Latest questions:

5 How will Artificial Intelligence affect the future of work?

2 What to expect from community anchor institutions

5 The role of RFID and Digital Marketing

9 Expectation of Business class Travelers in Airlines!

0 Looking to outsource law firm lead generation. Any reputable services?

4 What is the Real Difference between Supply-Side and Demand-Side Economics?

4 Digital transformation strategy

11 Impact of Education using classroom based or virtual based

3 Fake news: how the Blue Monday got real

11 Opportunity or Scam?

Hot questions:

61 Profit vs. Customer Satisfaction

46 Obesity Prevention

34 Will Bitcoin hit $1M by the end of 2020?

32 Quality of Internal Innovation - low or really low

31 Sales Growth Strategy

29 Focus Groups - Dead or Alive?

29 How FDA is preparing for wave of change to personalized medicine?

28 KPIs in Supply chain Management

23 How technology will impact aging population in the future?

22 Amazon & Whole Foods

BACK TO QUESTIONS

Bitcoin is taking the place of gold?

3206 views

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

Bitcoin

Gold

Investments

Hassan Qudrat-Ullah
58 months ago

9 answers

Bitcoin introduces a whole new way to consider commerce, so I don't think Bitcoin will replace any of the traditional things in finance. However, what Bitcoin will do is transform the way we think about financial value and currency.

Debbie Reynolds
57 months ago

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
58 months ago

I agree that more volatility is bad for bitcoin to become a replacement of gold at any time soon. - Imane 58 months ago

Also, no regulation means a huge risk in Bitcoin transaction do exist. - Bo 58 months ago

Ralph Anderson, CPA, Bo Chen, and Imane BOUKHATEM, high risk and high volatility do not necessarily make anything as a fad. If we see “derivatives” and how big volume they trade-in, we can say Bitcoins will or can do the same. On the other hand, there is no tangible asset to back up, this creates doubts in their sustainability in the marketplace. - Tahir 57 months 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.

Imane B
58 months ago

In fact, it is going in the opposite direction. China has taken some serious actions. - Bo 58 months ago

I think Bitcoin is just a fad.

Ali Qudrat
58 months ago

Why would you think it is a fad? - Imane 58 months ago

Well, how can it not be fad when there is nothing physical asset to back ot up, would your tell why? - Ali 57 months 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 57 months ago

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

Wasim Safdar
58 months ago

I agree on withWasim Safdar. Bitcoin is so volatile, unpredictable, and highly manipulatable that people should not equate it to gold. - Ali 58 months ago

What if it becomes stable in few years? - Imane 58 months ago

Even then, it is too risky because no physical assets to back it up.. - Bo 58 months ago

The ordinary currency doesn't have assets too. It is just paper! - Imane 58 months 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 57 months ago

I agee with youAli Qudrat. I have no idea why people will invest when there to asset to back it up? - Bo 57 months ago

Do you know any published research in this regard? - Ali 57 months ago

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

Bo Chen
58 months 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 58 months 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 58 months ago

Imane BOUKHATEM and Hassan Qudrat-Ullah, besides China, no country in Europe has legalized the use of Bitcoins. It is tool for biig players to manage big money. With no assets to back it, how come its price is that high, perhaps just the speculations. - Ali 57 months ago

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

Reverend Sarah Garner
57 months 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
57 months ago

Yes, Tahir Iqbal, I agree that austhetic appeal of Gold is higher. - Hassan 57 months 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 57 months ago

Forbes just published an interesting article about this stating that "Bitcoin Is Like Gold … Just In The 1970s"
https://www.forbes.com/sites/matthougan/2019/08/21/bitcoin-vs-gold-is-bitcoin-really-a-new-safe-haven-asset/#b5298657ba1e
Do you agree with this? Any thought?

Paolo Beffagnotti
57 months ago

Without any tangible asset to back it up, it appears to be a fad. - Ali 57 months ago

Have some input?

BACK TO QUESTIONS

Latest questions:

Trending questions:

Hot questions:

Bitcoin is taking the place of gold?

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

9 answers

Have some input?

Thanks for making your first post!

Login to your account

Create your account

Recover password

Linkedin URL

Total Points:

Edit Message