🚨 Bitcoin: The Upstart Challenging Gold’s Throne? 🤑

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Out in the dusty plains of the financial frontier, a lone voice echoed through the canyons of Wall Street. Jurrien Timmer, the grizzled director of global macro at Fidelity Investments, gazed out upon the landscape and proclaimed, “It’s possible, folks, possible as a desert rainstorm, that Bitcoin might one day overtake gold.” But don’t go betting the farm just yet, partners; Timmer reckons this ain’t happening till a decade or two down the line, if Bitcoin can ride the wild mustang of either the S-curve trajectory of internet adoption or the power law curve.

Timmer’s eyes, seasoned from years of watching market sunsets, assumed the price of that there shiny metal, gold, would keep on growing at its historical compound annual growth rate (CAGR) of 8% – a steady pace it’s held since the 1970s. That CAGR, it’s a handy tool for smoothing out them returns, like a well-worn saddle on a trusty steed.

Bitcoin’s Quieter Older Sibling: The Gold Standard

Now, here’s the kicker, folks. If gold’s digital doppelganger starts growing like a weed on either of them trajectories, Timmer figures gold will still manage to outpace Bitcoin, exceeding its own historical CAGR of 8%. “So, my guess,” Timmer drawled, “is that gold will always be Bitcoin’s quieter older sibling.” 🙃

Meanwhile, over at Galaxy Digital, CEO Mike Novogratz was spinning a different yarn, predicting Bitcoin would lasso gold by the end of the decade, as reported by U.Today. 🤠

These two assets, like rival saloons in a one-horse town, boast market capitalizations of $20.9 trillion and $1.7 trillion, respectively. 🏙️

Gold’s Outperformance: The Yellow Metal’s Gloating Rights

Peter Schiff, the infamous goldbug, has been doing a little dance, gloating over Bitcoin’s underperformance. He’s predicting a collapse to $10,000, a whopping 95% loss in value against gold. 😱 As reported by U.Today, Bitcoin’s taken a tumble, plunging over 33% against gold since its December peak.

Gold, meanwhile, is sashaying to new all-time highs, fueled by the uncertainty of global trade tensions, like a debutante at her first ball. 🎀

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2025-03-28 23:02