Bitcoin, gold, and other safe-haven assets began pumping this week following news that the United States carried out military drone strikes that killed a high-ranking Iranian official, in fear of a war brewing between the two countries.
However, Bitcoin is now up over 20% year to date, while gold has only surged just 3%, suggesting that millennials prefer a digital store of value over a physical store, much like the precious metal that Baby Boomers have relied on for decades.
Bitcoin Rallies 21% While Gold Grows By Just 3%
During times of economic uncertainty or global turmoil, the price of gold often rises, dubbing it a safe haven asset during times of crisis due to its limited supply. Bitcoin is considered the digital counterpart to gold, and share many of the same attributes such as overall scarcity.
Related Reading | Is Crypto Yet Another Millenial Luxury?
Gold has been in favor for much of human existence. The precious metal was among the earliest forms of currency, earliest forms of tradable assets, and even today is regularly traded across financial markets. Because of its longevity and familiarity – everyone knows what gold is and what its used for, and even understand its value – it’s a favorite amongst Baby Boomers.
Bitcoin, however, is relatively new, unheard of, and very much still misunderstood by the general public. While they may have heard of the first-ever cryptocurrency at this point, they’re unlikely to know how to use it, or what its reason is for existing.
It really should come as no surprise that millennials who have watched the old guard mismanage money and grew up alongside the internet prefer Bitcoin over more traditional stores of value.
Percentage Growth Doesn’t Match Capital Inflow, Gold Wins
While the crypto asset often does retrace and wipe out much of its value, it also has a penchant for going on parabolic rallies that have turned even a $100 investment into millions throughout its short, eleven-year history.
Following the events transpiring in Iran and abroad, both gold and Bitcoin rose concurrently, but the leading cryptocurrency has outperformed gold by a factor of 7.
But while this is indeed true, Bitcoin has rallied over 21% while gold brought in just 3%, the amount of capital it took to drive gold up 3% versus BTC 21%, is significantly higher.
Gold market cap ~$7,500,000,000,000.Bitcoin market cap ~$225,000,000,000.
When gold goes up 3%, it adds $225,000,000,000 to its market cap. Yes, that's the whole market cap of Bitcoin.
And that's how gold is going to eat Bitcoin alive in the upcoming gold/Bitcoin bull market.
— Arthur van Pelt – Dragon Industries (@MyLegacyKit) June 26, 2019
Gold’s market cap is in the trillions, while Bitcoin’s is at around $150 billion. Back when Bitcoin’s market cap was $225,000 an economist said it took Bitcoin’s entire market cap to move gold just 3%.
So while Bitcoin certainly has outperformed gold in terms of percentage of gain, the amount of money invested into gold easily trumps the BTC market tenfold.
Related Reading | Analyst: Gold Bull Run to Eat Bitcoin Alive, Takes Entire BTC Cap to Move Price 3%
Bitcoin is expected to someday take over gold’s market cap and put the crypto asset’s market cap in the trillions of dollars. Should this happen, with only 21 million BTC, the crypto asset could reach prices well over $100,000 per BTC – which is exactly why millennials prefer Bitcoin over gold. The post appeared first on NewsBTC. origin »
On-chain analytics firm Santiment has explained how Bitcoin could currently be undervalued based on its 4-year correlation to Gold and S&P 500. Bitcoin Has Underperformed Against Gold & S&P 500 Recently In a new post on X, Santiment has discussed about BTC’s recent trend relative to Gold and S&P 500.
Bitcoin and gold have told two different stories so far in October, and neither matched what traders expected. For most of October, Bitcoin and gold looked like they were living in different markets.
Gold’s record-breaking rally has abruptly reversed, and Bitcoin appears to be the unexpected beneficiary. As analysts point to signs of capital rotation, the rivalry between the two stores of value may be entering a new and defining phase.
Key Takeaways
How does Bitcoin’s market cap compare to gold?
Bitcoin’s market cap is around $2.21 trillion, while gold’s is about $30.34 trillion.
Can Bitcoin act as a safe haven like gold?
The post CZ predicts, 'Bitcoin will flip gold' - The number BTC needs to reach is... appeared first on AMBCrypto.
For years, Bitcoin has been hailed as “digital gold,” a hedge against inflation and policy excess. Yet, as geopolitical tensions rise and trade disputes return to the headlines, the original store of value, gold, is stealing the spotlight.
Key Takeaways
Why is Gold ahead in 2025?
Gold climbed 45% to $3,895 as inflation and instability drove central banks and pension funds toward safe-haven exposure.
What signals support Bitcoin’s rThe post Gold price hits record high - Has Bitcoin officially lost the 'digital gold' race? appeared first on AMBCrypto.
Tether is back action, but not for the reasons many expected. Over the past few days, speculation has been swirling that the world’s largest stablecoin issuer sold part of its Bitcoin stash in exchange for gold.
Bitcoin’s recent all-time high has intensified the debate between gold purists and crypto advocates, with many questioning the future of gold as a safe-haven asset. This philosophical divide grows as Bitcoin continues to outperform traditional hedges like gold.
The ongoing Iran-Israel war has bolstered crude oil and gold prices while weighing on stocks worldwide. However, Bitcoin, often referred to as digital gold, has failed both as a safe haven anda FOMO asset.
Bluebird's Bitcoin strategy highlights a shift in asset management, potentially influencing other firms to diversify into digital currencies.
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Peter Schiff reaffirms gold as the ultimate safe-haven over Bitcoin.
Central banks boost gold reserves amid dollar concerns and geopolitical instability.
Despite the growing wave of institutThe post 'If gold is the past and Bitcoin is the future, why.
Gold has been losing steam recently after it raced to record highs due to geopolitical and economic uncertainties, including tariffs. Bitcoin has been the winner, with gold being the loser in a hedge trade against currencies.
Gold surges to more than $3,390 on April 21 as more investors flock to safe-haven assets amidst economic uncertainty. A boost in gold could signal a similar pattern in crypto, specifically Bitcoin. According to the latest data from Trading Economics,…
Fidelity Investments director of global macro Jurrien Timmer believes that Bitcoin (BTC) has a “possible” path to surpassing gold in market value — but “not any time soon. ” In a detailed social media post, Timmer explained his view using a chart comparing the projected growth of gold and Bitcoin over time.
Most people who read about cryptocurrencies know that Bitcoin, due to its characteristics, is often referred to as ‘digital gold.’ A new study reveals that more and more people in the U.S. prefer Bitcoin to gold. The GameFi platform ChainPlay…
Bitcoin surged above $99,000 as Jerome Powell called it speculative like gold, and Trump nominated a crypto-friendly SEC chair.
The post Fed Chair Jerome Powell Compares Bitcoin to Gold as BTC Surges to $99,000 appeared first on BeInCrypto.
Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years. While gold surely outpaces BTC in age, both assets are commonly used by investors as a hedge against economic instability and inflation. Interestingly, there […]
Gold has been under pressure while Bitcoin has thrived since the US presidential election as the industry expects a strong shift to crypto assets. The leading investment asset, also used as the primary inflation hedge, plunged to a one-month low…
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
Bitcoin is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol.
Bitcoin {{BTC}} is in the midst of a period of negative correlation with gold, signalling a risk-averse environment where investors favor traditional safe-haven assets like gold as opposed to speculative assets.
Bitcoin’s correlation with traditional financial markets has been a topic of significant interest and debate in recent months. The latest data suggests that Bitcoin is exhibiting behavior more closely aligned with tech stocks than gold, challenging its narrative as “digital gold” in the short term.
The age-old debate over how best to store wealth reignites as Bitcoin and gold lock horns. Peter Brandt, a veteran financial trader, throws his weight behind Bitcoin, claiming it will dethrone gold as the long-term champion.
MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real […]
The post Saylor says Bitcoin will ‘eat gold’ in the coming months appeared first on CryptoSlate.
Bitcoin Gold (BTG), a cryptocurrency infamous for being one of the select few that fell victim to a 51% attack, has been aggressively rising over the last few days. Bitcoin Gold went from $13.38 on July 30 to $21.41 today,…
In a recent newsletter, Singapore-based crypto asset trading firm QCP Capital raised the question of whether the introduction of a Bitcoin exchange-traded fund (ETF) could lead to price manipulation by institutions, similar to what has happened in the gold market.
Bitcoin analysts worry that a thin market will stall rally as gold touches near record-highs.
The post Bitcoin and Gold: The Big Winners After the Fed Rate Hike appeared first on BeInCrypto.
An aviation cargo container with $15 million in gold reportedly went missing in Canada. Could Bitcoin solve problems like this?
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Quick Take Many narratives occur in the Bitcoin ecosystem, and one of them is Bitcoin is digital gold due to the fundamentals of supply and demand.
The post Bitcoin and gold have highest correlation in over a year, as gold approaches its all time high appeared first on CryptoSlate.
Peter Schiff is unimpressed by Bitcoin's rally, sticking to gold thesis.
The post Peter Schiff Mocks ‘Fool’s Gold’ Bitcoin Rally, Encourages Gold Buying Instead appeared first on BeInCrypto.
Be[In]Crypto brings you this week's price movements for gold, stocks, and Bitcoin (BTC) - our stock pick this week is Coinbase.
The post Gold, Stocks, and Bitcoin: Weekly Overview — May 19 appeared first on BeInCrypto.
Putin’s decision to invade Ukraine sent shockwaves around the world. Investors eye Bitcoin to hedge their wealth in the face of conflict but despite its glowing qualities, it might play second fiddle to gold.
For the longest time, Bitcoin (BTC/USD) supporters have argued that the primary cryptocurrency can be used as a better store of value to gold, with Bitcoin even earning the term “digital gold.
Bitget, a prominent cryptocurrency exchange, has recently published a report that delves into the perceptions and adoption of cryptocurrencies across different generations in key global economies. The in-depth study, surveying approximately 255,000 adults from 26 countries, discovered that almost half…
Millennials are showing a greater interest, but adoption cuts across all age groups according…
The post Millennials aren’t the only ones interested in crypto, says Kraken exec appeared first on Coin Journal.
Millennials will boost Bitcoin and other cryptocurrencies adoption for years to come as the…
The post Millennials will promote Bitcoin adoption: BlockFi CEO appeared first on Coin Journal.
Nearly 90% of cryptocurrency investors worry about what will happen to their assets after they die, but few plan appropriately. Younger investors are particularly culpable, barely thinking beyond their own lives.
