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?
If we compare it to the fact that gold has dominated for thousands of years and Bitcoin has been around since 2009, then it can be seen that Bitcoin has gained a lot of popularity and has come a long way in these few years. If Bitcoin continues to gain popularity among people and its price continues to increase, then it will not be long before Bitcoin surpasses gold.
The price of Bitcoin will definitely be $200,000, but it will be met very soon. In addition, many valuable people in the world have made very positive comments about Bitcoin and predicted that Bitcoin will soon reach $1 million, so it can be said that it will reach $200,000 and there is a possibility of reaching $1 million, but it will be soon.