Quote from: AmaGold70 on April 13, 2025, 12:00:07 AM

Quote from: SiliconHat on December 12, 2024, 04:23:08 PM

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?

I don't see Bitcoin surpassing gold anytime soon because gold's marketcap is was more higher than Bitcoin's price and gold has been in existence even before Bitcoin was created, gold's history and established role in the global economy has given it a potential strong foundation, I fall into both teams as I'm a lover of both digital gold and traditional gold as they are both valuable. Though I only have Bitcoin in my assets.

Both gold and Bitcoin are considered stores of value. However, gold has been around since ancient times, while Bitcoin has only been around for 15 years, having been established in 2009. Gold has been a valuable asset since ancient times and it is widely accepted around the world, while Bitcoin has not yet gained the same level of acceptance.

Governments are gradually moving away from opposing Bitcoin. They are becoming more aware of how they can accept Bitcoin. Where gold took thousands of years for people to build trust, I think Bitcoin has improved from that position in a very short period of time.