Quote from: Sithara007 on Today at 05:14:43 AM

Quote from: Zemomtum on April 05, 2021, 11:44:15 PM

I don't think one can replace another and they can co-exist. In the time of market capitalization, BTC cannot be compared to Gold and the adoption is just setting in. Maybe in the next decade, when we have universal adoption, this kind of topic will be more interesting to discuss.

I agree, but from what I have seen gold is losing its relevance in the investment circles. Immediately aftermath the pandemic started spreading (April/May 2020), there was a sharp spike in the gold prices. But now the prices have fallen well below the pre-pandemic levels. On the other hand, Bitcoin has increased by more than 500% since the first lockdowns due to COVID 19 were imposed.

Regardless of that, I don't think Bitcoin will replace Gold and Oil in the future simply because they all have their own intrinsic value which cannot be undermined by the other even though they all have this financial value. Until Oil is no longer needed for its purpose globally, I don't see it going away any time soon and same thing goes for Gold.