I don't think it really affected the gold markets THAT much yet, though I wouldn't be surprised if it does take a huge percentage of the gold markets sometime in the future; it's pretty much just a matter of 'when'.

Here's a not-the-same-but-really-similar topic: Millennials Are Twice As Likely To Buy Bitcoin Than Gold https://bt.irlbtc.com/view/5298360.0

It's inevitable though, we have seen some gold bugs moving to crypto specifically bitcoin because as investors, they are looking for a good asset that they can use to hedge their wealth. And besides the price of bitcoin is new all time high levels, that's why many of gold investors are diversifying their portfolio to include the 'digital gold' in their assets.

And I'm thinking that if we could take a piece of that slice and get those investors to shift to bitcoin, then this is the next phase that we are looking for to shoot the price to $50,000 - to six digits.

Bitcoin vs. Gold: following the recent stock market turbulence, especially in the last few months or so, people have begun to increasingly look at gold as safe haven investment. In the meantime though, cryptocurrencies or Bitcoin investments have also unexpectedly expanded. According to financial analysts, and though equity prices were increasing before the Covid 19 pandemic, Bitcoin was incredibly unpredictable. So as an investment, is Bitcoin better? Experts claim in current circumstances that it is gold that scores above cryptocurrency to its famous bitcoin type. The explanation for this is that gold investing has proper oversight, while bitcoin investment is not at all regulated. its extreme uncertainty still renders it unsuitable, even for those who have previously invested in it.


 

Lol that's right no one would've believe bitcoin is a thing now and scaring potential investors isn't even hard because of the risks involving cryptos. All the bullish of Bitcoin these times inspite of the rise it wil be hard to recruit some investors just to buy bitcoin, I think he confused himself from the post and didn't read most of what's on the article.

People will once in a while move their cash from one investment platform to another and that is what they have done from gold and other assets to Bitcoin now. It is not something new as everyone want to always safeguard their capital and keep a good profit margin. Soon, the money from Bitcoin will also move out elsewhere either to altcoins or to stocks or even back to gold. It is a circle.

Bitcoin vs Gold? I wonder who will win

I don't think that the popularity of crypto will impact the gold market. Gold has its own market, while crypto also has its market. But if the demand for gold increases, that will make the price will also increase. I think that will happens too with the bitcoin price. But gold still the people's favorite to save their money, but soon, they will also know that bitcoin can do the same as gold.

Why compare these two assets when you can trade each of them?

Partially agree with JP Morgan before few years people were investing only on gold because it was the huge amounted asset which will give you big returns, gold is stable investment that is almost a guaranteed return on our investment but BTC has surpassed everything and changed the revolution.

Right now BTC is a better investment comparing to gold but you also have the potential to lose lot of money, to me both are like rank holders and BTC would be declared as winner.

This is all about investment strategies. How much has gold return in term of profit as compared to that of Bitcoin, portfolio managers know which one to choose and 2021 will be epic, not only Gold but the stock market will suffer for cryptocurrencies.