Bitcoin is taking the place of gold?


Why do many analysts think Bitcoin is taking the place of gold as a safe haven?

Hassan Qudrat-Ullah
26 days ago

8 answers


Hi: I am not really sure but Bitcoin will be a more used payment currency in the future where Gold will not be as prominent. I feel Bitcoin will be very volatile over the next 5 or more years much more so then Gold will be,

Ralph Anderson, CPA
26 days ago
I agree that more volatility is bad for bitcoin to become a replacement of gold at any time soon. - Imane 25 days ago
Also, no regulation means a huge risk in Bitcoin transaction do exist. - Bo 24 days ago

If major giverments in the world make it legal and create markets for Bitcoins, only then it can. Until that happene hold on to your gold.

26 days ago
In fact, it is going in the opposite direction. China has taken some serious actions. - Bo 24 days ago

I think Bitcoin is just a fad.

Ali Qudrat
25 days ago
Why would you think it is a fad? - Imane 25 days ago
Well, how can it not be fad when there is nothing physical asset to back ot up, would your tell why? - Ali 15 days ago
While I agree with you both, Imane BOUKHATEM and Ali Qudrat, that this has no physical asset behind. There are other instruments like derivatives which are hugely traded globally.. - Tahir 10 hours ago

Bitcoin is not stable but gold is, so I don't think bitcoin can replace gold position as a safe haven.

Wasim Safdar
25 days ago
I agree on withWasim Safdar. Bitcoin is so volatile, unpredictable, and highly manipulatable that people should not equate it to gold. - Ali 25 days ago
What if it becomes stable in few years? - Imane 25 days ago
Even then, it is too risky because no physical assets to back it up.. - Bo 24 days ago
The ordinary currency doesn't have assets too. It is just paper! - Imane 24 days ago
Well, imagine this as an asset. Now this asset is based on what? Jut a hype or someones; ability to use Blockchain technology to churn out Bitcoins. In the end, someone has to pay, not? - Ali 19 days ago
I agee with youAli Qudrat. I have no idea why people will invest when there to asset to back it up? - Bo 19 days ago
Do you know any published research in this regard? - Ali 19 days ago

I don't think it wil work in China. Many governments are wary about the business of Bitcoin.

Bo Chen
24 days ago
If this does work in China, it will face difficulty in otehr countries as well. Unless, some kind of regulations and trust is not associated with Bitcoins, its success is in doubt. - Hassan 24 days ago
Maybe China will also re-think about it when others show the utility and befit of this digital currency revolution. I think this will an innovation the most admired by all of us soon. - Imane 21 days ago

I've read research/opinions on both sides of this debate for a couple of years. There are too many aspects to this debate. I'm all one for challenging paradigms and conventional wisdom, but I don't have a definitive opinion here.

Here is a recent video on the subject:

Vic Clesceri
24 days ago
Thank you, Vic Clesceri. This is an excellent video on the topic. - Hassan 24 days ago
Cryptocurrency is a thret for may powerful parties in the word. If they dominate the system it will work. But if not they will destroy it. - Imane 24 days ago
I think with blockchain technology, digital currencies might get a bit of more hype. In the long run, Gold is the king.. - Hassan 10 days ago
@hassan_qudratullahand Bo Chen, I agree with you that to some extent that digital cureecnt might work under some condistions or new regulations by some major economic forces. However, I still think it is not going to be sustainable trend. Sooner something new will replace it. - Imane 9 days ago
Hassan Qudrat-Ullah I agree with you that Gold is king all the times. We can check the historical developments of oits proces. The tredn is upward over the decades. I am not sure how Bitcoins can do the same. - Ali 8 days ago

I don't think Bitcoin will ever replace Gold. But I do own both Gold stocks and I own Bitcoin!

Reverend Sarah Garner
15 days ago

I think Bitcoin is a fad. Gold will never lose its luster and acceptance as a safe haven for investment. Also, the asthetic value of Gold is much appealing than Bitcoin to mots people.

Tahir Iqbal
8 days ago
Yes, Tahir Iqbal, I agree that austhetic appeal of Gold is higher. - Hassan 7 days ago
Well, Hassan Qudrat-Ullah, it is amazing to see how big investments are being made in Bitcoins despite the hudge unknown attached to this. - Tahir 6 days ago

Have some input?