“Digital Gold” Supporters Switch to Gold? Erik Voorhees Moves IDR 114 Billion to PAXG!

Jakarta, Pintu News – A surprising move has come from Bitcoin pioneer Erik Voorhees after on-chain data showed he allocated millions of dollars to tokenized gold. The figure who has been known as a proponent of the “digital gold” narrative moved large funds into PAX Gold , sparking debate among crypto market participants.

Amidst the volatility of the cryptocurrency market, this decision raises the question of whether he is hedging or changing investment strategies. The move also highlights the growing interest in tokenized real-world assets.

IDR 114 Billion Goes into Gold Token

Based on data from Lookonchain, Voorhees created nine new wallets and used USDC worth $6.81 million or around Rp114.45 billion (exchange rate of Rp16,806) to buy 1,382 PAX Gold (PAXG). The average purchase price was recorded at around $4,926 per token or equivalent to IDR82.78 million. PAXG is a physical gold token backed by real gold reserves in vaults. Each token represents direct gold ownership but in blockchain format.

This move sparked widespread speculation in the crypto community. An active figure since 2011 and founder of companies such as ShapeShift, Voorhees has been vocal about Bitcoin as a replacement for physical gold. Therefore, the allocation of large funds to gold raises question marks. However, there is no on-chain evidence to suggest he sold large amounts of BTC.

Hedging or Strategy Change?

The movement comes as Bitcoin (BTC) trades more like a risky asset than a traditional safe haven. In recent months, BTC has shown a higher correlation with the stock market than gold. This has prompted some investors to consider diversification. Voorhees’ move could be read as a hedging strategy against crypto market volatility.

Read also: Cardano on the Edge? 4-Year Support Tested, Big Rebound Signal Appears!

Gold tokenization allows investors to stay within the blockchain ecosystem without completely exiting the crypto market. By holding PAXG, investors gain exposure to physical gold with the liquidity and transparency of blockchain. This model combines the stability of traditional assets with the efficiency of cryptocurrency technology. Such strategies are increasingly in demand amid global market uncertainty.

Signaling a Wider Shift?

Voorhees’ action sparked a discussion on whether early Bitcoin investors are starting to rebalance their portfolios. If more long-holders follow suit, the market could see a rotation of capital into tokenized real-world assets. This trend is in line with the growing interest in real-world assets (RWAs) in the crypto sector. Institutions have also been actively exploring the tokenization of bonds and gold.

However, there is no indication yet that this move means abandoning Bitcoin’s long-term thesis as a store of value. Portfolio diversification is a common practice in investment risk management. The move reflects adaptation to market conditions rather than a change in ideology. In the ever-evolving cryptocurrency ecosystem, flexible strategies are key to survival.

Conclusion

Erik Voorhees allocated around Rp114 billion to PAX Gold (PAXG), sparking debate in the crypto market over the direction of his strategy. Despite being a known proponent of “digital gold,” there is no evidence that he is offloading Bitcoin (BTC). The move is most likely a diversification or hedging strategy amid volatility. The move also confirms that tokenization of real assets is increasingly relevant in the modern cryptocurrency landscape.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News. Bitcoin ‘digital gold’ proponent Erik Voorhees moves millions into gold. Accessed February 12, 2026
• Featured Image: Generated by AI