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There is actually no point of Bitcoin replacing gold as they are all different assets and can be able to co-exist in the marketplace. There are use of gold that Bitcoin can't do and vice versa. Why do you think gold is rising right now if its future is perceived to be doomed because of Bitcoin? These two assets are to increase their value due to demand and known many uses and benefits.
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Will Bitcoin replace Gold someday?
In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts?
