Though many bitcoin investors believe multi-layer scaling solutions such as the Lightning Network (LN) will eventually make BTC a viable payment instrument, most argue that the flagship cryptocurrency’s primary short-term use case is as “digital gold.” However, an equity analyst Kristoffer Inton at one of the world’s most respected investment research firms, Morningstar Research Services, noted that he doesn’t expect bitcoin to make a noticeable dent into the yellow metal’s market share, if bitcoin did begin to replace gold as a safe haven asset, it would represent a “seismic shift” in the investment case for the precious metal as 40 percent of gold demand comes from investors.
Source: https://www.ccn.com/bitcoin-will-not-challenge-gold-as-a-safe-haven-asset-equity-analyst/