No, Bitcoin will not replace oil and gold, even though we know that gold is no more flexible than Bitcoin. Currently the existence of Bitcoin is very small when compared to some resource businesses in the world. We can't force the will we like to be able to rule the world easily, it takes a long process, maybe even requires evolution first in Bitcoin to be able to completely replace oil and gold.

The scale of gold and oil production currently leaves Bitcoin because these natural resources are better known for a long time and ordinary people understand more about the resources that are mined by digging the ground. In addition, real results and also a large turnover have made big companies compete to get more natural resources with increasingly complex equipment.

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https://medium.com/currency-waves/bitcoins-energy-consumption-7c14f53dd059

The electricity used by bitcoin miners is only 0.1% when compared to the electricity used by some natural resource miners.

It is never possible for bitcoin to replace oil and gold because bitcoin is so predominant in the world of decentralized crypto with oil and gold linked to the country's economy it will depend on the country's government. If the system of import and export trade is far away the price of these will increase at present the value of these items has come down a lot due to the fact that the country's economy has been hit by the epidemic and inflation has risen these natural resources cannot be replaced by any organization.

Gold and Oil as it stands today are mainly commodity. Bitcoin is digital money. So their functionality differs. Therefore you cannot categorically expect that Bitcoin will replace Oil and Gold.

What you are saying is very impossible. yes bitcoin is becoming more and more popular today and its adoption in different parts of the world is spreading rapidly,especially in this time that covid 19 pandemic hit many businesses, and because cryptocurrency is not so much affected by it and it's demand increased even more. But still it will never be happen that bitcoin will replace gold and oil someday because they are totally different.

I don't think bitcoins can replace an actual commodity so easily. In my mind bitcoin is more of a currency than a commodity. Because you cant use bitcoins to fuel your car and plane. Same for gold, as long as we are using gold for jewellery there will be people paying a lot of money for it.  These two commodities have been used by humans for a long time. They can't just disappear.

What is more likely that we will see bitcoins as the main international currency, so all these commodities would be quoted in bitcoins rather than USD.

I don't think that bitcoin will replace oil and gold, there are important things that both things can do in our country, without oil, we can have any transportation in our country, we cannot start any vehicle, we cannot do export and import which is good for the economy. Bitcoin is really good and valuable for everyone but it doesn't mean that it can replace both things. It is only good as an alternative currency for fiat currency. We can love without BTC but we cannot live without oil at all.

You are all wrong. because, Bitcoin will not replace oil, gold or any other thing. All these markets are having own reactions and own benefits for people and depending on people interest and usually patient and risk level they can chose a market. Considering the gold huge demand and incensing demand over time, it has a very huge, old and more stable market and nothing and replace gold at lest not that soon. But, in the other hand, bitcoin is a high risk and unstable market and ideal for long term holders, bitcoin market is defiantly rising but this can't get more marketcap than oil and specially gold.

I mean yes this!!
You are correct
The btc will not become oil or gold.

It just will replace the oil and Gold position in Investment area

They are clearly different in every aspect and no resemblance. Anything that can replace the other is what are the same maybe in shape or size, function and operation but bitcoin, gold or oil are not same. In talking about oil, how can oil be in same thing with bitcoin to be replaced? Not possible I think so.

I don't think that this is what will gonna happen,

Oil, gold and bitcoin have their own respective market and investors. Investors on those investments have their own opinion, decision, and choices when it comes to their investment. And most of the time, investors do prefer to secure their investment, the investment where they can really earn.