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?
First and foremost, why will people still be having this argument regarding Bitcoin and Gold? Gold has been existence for thousand's of years now and its one natural resources which will always retain its value. Even if Bitcoin becomes massively adopted into the financial ecosystem, Gold will still have its value in the market. This is due to the fact that Gold is tangible and its being a natural mineral resource. People should stop wasting their energy thinking Bitcoin is gonna replace Gold in some years to come. Bitcoin do not have the chance to replace Gold.