Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin replace Gold someday?
by
dongosquad
on 28/07/2020, 21:31:19 UTC
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BTW, Bitcoin goal is not to replace Gold, but to make a new choice for people as their medium of exchange.  Grin
I am often surprised because there are still many people who are comparing gold and BTC, even though both have their own unique niches that can both provide benefits if used with the right strategy. Gold is more stable than BTC, it has been proven for decades that the price continues to increase even though the movement is not as fast as BTC. On the other hand, BTC has only been present for a decade, the price is very volatile, which is why it needs an in-depth analysis before deciding to invest with BTC.
IMO, BTC will not replace gold, BTC and gold will both develop according to their own uniqueness. So no one will replace each other, instead, BTC will be a good alternative for investment.