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 is a well and fast developing coin, so when someone says bitcoin could surpass gold its something that could probably happen but not anytime soon, over the years gold has shown its dominance in the market cap, and it can not be compared with bitcoin in that aspect, the coin still have a long way to go, but that doesn't mean it will not be able to accomplish such, you all can see the coins past result it has shown aggressiveness in terms of potentials, so there is a high probability that the coin might surpass gold in the future.