Journalist
Posted:
Michael Saylor, founder and ex-CEO of MicroStrategy and Bitcoin [BTC] singer claimed on February 19 that the king coin would surpass gold as the ultimate store of value in the digital age.
He also highlighted the exponential growth trajectory of the king coin compared to gold since 2020.
In contrast, Jim Bianco, president of Bianco Research advocated,
“Launching Spot Bitcoin ETFs Was a Big Mistake.”
Bitcoin vs. Gold: The Better Store of Value?
Saylor’s journey into the cryptocurrency realm began in August 2020 when MicroStrategy announced its first purchase of Bitcoin. Since then, Saylor has dissected Bitcoin and dismissed gold.
Making the same comment about this, he noted:
“Gold is dead money. Sell your gold, buy Bitcoin and if you wait to get jumped by all the hedge funds when they dump their gold, you will be the last one out.”
To support his points, Saylor also has a after That being said,
“Since August 10, 2020, Bitcoin is up 333%, while gold is down 1%.”
Him too added,
“The price of $BTC is still less than $0.06 million.” (also called $60,000)
Was ETF the reason behind the recent growth?
This was recently contradicted conversation when Bitcoin podcaster Natalie Brunell and Jim Bianco, president and macro strategist at Bianco Research, said:
“Spot Bitcoin ETFs are a huge mistake.”
He elaborated,
“Everyone, you get $60,000 per Bitcoin, congratulations.”
However, Bianco was confident that integrating Bitcoin into the current financial system through spot ETFs is similar to what has happened with gold in the past.