Quote from: G_Besar on March 25, 2025, 11:06:47 AM

Quote from: Bellerophon1990 on March 25, 2025, 09:41:58 AM

I really think that Bitcoin has the potential to outclass gold as a global currency standard. The main reason is that gold is becoming way too expensive in terms of storage and shipping. Furthermore, if you plan to use gold in global transactions, you have to undergo burdensome customs procedures, that do not apply to Bitcoin or other cryptos.

If you look at the advantages in terms of cost and also the delivery network, it is very clear that Bitcoin is far superior to gold. But most people still continue to rely on gold only to store the value of their money because gold also has a liquid nature, which is easy to liquidate when the holder needs money immediately. So I don't think it will be a problem for gold if one day Bitcoin will overtake it in everything because gold will still have a lot of users because most Bitcoin lovers also don't hate gold because it is not Bitcoin's opponent forever.

It is true that they are neither rivals nor rivals depending on the person's own will some prefer Bitcoin while others prefer gold in which case bitcoin and gold can complement each other. Many bitcoin lovers consider gold to be valuable because it has been proven over a long period of time and is considered a stable form due to its limited supply. Digital assets like bitcoin are ushering in a new era where digital payments and wealth management can be easier and faster.