Legendary venture capitalist Tim Draper reignited the Bitcoin-versus-gold debate this week with bold claims on social media.
“Gold just sits there. Bitcoin moves,” Draper wrote, stressing Bitcoin’s borderless, permissionless, and programmable nature.
He emphasized that Bitcoin enables everyday transactions without reliance on banks, inflation, or unnecessary friction. “You can’t buy coffee with gold. But with Bitcoin, you can,” Draper said.
His comments positioned Bitcoin as a superior financial tool for the modern economy.
Despite Draper’s enthusiasm, critics pointed out that gold has dramatically outperformed Bitcoin so far this year.
Gold has surged over 20% year-to-date, reaching a historic high above $3,500 per ounce amid global economic turbulence. Meanwhile, Bitcoin’s price remains relatively flat, struggling to match gold’s recent momentum.
Rising tariffs and growing economic uncertainty have reignited traditional demand for physical gold.
Draper’s remarks revive the long-running debate over Bitcoin’s potential to replace gold as a premier store of value.
Bitcoin supporters praise its innovation, flexibility, and ability to bypass traditional financial systems. Yet gold’s proven resilience in times of crisis continues to attract conservative investors.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.