No, I don't think Bitcoin won't replace oil and gold, although we know that gold is not more flexible than Bitcoin. Bitcoin's existence is very small at the moment when compared to some resource businesses in the world.Bitcoin has monetary value but that doesn't mean it will replace these things, the price will go up but that does not mean is oil and gold will be lost. Oil will have a place in the economy, even though oil prices are plummeting. Gold will always hold a value and it is the fact about the physical metal of the gold metal. higher value and but in terms of quality and applications in everyday life such as creating machine parts to serve production needs, BTC cannot be compared with gold.
What happens is that from the point of view of utility, gold and oil are very different from each other, oil represents money and has a market very different from that of bitcoin, because it obeys many stability standards that governments and banks seek. , Gold is by definition the best option to get out of crisis,. Bitcoin currently represents technology and guides a new path to what will be a more moved future that can replace many things, but oil such as gold cannot be compared with BTC, nor can they compete, the 3 represent money, and with very different applications that offer different utilities, from that point of view we can evaluate it that way.
