Most probably Bitcoin would not fully replace gold and silver as investment alternatives.
Bitcoin does function at the moment as a store of value, but due to the Bitcoin's volatility the flagship cryptocurrency is still considered risky.
What is more, gold is bought massively by central banks, which function as a price stabilizer for both gold and silver.
Gold as a material is virtually indestructible. The same is said for Bitcoin in its electronic form.
Gold, however, has a long history of investment worship.
Bitcoin will find it difficult to replace gold and silver as n investment opportunity.
Disclaimer: The blog post is not to be construed as investment recommendation or a solicitation to buy or sell securities, cryptocurrencies.
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