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This is because bitcoin depends on the market forces of demand and supply and its supply is limited buti the demand is un limited so the sky is the limit
added by Anonymous 1202 days ago 0    0

Could Bitcoin displace Gold as favored Safe Haven Currency?
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The recent rise of Bitcoin price could be traced back to when on 11 May 2020 when the mining reward was significantly reduced to 6.25 newly created bitcoins per block added to the Blockchain will keep getting lower every 4 years with the limitation of available 21M Bitcoins leftover meaning lower supply causing higher price plus PayPal recently accepting Bitcoin as Cryptocurrency while it seems BTC price rises causes Gold prices to decline in opposite reaction so could Bitcoin displace Gold as favored Safe Haven Currency?

How do you vote?

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Gold has been a safe heaven as a store of value for many countries for a long time and it's impossible for bitcoin with it's challenges to replace Gold.
added by Anonymous 972 days ago 0    0

Never gold is God's money it has been used as money for long time. So it must remain and now Bitcoin it has m as many limitations

added by Anonymous 1189 days ago 0    0

Yes, many funds are investing in bitcoin instead of gold but what if governments make unlawful anonymous transactions? Yes, PayPal and several other companies are accepting bitcoins but when they get bitcoins they immediately convert them to fiat currency
added by 1000044077 1208 days ago 2    0

Bitcoin is gonna decrease in price as Yem the rainbow currency increases in value. This is because if you resist the disruption, it will crush you but if you know the disruption and follow it, you will be well with the disruption and you will gain in it. I relate this to the Greatest Disruption that will occur shortly which is the return of Jesus Christ
added by 1001099711 1211 days ago 4    0