Bitcoin vs Gold: Which is a Better Long-Term Bet?

[Cryptoinna]

Era of gold is in the past or gold has new BTC face

[GreyWyvern]

I think there will always be a place for gold. It will always have a value, and beat inflation, but its days as the default hedge against the US dollar are coming to a close.

IMHO in 50 years, owning gold will be no more different than owning any metal for investment purposes: Silver, Palladium, Platinum, Copper, etc. Just another commodity that used to have exalted status sometime in our history, like salt, beads, shells or blankets.

[Possum577]

I think there will always be a place for gold. It will always have a value, and beat inflation, but its days as the default hedge against the US dollar are coming to a close.

Agreed.

But Gold will serve it's most valuable use as a hedge against fiat inflation. It's stable, relatively finite in supply (at least cannot be created with a printing machine. and in times when electricity is scarce it will be a great form of currency.

But Bitcoin is replacing Gold as a non-government, non-corporate, commodity-like investment. People need to be willing to ride the waves of volatility but Bitcoin, Litecoin, and others are the new commodity. And for those of us who've been in this scene for years it's amazing how much adoption is ahead of us. There is so much upside, it's incredible.