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Well, I don't see the point of actually comparing gold and Bitcoin side by side. Today, we are already away from the gold standard so that most countries are not anymore basing the value of their currencies to the gold they are holding, though there seems to be a movement to get back into that standard probably to experience again the known stability and safe haven provided by gold.
Gold is gold no matter how we may like or dislike it...this is something physical and there are many uses of gold that a digital one can not do. Now, the same thing with cryptocurrency there are advantages and benefits that gold can not offer. These are two are good assets to invest with, though Bitcoin is known to be volatile (and we are experiencing it now with its upswing movements) while gold is more of a steady type and because of this the return on investment can never be that so high.
Right now, gold is not the world currency so is Bitcoin. And it can be taking a lot of time and circumstances before anything can be replacing the might (though depleting) of the USA Dollar. The future is something we can never know though we can speculate and even wish. Let's watch on what can and will be...and that can be an exciting thing.
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Bitcoin might be a scale of country's wealth?
We all know gold in the ancient time after it was discovered it became part of the greatest wealth of a kingdom and the treasures that all invaders longed for. Gold is also the best offering in human history as far as treasures is concern (I'm sure even today). There's nothing we can ever imagine as dominant and as popular than gold. Until ten years ago bitcoin was born and no one thought it would be in great value the first time it is introduced to the world except the believers.
Now in just 10 years 1 bitcoin can make someone rich who is living in the third world. Bitcoin market current capitalization is at $227 billion, while gold is 40 times bigger which currently is about $9 trillion. The highest gap is too obvious but of course this is just natural since gold has been in the market long before bitcoin is created.
Though the gap market capitalization of gold is high, we can see that bitcoin bears too much potential to reach the current market cap of gold. It is the first ever currency yet digital that holds an endless opportunity in the market the very unique thing we can compare to gold and might be a scale of a country's wealth in the future.
What do you think?
