Tim Draper Declares Gold Is Dead, Touts Bitcoin’s Superiority

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.

Gold Outpaces Bitcoin in 2025 Market Performance

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.

READ MORE:

Here is Why the Price of SUI Rose Over 70% in a Week

Rising tariffs and growing economic uncertainty have reignited traditional demand for physical gold.

A Clash of Safe-Haven Assets

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.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.