Bitcoin may rise to number 2 but saying that it will surpass gold and become the world's number 1 asset is unlikely to happen in the near future. The gap between Bitcoin and the top corporations is just $1 trillion. But gold has a market capitalization 10 times that of bitcoin and is likely to continue to rise sharply in the coming years as geopolitical uncertainty increases. It will be a long and challenging road for bitcoin to catch up to gold, let alone surpass it.
The world is moving to bitcoin but central banks are still on the sidelines and this is a big barrier. Bitcoin only has a chance of surpassing gold if it is chosen and held by central banks and governments.
Some countries being against bitcoin certainly doesn’t help speed up the process. I am not expecting bitcoin to cruise through the top assets and surpass gold in no time but there is a possibility that we can’t deny. We have seen what bitcoin can do in a few years time what else can it do in more? Even if bitcoin doesn’t surpass gold, we can always say that bitcoin has become a successful asset.
To be fair, bitcoin won't easily surpass gold because gold is an asset that has been used for thousands of years, through many wars, great recessions, economic crises, pandemics...It showed the world its potential and the world had complete faith in it without any doubt. Meanwhile, let's see how the world is treating bitcoin? Many people don't even know or care about it, and policies related to it are still controversial among politicians or central banks...How can it surpass gold in the near future with those?
Just because we are bitcoin investors we are biased towards it, but if we dare to face the reality, bitcoin cannot even surpass gold in this century.
But you're right, whether it beats gold or not, it's still a successful asset.