Bitcoin will become a rival to gold? Wall Street Analysts Give Their Opinions!

Jakarta, Pintu News – Bitcoin’s (BTC) recent drop in value appears to be more due to market structure and ETF sales than fundamental weakness. A Wall Street analyst thinks that this weakness is only temporary and shows strong confidence in crypto infrastructure, highlighting Circle and Coinbase as top picks.

Latest Analysis from Wall Street

Andrew Jeffery, Fintech Equity Analyst from William Blair, in an interview with CNBC, stated that the recent drop in crypto prices is temporary. Jeffery emphasized that Bitcoin (BTC) will still play an important role in the long-term crypto market.

Although Bitcoin (BTC) has been on the decline alongside the broader market, Jeffery is not worried. He describes Bitcoin (BTC) as an “immature” asset with a market capitalization of only $1.9 trillion.

According to Jeffery, one of the problems faced is the concentration of supply. About one-third of all Bitcoin (BTC) resides in about 2 million wallets. New retail investors, who use ETFs, tend to sell their assets first when the price drops, which adds to market volatility.

Also read: Bitcoin (BTC) price drops below $90,000, BTC ETFs experience large withdrawals?

Bitcoin vs Gold: Market Capitalization Battle

Jeffery argues that Bitcoin (BTC) has several advantages over gold, such as lower storage costs, limited supply, and ease of cross-border transfers. Currently, the market capitalization of gold is approximately 15 times greater than that of Bitcoin (BTC).

However, Jeffery believes that this gap will narrow over time. He also reminds us that Bitcoin (BTC) has been the best-performing asset in the world over the past decade, which shows its potential to grow further.

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Why Choose Circle and Coinbase?

In his view, Bitcoin (BTC) is not an effective means of payment; that role is better suited to stablecoins. Jeffery is very optimistic about stablecoins, especially the US Dollar Coin (USDC) issued by Circle.

He believes that the increasing adoption of stablecoins and Coinbase’s position as a crypto infrastructure hub in the US make these two entities promising investment options for this year.

Conclusion

Despite the fluctuations in the crypto market, analysis from Andrew Jeffery suggests that it could be a good time to invest, especially in entities with strong infrastructure such as Circle and Coinbase. Confidence in Bitcoin (BTC) fundamentals and the growth potential of stablecoins offer opportunities for investors looking for assets with long-term appreciation potential.

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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.

Reference

• Coinpedia. Wall Street Analyst Says Bitcoin Weakness is Temporary, Backs Circle and Coinbase. Accessed on January 9, 2026
• Featured Image: Generated by AI