Is bitcoin the new gold?

in #bitcoin7 years ago

Across modern finance history gold as an asset has been seen as a safe investment when the financial markets are going down or are about to crash. As you can see by this link the gold price began to increase when the latest financial crisis began 2008/2009:
Gold bar 3.jpg
https://goldprice.org/gold-price-chart.html

I wonder now if this will happen again when a new crisis emerge and the financial markets go down. The reason I question this is because of bitcoin. My theory is that bitcoin will replace gold more and more as a safe investment when the regular financial markets are going down. Of course, gold is a commodity and will always have it's value but I think it will loose its place as the number one stable and safe investment in the future.

As of today bitcoin is only seen as an alternative speculative investment for many and a great way to diversify your portfolio, but as the cryptomarket and cryptocurrencies matures more and becomes more widely adopted I think bitcoin will be the number one safe investment when the regular markets are spiraling. It may not happen in the next crisis but in the future we will se a shift from gold to bitcoin. It also makes sense when you look at the digitalization trend that sweeps across the globe. As society becomes more and more digitized we will see more purely digitized assets like bitcoin replace physical assets like gold as a preferred choice of investment. I don't think bitcoin will be the number one crypto when it comes to blockchain technology. But it will be the number one safe investment just because of it being the first and original cryptocurrency, which gives it a huge advantage towards competitors when it comes to marketing.

Thoughts on this??? Write a comment if you agree or disagree

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good going .....................your a new steemit?

Yes, really like the idea and platform