcoin will still enter trillions definitely as we have more demand, so to me, bitcoin is more like gold right now.