Tech

Is Bitcoin Going to Replace Gold in The Future: Here Is What Experts Are Saying

Published

6 years ago

June 8, 2020

For a very long time, a particular form of conversation is gaining ground in crypto circles. This conversation revolves around the nature of Bitcoin, and whether it can replace gold. In recent times, Bitcoin’s ability as a solid hedge has attracted the attention of investors, who feel that the crypto stands to become a stable hedge in the future.

In this article, we are going to look at whether this is a mere conjecture, or is there any truth to the matter. We will also look at some properties, which has made investors proclaim Bitcoin as the new ‘digital gold’. Finally, we will look at either side of opinions and see what supporters and critics are saying.

Bitcoin and Gold: Similarities

One of the first things, which we should discuss, pertains to how Bitcoin is similar to gold in some important respects.

Both Bitcoin and Gold are available on earth in finite or limited quantities. This means that they do not have unlimited supply. If you do not have limitless supply, the value of an asset is fixed as a store of value.

Both Bitcoin and Gold can be easily transferred across countries and continents. In other words, they both enjoy universal acceptability. You can exchange your gold for currency in Russia, in the same way you can in Puerto Rico. The same holds true for Bitcoins as well.

Can Bitcoin emerge as a credible ‘Store of Value’ in different countries?

One of the major arguments, which is being forwarded pertains to the development of Bitcoins in the developing world. If you are familiar with the economic situation and financial happenings in the underdeveloped world, you will realise how their currencies suffer from extreme volatility.

This means that a pound of bread could be worth 10 or 1000 within one week. As a store of value, Bitcoin could help remove this volatility and stabilise the economy in a major way. Experts point out currency losing value is not only a concern for the masses.

It is also very bad news for governments and central banks who have to exchange their currencies to buy global supplies like oil, food and medicines. Another major reason contributing to the push for Bitcoin over Gold are the Millennials and Gen Z.

The above generations are products of a digital economy. They shop, eat, travel online and expect their currency to be virtual also. This makes them the generation who is going to call all the shots in the near future. In other words, for the younger generation, it is all about crypto. Visit bitcoin up if you are interested in bitcoin trading.

Bitcoin cannot replace Gold: What are the sceptics saying?

There is no doubt that Bitcoin still has a long way when it comes to replacing gold. However, critics who believe that Bitcoin can never achieve that distinction based on concrete points.

They point out that the underdeveloped world does not have access to electricity and the internet at all times. In such a situation, it is practically impossible to have a currency system, which has at its foundation, electricity and the internet.

Another reason that they put forth is the fact that gold has different uses apart from just being a store of value. For example, gold is extensively used in jewellery making. It also finds rampant use in industries like electronics, and medical services like dentistry.

However, to counter the same, Bitcoin advocates use the Blockchain technology argument, they state that modern communications, payments and supply chains can be built using Blockchain tech.

Conclusion

Whether, Bitcoin will ever be able to replace gold is something, which only time will be able to tell us. However, going by the initial responses, Bitcoin continues to show us a promising future. We will all have to wait and see whether we are able to see this reality within our lifetimes or not.

Tech

How iAsk Visual Search Captures and Delivers Detailed Insights from the World You See

Published

3 weeks ago

December 19, 2025

Michelle Langton

Photo Courtesy of: iAsk.ai

Byline: Shem Albert

There are moments when the world around you sparks curiosity, yet you do not even know the word for what you are seeing. You describe it in painstaking detail, type and retype, scroll through search results, hoping something matches. Minutes pass, sometimes longer, just to uncover a simple answer. That experience of encountering something unfamiliar and struggling to put it into words is all too common, yet often goes unnoticed. With a single photo, however, everything changes. iAsk Visual Search bridges that gap. Suddenly, the mystery becomes an opportunity to learn, experiment, or act in the moment.

Turning Discovery into Action

Using iAsk Visual Search is simple, yet the possibilities it opens up are immediate. You open the app and snap a photo of the object, diagram, or scene that has caught your attention. Instantly, the app identifies what it sees and provides context, turning a moment of curiosity into a starting point for exploration. From there, you can ask follow-up questions to dig deeper, consider alternatives, or uncover how something works in practical terms.

This goes far beyond basic identification. Where traditional image recognition might simply name an object or offer a brief description, iAsk lets you continue the conversation. It remembers the image, so you can explore multiple layers of information without starting over. What begins as a single observation quickly expands into actionable insights you can apply immediately.

Real-World Applications in Everyday Life

The real test of significance for iAsk Visual Search is how it is used in a user’s everyday life. Novice cooks and experienced chefs can rely on it to identify an unfamiliar ingredient and ask follow-up questions, such as preparation tips, cooking methods, or possible substitutions. Users can experiment with complementary flavors or adapt recipes based on what is available in their pantry, reducing hesitation and encouraging culinary creativity.

A quick snapshot of a street sign, menu, or product label in a foreign language is another way iAsk Visual Search supports everyday tasks. Users can ask follow-up questions to clarify translations, understand cultural context, or receive practical guidance. This enables individuals to navigate unfamiliar environments with confidence and ease.

These examples illustrate how iAsk Visual Search can become a versatile companion in daily life. It can serve as a travel guide, a study aid, or a creative assistant. Artists, crafters, and curious hobbyists can explore materials, techniques, or designs with guidance that is immediate and interactive. Each interaction transforms curiosity into tangible results, empowering users to act on the knowledge they gain instantly.

A Tool That Stands Apart

iAsk Visual Search stands out for its interactive, context-sensitive design. Users can maintain an ongoing dialogue with the app, exploring details without losing sight of the original image. This makes it possible to investigate complex subjects and adapt the information to specific tasks.

Privacy and accessibility are central to the experience. Images are not stored, personal data is not tracked, and there are no ads to interrupt the workflow. The app is available across multiple platforms without subscription barriers, making it accessible to students, parents, hobbyists, and professionals alike.

Curiosity Translated into Results

iAsk Visual Search turns a simple photo into an understanding you can act on. Whether it’s decoding a diagram, identifying an object, or untangling a confusing concept, a snapshot instantly delivers context, explanations, and next steps. It doesn’t just show you — it teaches you, guiding each discovery into something useful.

Every question becomes a chance to learn, explore, or create. From the kitchen to the classroom, the trailhead to the studio, iAsk makes the world clearer and curiosity immediately productive.

Snap. Ask. Learn. Then act. The answers are there. All you need to do is iAsk.