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But the question is when will gold become history, when will that happen, 10 years or 100 years from now? I have been hearing bitcoin investors talk about bitcoin replacing gold for years. But what is happening is that gold continues to dominate, and is the top choice of governments and major investors regardless of the global economic situation.
Although bitcoin has also grown significantly over the past year, it is showing signs of weakness and dumping due to the uncertain economic situation. How can an asset being dumped due to inflation, tariffs...economic instability become a store of value and replace gold?
I am also a bitcoin investor, to be honest, I doubt that bitcoin can replace gold in the next few decades.
To be fair, no one has a crystal ball to predict the future and I don't deny the scenario that bitcoin could overtake gold in the future. But based on what has been happening: bitcoin is being dumped and gold continue to rise thanks to increased global demand. Not only are central banks scrambling to buy but ordinary people also have a demand for gold, while bitcoin prices can only rise when there is positive news and many people are selling because of fear of recession. Looking at that I can say that bitcoin is unlikely to surpass gold in the near future or in the next few decades as I said.
Many people expect the United States to usher in a digital golden age, they expect the US government to sell gold to buy bitcoin. But in fact the opposite is happening, the US is increasing its gold imports in January to a record level.
https://x.com/KobeissiLetter/status/1905631085205020941
Original archived Re: Increasing dominance of gold
Scraped on 06/04/2025, 12:38:17 UTC
But the question is when will gold become history, when will that happen, 10 years or 100 years from now? I have been hearing bitcoin investors talk about bitcoin replacing gold for years. But what is happening is that gold continues to dominate, and is the top choice of governments and major investors regardless of the global economic situation.
Although bitcoin has also grown significantly over the past year, it is showing signs of weakness and dumping due to the uncertain economic situation. How can an asset being dumped due to inflation, tariffs...economic instability become a store of value and replace gold?
I am also a bitcoin investor, to be honest, I doubt that bitcoin can replace gold in the next few decades.
To be fair, no one has a crystal ball to predict the future and I don't deny the scenario that bitcoin could overtake gold in the future. But based on what has been happening: bitcoin is being dumped and gold continue to rise thanks to increased global demand. Not only are central banks scrambling to buy but ordinary people also have a demand for gold, while bitcoin prices can only rise when there is positive news and many people are selling because of fear of recession. Looking at that I can say that bitcoin is unlikely to surpass gold in the near future or in the next few decades as I said.
Many people expect the United States to usher in a digital golden age, they expect the US government to sell gold to buy bitcoin. But in fact the opposite is happening, the US is increasing its gold imports in January to a record level.
https://x.com/KobeissiLetter/status/1905631085205020941