~snip~
Well, interest/demand for Bitcoin is surging among institutional investors and governments alike. Some governments (like the US government) are planning to sell their Gold reserves to buy more Bitcoin. El Salvador already made BTC a legal tender currency, while it continues to grow its stack of coins. Maybe Gold will be less-appealing to investors as a store of value in the future, as Bitcoin takes over the world by storm. If that happens, Gold will remain a "luxury item" used only for jewelry (a fashion statement).
Like you've said, the future can't be predicted. Who knows? Maybe Gold and Bitcoin will co-exist in the future. Just like how CBDCs will co-exist with crypto. It's a wild and crazy world, so anything's possible.
Well, interest/demand for Bitcoin is surging among institutional investors and governments alike. Some governments (like the US government) are planning to sell their Gold reserves to buy more Bitcoin. El Salvador already made BTC a legal tender currency, while it continues to grow its stack of coins. Maybe Gold will be less-appealing to investors as a store of value in the future, as Bitcoin takes over the world by storm. If that happens, Gold will remain a "luxury item" used only for jewelry (a fashion statement).
Like you've said, the future can't be predicted. Who knows? Maybe Gold and Bitcoin will co-exist in the future. Just like how CBDCs will co-exist with crypto. It's a wild and crazy world, so anything's possible.
On top of that you are saying, it is also interesting to point out that Bitcoin is incredibly young still. Not even old enough to vote!
That means that there will be many people that still haven't really consider bitcoin as an investment, and there are more younger people that are arriving to investment age now.
This means that on top of all these companies now starting to invest in bitcoin there will be an increasing amount of people also investing in bitcoin.