MicroStrategy Executive Chairman – Michael Saylor has predicted that $BTC will triumph over gold in the coming months as it is an asset that outperforms across the board.

Bitcoin will win over gold

In an interview with CNBC, the MicroStrategy Chairman stated that Bitcoin not only outperformed gold but also outperformed all traditional assets, including real estate and stocks.

Theo Saylor:

“Bitcoin is competing with gold. It will devour it.”

Saylor says Bitcoin should be considered “digital gold.” Its role today is as a long-term value-preserving investment. Bitcoin has all the best qualities of gold and none of the shortcomings.

He said:

“If you could teleport gold from New York to Tokyo in a few minutes, people would love it.”

Saylor also noted that Bitcoin has key advantages over other assets, including stocks, bonds, and real estate. Bitcoin can be traded 1 million times faster than traditional assets. It can also be traded outside of standard trading hours. This time fund accounts for only 20% of each week.

Bitcoin's availability also facilitates spending, he said:

“If you want to buy a house on Saturday in Africa and a car on Sunday morning, Bitcoin is the way to do it.”

MicroStrategy bought the majority of their Bitcoin on Saturday. This is something that would not be possible with traditional financial assets.

Bitcoin ETF War

Incidentally, Bloomberg ETF analyst Eric Balchunas also made similar comments about Bitcoin and gold. He said that spot Bitcoin ETFs are on track to surpass gold ETFs and it is no longer unrealistic to think this will happen soon.

Spot Bitcoin ETFs total $55 billion in assets under management (AUM) and have traded $110 billion since January, meaning they could surpass gold ETFs within months.

Data from the World Gold Council shows gold ETFs have $210 billion in AUM.

Saylor also commented on Bitcoin's growing presence in the broader financial market. He proposed that Bitcoin would redirect capital from risky assets and risky ETFs like the SPDR S&P 500 ETF (SPY) — currently the largest ETF with $505 billion in AUM.

BlackRock initiated the Bitcoin exposure plan in its other funds less than 3 months after launching spot Bitcoin ETFs as a sign of changing sentiment and the growing value of Bitcoin in recent rounds. traditional financial circle.