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.
I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge increase in price to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
Gold is currently the most valuable assets in the world and have been in existence from the very beginning but Bitcoin surpassing gold is a possibility. Bitcoin has a promising future and was just created in 2009 and now Bitcoin is now the 5th valuable asset in the world.
Bitcoin is purely decentralized in nature and have been receiving wide acceptance and adoption in some parts of the world, currently the world is now focusing on digital assets like Bitcoin and have begining to enact Bitcoin into their digital strategic reserve because Bitcoin is the only assets that is an hedge against inflation. I am confident in the future that Bitcoin based on his potential will surpass gold as the most valuable assets.