I want to know your opinion:
- Do you think Bitcoin has any chance of catching up and then surpassing Gold in capitalization?
- If so, when in the future might that event take place?
- If this happens, will it be a good thing for Bitcoin?
Yes of course it has a chance, once people realise that it's easier to store and easier to transact with it, compared with gold.
But, of course, central banks own a lot of gold, so they have a huge impact on the market. Give it some time and eventually, my opinion is that Bitcoin will surpass gold's capitalization.
I don't think it is so important though. What's more important is to realise that Bitcoin is freedom, in a sense that it allows us to ditch the central banking system that rules the markets. It allows us to transact P2P without needing any authority to act as an intermediary.
Bitcoin, used as Bitcoin, is better than Bitcoin that can be exchanged for higher amounts of FIAT. That's my opinion of course.