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?
Bitcoin will surely in the future surpasses gold or has already surpasses gold already with the way things are going because
1. Bitcoin is safer to keep than gold
2. More tradable
3. More accessable
4. Less risk than gold
Bitcoin has not surpassed Gold for now but it will in the future some set of people are saying it is impossible for Bitcoin to surpass Gold but one thing they forgot is that Gold has been in existence for thousands of years and Bitcoin is just 16 years old but is making this much wave, it will only take time but surely Bitcoin will surpass Gold, there was a time Bitcoin was just $1 and it moved from there to $1k and from there to $10k and to what it is now meaning as time goes on Bitcoin will keep growing more bigger and better with the way things are going now Bitcoin will surpass Gold in no time, more and more people are now becoming interested in Bitcoin investment and even countries are now showing interest in Bitcoin and some has already made a Bitcoin reserve for them self's.
Just like you said Bitcoin is more safe to keep than Gold some people always buy and keep gold for the future and sometimes they get stolen by another person because where they bought it from someone may have seen them and then start tracking them till they stole it from them but it is different in Bitcoin because only you will know that you have a Bitcoin except you decide to tell someone meaning there's more privacy in holding Bitcoin than Gold.