Will Bitcoin replace Gold someday?
Will Bitcoin replace Gold someday?
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Nothing can replace the position of the Gold in the stock market.
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Bitcoin will replace gold and soar in price to $700,000, says major investor
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Bitcoin can never replace gold here at the least. It is very possible it will run in conjunction. I don't think gold will become redundant as a store of value but as BTC becomes more stable with a larger market cap more and more people will see it as a viable digital alternative.
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This one’s a bit tough to answer. Gold has been used an investment for ages, probably going back about 5000 years as far as I know. It’s most definitely a hedge against inflation used by several wealthy people, banks, institutions and governments across the world.
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I don't think so. It is hard to assume that Bitcoin will replace Gold one day despite the impressive performance it has been showing recently. It might go on par Gold but not to the extent of replacing it.
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