Quote from: Fundamentals Of on Today at 02:48:49 AM

Never. Bitcoin cannot replace Gold. We have to admit it. It may compete with Gold as a store of value and perhaps even become the preferred option for a short time but it will never replace Gold. Gold will always be gold. The preciousness of Gold is as old as civilization itself. And Bitcoin is not the one to make it worthless.

It is a good thing for us to have an option to choose between the two or invest on them together. They have different benefits as an asset, although they are both good as a store of value but the only difference is that, Bitcoin is volatile and it can change its price immediately depending on the market. Bitcoin should be manipulated in a short period of time, while Gold is only for a long term holding.

Quote from: cryptoaddictchie on Today at 03:13:39 AM

Quote from: Abiky on Today at 02:17:01 AM

Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. COVID-19 will greatly encourage people to adopt Bitcoin over Gold as their next store of value of choice.

I must say BTC is more convenient and literally you can spend it on but only few accept this digital currency compared to gold right. Maybe give or take a few more years, but the idea isnt possible to happen as everything evolves as we go forward.

For me, Gold is the best as a safe haven asset because bitcoin can bring you losses that will make you regret that. I don't think this Covid-19 will help them engage to the use of cryptocurrency as long as we promote it so that they know its advantages during this pandemic.