Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin surpass Gold?
by
FortuneFollower
on 27/03/2025, 08:31:43 UTC
I think that would take a really long time before it happens. Most governments believe in gold and use the metal as their reserve currency if I'm right. The US, the Germans, the British, the Japanese governments and most others love to back their economies with gold. Few countries are serious about using Bitcoin as reserve, but this may change in the next ten years, especially with the increasing interest in Bitcoin ETFs. I would project that Bitcoin could be at par with gold in the 20 to 30 years due to increasing affinity to digital technology.  

an interesting case is Norway, which is one of the richest countries on Earth, and they decided not to store their wealth in gold.

And recently, one of their big companies started a branch company that only works with Bitcoin.

Quote
Bitcoin is our treasury asset. Our first purchase was 1,170 BTC and our strategy is to hodl.

You can read the shareholder letter from here: https://www.seetee.io/blog/2021-03-08-shareholder-letter/

Great to see them progressively thinking about the current situation and taking action toward becoming a country that encourages BTC, rather than putting lots of stop signs for such actions.