During times of economic stability, gold loses its appeal to investors as people tend to look for risky investments for better returns. But gold will always be the top choice of central banks, they will not stop buying gold regardless of the price because they need a safe haven to protect the economy. That is why the demand for gold never stops no matter what the economy is like.
I don't deny, bitcoin is always superior in terms of profit because bitcoin is younger, smaller capitalization, more volatile and I also choose to invest in bitcoin. But I mean, bitcoin is unlikely to surpass gold in terms of capitalization. I don't think bitcoin can overtake gold as easily as many other bitcoin investors imagine.
I don't deny, bitcoin is always superior in terms of profit because bitcoin is younger, smaller capitalization, more volatile and I also choose to invest in bitcoin. But I mean, bitcoin is unlikely to surpass gold in terms of capitalization. I don't think bitcoin can overtake gold as easily as many other bitcoin investors imagine.
Well, I think central banks will eventually add Bitcoin to their reserves. It's much easier to "store", audit/verify, and transport (as in transfering Bitcoin across the Internet). BTC's benefits outweigh Gold's benefits, imo. It's just that it's too early for Bitcoin to replace the "yellow metal". After all, the latter has been trusted for centuries.
With how fast Bitcoin has been rising in price, I think it will surpass Gold's market cap soon. Just ignore the FUD, and keep filling your wallets with BTC. You'll thank me later.
