One good thing about Gold is it can easily be liquidated in time when you need money whenever and wherever you are. Simple as gold ring, gold necklace or earrings can be turned to money just by walking in to pawnshops and you walk out with money on your hands. Bitcoin is starting to be a good asset nowadays because its continues to increase however, if you are in a place where electricity and internet is absent, its going to be hard for you to liquidate your Crypto assets.
That's certainly true, mate. Even so, both Gold and Bitcoin seem to be ideal tools for living a worry-free financial life if used right. In times where Gold cannot be transported safely across countries (due to lack of portability), or simply divided into small fractions, Bitcoin is the true winner. However, there will be times where Internet access will not be available, leading us to use other means like Gold or physical cash. In here, Gold would be the winner since it has retained its value for a long time. Unlike cash, Gold is scarce in the same way as Bitcoin. You can use Gold for emergency situations, while Bitcoin can be used as for making worldwide payments in a safe and secure manner.
Still though, Gold has greater liquidity and a higher market cap than Bitcoin itself. This is probably because Gold has been around for a few years while Bitcoin is relatively new to the world. Despite this, Bitcoin's quick rise within just a few years of inception shows us that it has the potential of becoming closer to Gold within the not-so-distant future.
Nonetheless, it's believed that Gold will be digitized or tokenized within existing Blockchain systems. It's already happening now where Gold is issued digitally by some custodians (like Digix and Vaultoro). In the end, both assets (Gold and BTC) will head their separate ways for the foreseeable future. But one thing for sure, is that Bitcoin's scarcity makes it look a lot more like Gold than anything else. Just my thoughts
