A few days ago, CZ participated in that showdown between Bitcoin and gold, which suddenly made me imagine a scene from centuries ago—the long-lasting debate between cars and horse-drawn carriages when automobiles first appeared. We all know the outcome: horse-drawn carriages were crushed.
What is gold actually used for? This question is worth thinking about. If you look at it purely from the perspective of asset portability and transfer, it is indeed a bit cumbersome. In the digital age, gold clearly can't keep up, and BTC's advantages in this regard are almost overwhelming.
Of course, whether gold can be completely replaced is something that still needs to be observed.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
MEVHunter_9000
· 15h ago
Gold is just an old relic, really. It doesn't stand a chance compared to digital assets.
View OriginalReply0
NotFinancialAdviser
· 12-06 14:40
The carriage analogy is pretty good, but gold doesn't necessarily have to be upgraded—it's possible that both could coexist and do well.
View OriginalReply0
GateUser-26d7f434
· 12-06 14:40
Gold: I’m old, but I still have value...
BTC: That’s your business.
---
Horse-drawn carriages haven’t completely disappeared even now, so how could gold just be wiped out?
---
“Dimensionality reduction attack” is such a perfect term, haha. But to truly replace gold completely isn’t that easy.
---
Didn’t watch that CZ showdown, but this analogy is brilliant—cars really did instantly wipe out horse-drawn carriages.
---
The thing is, at least you can wear gold around your neck to show off. BTC? You can see it in your cold wallet, but you can’t touch it.
---
All things considered, gold’s been around for thousands of years and still hasn’t been eliminated. Digital assets have only been here a few years—don’t get too cocky.
---
When it comes to carrying and transferring, BTC definitely has the edge. But gold has its own legacy and stories. If we’re talking about one totally replacing the other, it’s still way too soon.
View OriginalReply0
DefiPlaybook
· 12-06 14:19
According to on-chain data, gold’s liquidity premium is indeed declining— in 2024, tokenized gold’s TVL accounts for only about 0.3% of global gold reserves, while BTC’s market cap has already surpassed $1.3 trillion. However, here’s a risk warning: don’t overestimate the speed of this substitution. Central banks are still tightly holding onto over 40,000 tons of gold, and there are no real signs of a shift in the short term.
View OriginalReply0
ChainSherlockGirl
· 12-06 14:18
In my analysis, gold is like a carriage abandoned by the times, while BTC is the real supercar—a dimensionality reduction strike is no exaggeration.
A few days ago, CZ participated in that showdown between Bitcoin and gold, which suddenly made me imagine a scene from centuries ago—the long-lasting debate between cars and horse-drawn carriages when automobiles first appeared. We all know the outcome: horse-drawn carriages were crushed.
What is gold actually used for? This question is worth thinking about. If you look at it purely from the perspective of asset portability and transfer, it is indeed a bit cumbersome. In the digital age, gold clearly can't keep up, and BTC's advantages in this regard are almost overwhelming.
Of course, whether gold can be completely replaced is something that still needs to be observed.