{"id":24233,"date":"2025-04-28T20:46:36","date_gmt":"2025-04-28T20:46:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24233"},"modified":"2025-04-28T20:46:36","modified_gmt":"2025-04-28T20:46:36","slug":"bitcoin-might-not-be-as-good-as-gold-yet-but-this-year-it-sure-is-acting-like-it","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24233","title":{"rendered":"Bitcoin Might Not Be As Good As Gold Yet, But This Year, It Sure Is Acting Like It"},"content":{"rendered":"<div>\n<p>Bitcoin (<a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\">BTC<\/a>) might not be digital gold due to its risky nature. But as an investment over the last 12 months, it&#8217;s up 49% while the SPDR Gold Trust (<a href=\"https:\/\/www.benzinga.com\/quote\/GLD\">GLD<\/a>) ETF is up 43%. Nasdaq is up around 8%. Looked at in that time frame, BTC is as good as gold, for real.<\/p>\n<p>&#8220;While bitcoin continues to function as an ultra risk-on asset, paradoxically, the digital gold narrative has continued to gather strength,&#8221; said Greg Waisman, Chief Operating Officer at Mercuryo, a fintech company headquartered in Canada.\u00a0<\/p>\n<p>&#8220;Bitcoin has displayed relative resilience against tariff concerns and a potential recession,&#8221; he said, noting that BTC has outperformed tech stocks all year. &#8220;That might make Bitcoin seen by some as displaying characteristics more akin to a store of value such as gold,&#8221; Waisman said.<\/p>\n<p>The notion that Bitcoin was &#8220;as good as gold&#8221; began around 2021. Michael Novogratz, founding CEO of Galaxy Digital Holdings (<a href=\"https:\/\/www.benzinga.com\/quote\/BRPHF\">BRPHF<\/a>), a crypto investment firm that trades on the Toronto Stock Exchange, <a href=\"https:\/\/www.goldmansachs.com\/pdfs\/insights\/pages\/crypto-a-new-asset-class-f\/report.pdf?utm\">said<\/a> at the time that &#8220;Bitcoin is a really convenient way to store value. The main reason everyone got into bitcoin is the same reason they got into gold\u2014the current macro backdrop is tailor-made for it.&#8221;<\/p>\n<p>Novogratz later called it <a href=\"https:\/\/www.goldmansachs.com\/insights\/articles\/from_briefings_18-feb-2021?utm\">&#8220;digital gold&#8221;<\/a> during a &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/45053501\/bitcoin-might-not-be-as-good-as-gold-yet-but-this-year-it-sure-is-acting-like-it\" alt=\"Bitcoin\" might not be as good gold yet but this year it sure is acting like>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) might not be digital gold due to its risky nature. But as an investment over the last 12 months, it&#8217;s up 49% while the SPDR Gold Trust (GLD) ETF is up 43%. Nasdaq is up around 8%. Looked at in that time frame, BTC is as good as gold, for real. &#8220;While bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24233","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24233"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24233\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}