Gold reached a new all-time high (ATH) last Friday, surpassing the $2,500 price per ounce, while Bitcoin (BTC) lags behind. The so-called “digital gold” divergence from the precious metal has sparked discussions in the finance community, evaluating their fundamental differences.
In particular, trader and analyst Kashyap Sriram, who has over eight years of experience in finance, shared his insight. Sriram first commented in a post by Lawrence McDonald, a New York Times best-selling author, who questioned Bitcoin’s store of value narrative, comparing BTC and gold price performances.
“Bitcoin’s best days are behind it. Gold’s best days are just beginning. This is the hard money rotation that libertarian crypto investors are going to miss.”
– Kashyap Sriram, answering Lawrence McDonald
The analyst then went further on the underlying difference between the two assets. Essentially, he explained that Satoshi Nakamoto modeled Bitcoin after gold, even using the word
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