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.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.