I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold?
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
Let’s not forget, in the hands of the government, certain commodities are tools for control. Government likes to be in control and with that, you can’t hope that they would at some point put Bitcoin ahead of gold. That projection isn’t going to happen. Why the lots of them might be looking to flock into Bitcoin at the moment is largely due to what they could salvage from it and its volatile nature, nothing more. When it comes to gold, the case is different, they remain true to gold than we would say for Bitcoin. It would be really difficult and an interesting turn of events should this ever happen.