Is a Gold Price Crash Coming? Experts Say Bitcoin Could Take Over the Market – Here’s Why!

Updated

May 8, 2025

Gambar Is a Gold Price Crash Coming? Experts Say Bitcoin Could Take Over the Market – Here’s Why!

Jakarta, Pintu News – Amid significant macroeconomic events, gold’s alluring luster is expected to fade, making room for Bitcoin’s price dominance.

Experts predict a potential drastic drop in gold prices, while Bitcoin is predicted to take center stage. A major shift in the financial landscape is expected, where gold prices will drop to accommodate the growing dominance of cryptocurrencies.

This article discusses the possible collapse of the gold price and Bitcoin’s increasing dominance in the modern financial world.

Gold Price Predicted to Plummet, Bitcoin’s Dominance Increases: Experts’ Views

WHY BITCOIN is a better asset than gold or silver:

One reason why I trust Bitcoin is there are only to ever be 21 million.

I own gold and silver mines and oil wells.

If the price of gold, silver, or oil goes up, I will simply mine or drill for more, expanding supply.

I…
— Robert Kiyosaki (@theRealKiyosaki) May 7, 2025

In a recent post on platform X, Robert Kiyosaki-author of the famous book Rich Dad Poor Dad-expressedhis views on the debate between Bitcoin and gold.

Read also: MetaPlanet Buys Another 555 Bitcoins, its Share Price Jumps 12%!

He highlighted the advantages of Bitcoin over gold and silver, especially in terms of its scarcity, which is an advantage over traditional assets.

Reinforcing this statement, a number of experts are predicting a potential fall in gold prices that could push Bitcoin’s price sharply higher, strengthening its position as the dominant asset in the financial markets.

Meanwhile, Bitwise CEO, Hunter Horsley, also highlighted the growing interest in Bitcoin, despite the popularity of gold. This statement emphasizes the surge in demand for BTC and its potential to outperform traditional assets like gold.

I don’t know if people appreciate how significant this is.

Gold is having its moment.

And despite that, investors are buying more Bitcoin than gold.

Now imagine when it’s flipped. https://t.co/PUdTrW9z2w
— Hunter Horsley (@HHorsley) May 7, 2025

Bitcoin’s scarcity is an important factor

Robert Kiyosaki emphasizes that Bitcoin’s scarcity is the main reason why it occupies such a unique position. With the maximum supply capped at 21 million coins, the price of Bitcoin has strong resilience.

Unlike gold and silver, which can still be mined in large quantities, Bitcoin’s limited quantities make it different from traditional commodities. Kiyosaki’s statement implies that the combination of scarcity and growth potential makes Bitcoin an attractive asset compared to gold and silver.

Gold Price Crash Prediction: Things to Know

Market expert Egrag Crypto shared a technical analysis via the X platform that highlights the potential for gold prices to plummet.

#GOLD – I Predict a Crash is Coming Soon! 💥#GOLD is set for a major crash, and it could happen very shortly. 🚨 If #GOLD closes a 3-day candle above the Fib 0.702 level ($3,405), it would signal something extremely concerning on a macroeconomic scale. ⚠️

Such a move would… pic.twitter.com/Iv3ndEtcEv
— EGRAG CRYPTO (@egragcrypto) May 6, 2025

He warned that a 3-day candle close above the Fib 0.702 level ($3,405) could signal serious macroeconomic instability. According to him, this could indicate a crisis even worse than the 2020 COVID-19 pandemic or a global conflict, with far-reaching impacts on the world economy.

In line with these predictions, India launched missile strikes into Pakistan in an operation titled “Operation Sindoor,” which targeted nine terrorist locations. This event is expected to have a major impact on the global economy, including on traditional assets as well as cryptocurrencies like Bitcoin.

As of May 7, 2025, the price of gold fell by 1.31% to $3,387.50, while the price of Bitcoin surged by 2.16% to $96,485. If Egrag’s prediction proves to be correct, gold prices could experience a drastic drop, which could signal a major shift in the global financial system.

However, financial experts such as Tarun Satsangi state that the India-Pakistan conflict is unlikely to affect gold prices much. He said that:

“Historically, during the wars of 1965, 1971 and Kargil, gold prices did not move much. Gold prices are more influenced by the dynamics in the Middle East, as well as the relationship between the US and China. Events like Operation Sindoor tend to be neutral to gold prices.”

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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