
Jakarta, Pintu News – Bitcoin and gold are back in the spotlight amid global market turmoil. Bitcoin (BTC) price has seen a slight decline of 0.78% in the last 24 hours, while gold is trading at around $4,865, down 2.58%.
Many people often compare Bitcoin (BTC) as a future hedge asset, but a number of well-known analysts think that Bitcoin (BTC) still has a long way to go to compete with gold.
One of the most vocal figures on this issue is Willy Woo, a leading crypto analyst, who predicts that it could take up to 20 years for Bitcoin (BTC) to truly challenge gold’s position as the ultimate wealth-protecting asset.
According to Willy Woo, while Bitcoin (BTC) has structural advantages such as ease of transfer and digital security, it is still considered a high-risk instrument. Bitcoin (BTC)’s sharp price volatility makes it more attractive to short-term traders, rather than institutional investors who seek stability.
Meanwhile, gold has proven to be a reliable store of value for centuries, especially in times of economic uncertainty. It is this difference in perception that has made the adoption of Bitcoin (BTC) as a global hedging asset very slow. In addition, Bitcoin (BTC) adoption among institutions and governments is still very limited.
Many people still consider Bitcoin (BTC) as a new asset that has not been tested in various economic cycles. Unlike gold, which has been trusted for thousands of years, Bitcoin (BTC) still has to prove itself in the eyes of global market participants. According to Woo, the change in market psychology towards Bitcoin (BTC) will take place gradually and take a long time.
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In the past year, Bitcoin’s (BTC) performance against gold has shown a less than favorable trend. For the first time in history, the BTC vs. gold ratio broke through an 11-year low, signaling great pressure on Bitcoin (BTC).
For the seventh consecutive month, Bitcoin (BTC) has posted a monthly red candle against gold, which is the longest streak in the history of the comparison between these two assets. This phenomenon indicates that global investors are starting to turn to gold as a safer asset amid economic uncertainty. However, this negative trend could also signal the beginning of an accumulation phase for long-term investors.
Historically, periods of extreme underperformance like this are often followed by major rebounds in the crypto market. Analysts believe that Bitcoin (BTC) is entering a consolidation phase, where investors tend to hold back before entering the next bullish cycle. As such, even though Bitcoin (BTC) is currently lagging behind, the opportunity for a bounce remains wide open in the future.
Willy Woo asserts that Bitcoin (BTC) still needs 15 to 20 years to be truly recognized as a major wealth-protecting asset. According to him, major changes in market perception cannot happen instantly, especially considering gold’s long history as a safe haven asset.
Apart from Woo, veteran investors such as Robert Kiyosaki have also voiced similar concerns. Kiyosaki even advised his followers to collect gold, silver, and Bitcoin (BTC) in anticipation of a possible global economic crisis. Kiyosaki thinks that the transition to Bitcoin (BTC) as a stable asset will be slow, although he remains optimistic about the future of this digital asset. He believes that owners of both physical and digital wealth will benefit in the event of a major economic shock.
However, he also cautioned that the volatility of Bitcoin (BTC) is still a major challenge that must be faced before it is truly recognized as a hedge asset. As such, Bitcoin’s journey to rival gold is still a long and challenging one.
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