Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin surpass Gold?
by
KINGs100
on 20/01/2025, 01:45:01 UTC
With the name of Allah Almighty and Assalam o Alaikum to my respected readers,

    I want to say, that Bitcoin has surpassed the gold (Au). Since 1996 I practically know the gold when its price was maximum 4000PKR per tola (11.664g). Gold jewelry items in 22K were commonly used. With passage of time gold prices has remained increasing gradually and now it has become difficult for people to buy and keep gold jewelry items as presently its price is near about 281000 to 285000PKR per tola.

   Bitcoin launched in 2009 has remained totally unknown for us due to lake of usage of internet and IT. Moreover due to lake of interest of law enforcement institutions no one can say him/her a crypto user even now in Pakistan. Whit the passage of just 15 years Bitcoin has really surpassed gold due to its market cap that is in trillions and its use case. Bitcoin should not be termed a’ black gold’ it should be termed GOLD DAD (father of gold).

   Gold itself has great value due to its intrinsic price since throughout human history. While human mind thinks that Bitcoin being nonphysical and even decentralized is risky to keep for those people my advice is to exchange their Bitcoin and crypto to high intrinsic value items, but this is not the end. Bitcoin due to numerous causes has great return that charms and he/ she buys it. But think for a bit, If you have 10000 BTCs in your wallet that you lose due to your mistake. Or due to some scam how can you get those back? Surely 99.99% it will be impossible. On the other hand if you contain gold equal to 10000 BTCs in your locker it will be 99% impossible for a scammer to deceive you.

   I mean the last win is only for physically existing high intrinsic value items. But technicality says we should keep taking advantage from crypto assets otherwise it will be end of our progress.

  Do as you like and best of luck.

  KINGs100