Quote from: Abiky on Today at 11:54:06 AM

Quote from: fuguebtc on April 05, 2025, 03:02:52 AM

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.

I don't think 10 years will be enough for Gold to become history. Bitcoin is just getting started. It might as well take 100 years (another century) before that happens. The market is too volatile, anyways. There's a long road ahead before it reaches stability.

My guess is that Bitcoin will be "solid enough" to become Gold's successor once the very last coin is mined (which will happen around 2140). Neither you or I will be alive by the time that happens. Either way, Satoshi intended Bitcoin to be used as "digital cash". Not "digital Gold" or a "store of value". But the limited supply and unmatched security/reliability, makes people think otherwise. We can never tell what the future holds for both BTC and Gold. So I'd diversify my investment just to be safe.

Gold will be an option in maintaining value that does not have high fluctuations, bitcoin still has high fluctuations so that most governments and institutions make more purchases of gold than bitcoin even though today we see some countries making purchases of bitcoin but little of the portfolio they share to buy bitcoin.

Talking about bitcoin as a substitute for gold I think it will not happen it will only be an alternative even though many claim that bitcoin is digital gold, it is just a framing taken from some of the same properties of both in different places, diversifying both is one of the safest forms of investment we can take now.