Can bitcoin replace gold? Bitcoin Value positioning analysis

Bitcoin has once again become a hot topic as Bitcoin prices break through $8000 trillion. As the price of Bitcoin soared, people began to discuss whether Bitcoin could become the world's currency, or even whether Bitcoin could replace gold as a collection.
does Bitcoin have a chance to replace gold?

I believe that Bitcoin will become the same as gold with the collection, preservation of investment products. Taking gold and silver as an example, gold and silver are difficult to forge, easy to split, easy to carry characteristics, in the history of more than thousands of years by human selection, become the human currency. Bitcoin also has anti-counterfeiting, easy to split, portability features, but due to network restrictions can not be truly convenient, perhaps in the future network to achieve no dead-angle radiation, Bitcoin can achieve real ease of use.

Bitcoin's hard-to-shake position in the short term

"Gold and silver are natural not money, money is natural gold and silver. "Marx's statement said that gold and silver became the root cause of money — People's trust in gold and silver. This trust has been carved into the bones of the people after the baptism of time. Because of the stable storage of gold, mature industrial and decorative uses, any one who does not understand the price of gold and silver, but also know the value of gold and silver bearing. But people know very little about Bitcoin, Bitcoin is the lack of such a period of time to precipitate the trust brought about by the foundation, become bitcoin can not replace the important factor of gold status.

But Bitcoin will certainly not want to replace gold, and if that day Bitcoin replaces gold, it loses its meaning.

In terms of positioning, although gold is known as the natural currency, its scarcity and non-renewable nature cannot cope with the growing economic system, making it impossible to become a trading medium, and now gold has lost its function as a currency. Bitcoin is a non-government-issued currency. The purpose of its existence is to become a trading medium, which ultimately allows people to use the trading medium to measure the value of the object. This is why Bitcoin does not want to replace gold, as a currency, how it may be willing to lose its payment as gold, and the loss of a paid Bitcoin is an obsolete currency.

In terms of connotation, the core of bitcoin is not in the currency itself, but in its underlying blockchain technology. For a chestnut, Winklevoss brothers on the idea of Facebook with Zuckerberg for 4 years, if the Bitcoin (blockchain) came out early, the two can be creative copy packaging encryption, upload to the blockchain, in the global calculation and time stamp of the protection of a few fake possible (already someone is doing this, see proof of existence.). This is one of the blockchain applications, called the existence of proof. The Bitcoin ecosystem built on the blockchain contains many possibilities, which is the biggest difference between it and gold, because the former belongs to the future.

unlimited potential for blockchain ecosystems

At present, the blockchain has been in the field of supply chain finance (one Connaught Finance), Digital assets (Bumong blockchain), traceability (only chain), medical (health chain) and other fields have been landed in practice. In the future, with the combination of mobile AI, Internet of things, blockchain and other new technologies, Blockchain will play a more important role in centralized, trustworthy and non-tamper features. Bitcoin is built on a blockchain technology with an infinite amount of imagination, and it naturally offers better opportunities for development.

Finally, I always believe that the idea is higher than the technology, and the technology is higher than the product. Regardless of the decline of bitcoin after years, technology and philosophy have sown the seeds, as to whether Bitcoin changes the world or the traditional financial institutions to innovate, it is important.