Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. 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. Thoughts?
Nope, bitcoin can never replace Gold because they are two distinct assets serving different functions in as much as they both serves as a store of value. Gold is almost as old as mankind, lived through different civilization and because of it preciousness, it will live to see more and more to come because people will always love to possess it. Bitcoin might properly holds more monetary value than Gold some day but that won't justify in any way that bitcoin can ever replace Gold