Bitcoin’s Bull Case Strengthens As It Trades ‘More Like Gold, Less Like Nasdaq,’ Commentator Says
Posted On April 24, 2025
Bitcoin (CRYPTO: BTC) is increasingly tracking gold rather than tech stocks, according to prevailing sentiment among cryptocurrency observers.
What Happened: Pseudonymous cryptocurrency commentator ‘ElonMoney’ outlined a growing bullish thesis for Bitcoin in a post on Substack on April 23.
He argues it’s no longer just a speculative bet but a structural hedge in a world increasingly defined by inflation, geopolitical risk and institutional distrust.
Bitcoin isn’t replacing gold, it’s complementing it. The commentator’s six core arguments for Bitcoin’s rising relevance are:
- Declining Dollar Confidence: Rising deficits, protectionist tariffs and growing political dysfunction are eroding the dollar’s reputation as a global safe haven. Bitcoin is emerging as a viable hedge amid this shift.
- Digital Gold Thesis: With a hard cap …
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