Bitcoin vs gold. With the now undeniable success of Bitcoin come its most fervent enthusiasts. A still fairly short list of enthusiastic investors for whom this digital promise is far from having delivered its full potential. A club in which the famous Cathie Woodfounder of the structure Ark Invest. Indeed, his predictions on the subject envisage a BTC at 1 million dollars, if only the head of the SEC could finally release spot ETFs. In the meantime, she announces abandon gold for the benefit of its digital version for the next 10 years.
Cathie Wood prefers Bitcoin to gold
The debate about the relationship between Bitcoin and gold it’s nothing new. And, more and more analysts on the issue believe that BTC could well respond to the digital formula of this yellow metal, in a version recently presented as “exponential” by Fidelity Investment. This is mainly due to its programmed rarity and the difficulty put in place to extract it.
But this still controversial comparison has its limits. And when we place ourselves in the Bitcoin camp, its strength lies, according to Cathie Wood, in its digital character. A specificity which would allow it to establish itself as “a protection against inflation and deflation. And its recent return to the $35,000 level could well prove him partly right.
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Gold is an asset of the past
A position exposed during a recent podcast – Merryn Talks Money – from Bloomberg UK. And the title of Cathie Wood’s intervention leaves one wondering, since it is a question of her unshakeable faith in a radiant future. A vision at the center of which Bitcoin dethrones gold over the next decade… at least in his portfolio.
Indeed, Cathie Wood explained that she plans to favor BTC as a security investment over the next 10 years. A role until now often reserved for gold. But according to the founder of ARK Invest, the yellow metal “already has its demand”. An asset presented as part of the past, compared to a much more recent and constantly evolving Bitcoin. Even more so if we consider the still timid but persistent interest of financial giants like BlackRock from his view.
Bitcoin is therefore once again establishing itself as a strong competitor to gold. And its success continues to be confirmed. Indeed, the number of BTC addresses with more than $1000 explodes at present. And its end-of-year upward trend could well accelerate this adoption movement.
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