Bitcoin vs Gold: Bernstein analyst Gautam Chhugani picks a side

  • Bernstein analyst says Bitcoin is more attractive than gold.
  • Gautam Chhugani explained why in a research note today.
  • Bitcoin is currently down about 10% versus its YTD high.

Gold has a history of doing well in a recession – but this time Bitcoin is an even better investment, as per a Bernstein analyst.

Bitcoin has a history of outperforming gold

Gautam Chhugani continues to see the world’s largest cryptocurrency as the ‘safe haven’ since it has performed about five times better than gold since 2018.

At 1.8%, he agreed that Bitcoin inflation is comparable to gold inflation for now but said “skeptics miss that every four years, [the former’s] inflation halves”.

The total supply of Bitcoin is scheduled to halve in May of 2024. Historically, that event has resulted in significant price appreciation.

Last week, billionaire hedge fund manager Paul Tudor Jones also said Bitcoin was a better investment than stocks in the current environment (read more).

Spot Bitcoin ETF will unlock significant demand

Gautam Chhugani is convinced that capital will flow into Bitcoin further as fears of recession continue to swell.

The Bernstein analyst dubs the cryptocurrency a better investment than gold also because it is at a “fairly early stage of institutional adoption”. Significant demand will unlock once the Securities & Exchange Commission approves the first U.S. Spot Bitcoin ETF, he added.

Bitcoin currently has a market cap that’s not even 5.0% versus that of Gold.

BTC soared materially this morning following a report that the regulator has approved iShares Spot Bitcoin ETF. But the news was later confirmed as fake and resulted in a sharp pullback that brought Bitcoin back to around the $28,000 level.

Comments

Post a Comment

Popular posts from this blog

Hex Trust Integrates sBTC via SIP-010 to Enable Institutional Bitcoin DeFi Access

Hong Kong, June 11, 2025 – Coinscribble by Coinbound / Hex Trust , a leading digital asset financial institution specializing in custody, staking, and markets services, has announced support for SIP-010, the fungible token standard on Stacks, the leading Bitcoin L2. This move allows institutional clients to securely store, manage, and deploy SIP-010 tokens – including sBTC, a leading Bitcoin-backed asset for DeFi – within Hex Trust’s institutional-grade custody. sBTC Brings Programmability to Bitcoin sBTC transforms Bitcoin into a fully programmable asset, allowing investors to: Earn bitcoin yield Access on-chain lending Participate in decentralized finance All this is achieved while maintaining the security and transparency of Bitcoin. Driven by these innovations, sBTC has rapidly emerged as the asset of choice for institutions and DeFi protocols. Recent demand for sBTC is underscored by: A series of three cap raises, each f...
Read more

Hacker Who Drained $53,000,000 From DeFi Project Hits 93.5% Gain on Loot Amid Ethereum Rally: Onchain Data

Image
A crypto analytics firm says a hacker that drained tens of millions of dollars from a decentralized finance (DeFi) platform has recorded massive gains on his stash after Ethereum’s (ETH) latest rally. In a new thread on X, Lookonchain says that the bad actor who exploited the DeFi protocol Radiant Capital (RDNT) made away with massive profits after converting his stash of stolen goods to Ether. “The Radiant Capital hacker turned the stolen $53 million into $102.54 million by trading ETH, a profit of $49.5 million (+93.5%). Ten months ago, the hacker stole $53 million from Radiant Capital and swapped it all for 21,957 ETH. Recently, he began selling ETH for profit, selling 9,631 ETH ($43.94 million) at an average price of $4,562, leaving 12,326 ETH ($58.6 million).” Source: Lookonchain/X Ethereum is trading for $4,555 at time of writing, a 3.3% decrease during the last 24 hours while RDNT is valued at $0.0220, a 10% decrease on the day. Previo...
Read more

XRP Price Prediction: Why The Path to $10 Is Now Wide Open

Image
Ripple (XRP) is now working towards a new price angle. While the token has long been trading at $2 to $3 levels, XRP is yet to hit critical high points of $4 and $5, which may eventually help the asset gain wider momentum. With the US SEC vs XRP wrapped up, the token is now free to pursue all financial verticals, taking the charge to hit ambitious double-digit price ranges. Here’s when XRP can finally explore the $4 to $10 price range, with analysts weighing in on technical aspects helping the asset reach the aforementioned price spots. Also Read: Ripple Just Hit 1 Catalyst: 2 More Could Send XRP Price Soaring Analyst’s Opinion: XRP’s Path to $10 Source: Pixabay XRP price prediction is now becoming much more versatile. The older repetitive $2 to $3 price ranges have now started to mellow down, with analysts coming up with new, bold price predictions. For instance, Crypto King, a notable crypto analyst, has predicted a new price path hitting $7, which may soon become a reality. “XR...
Read more