In one day, gold falls by 2.1 trillion, wiping out more than half of the global crypto market. Bitcoin briefly exceeds $109,000, but its rise is stopped dead by whale sales. Gold is faltering, but bitcoin is still struggling to establish itself as a safe haven against the precious metal.
In brief
- In one day, gold lost $2.1 trillion, more than half of the crypto market
- Despite this fall, bitcoin has failed to establish itself sustainably as a safe haven
- Between gold skeptics and supporters of “flippening”, the duel between tradition and innovation remains open, reflecting a true clash of financial generations.
CZ, Novogratz and the prophecy of gold “flippening”
The debate goes beyond the lessons of the day. Changpeng Zhao (CZ), former CEO of Binance, recently revived a controversial idea: bitcoin will eventually overtake gold in market capitalization. “I don’t know when, but it will happen”he declared, convinced that the shift is inevitable.
Same observation for Mike Novogratz of Galaxy Digital who predicts a possible “flippening” by the end of the decade. For him, younger generations are abandoning bullion: the safe haven of tomorrow will be digital, crypto, portable and transparent. In this vision, bitcoin is not just an alternative to gold: it is its logical evolution.
However, the road remains long. The capitalization of the yellow metal is around 13,000 billion dollars, compared to around 2,000 billion for bitcoin. The path to financial supremacy will not be without resistance, nor without violent cycles.
Schiff versus Pompliano: the battle of stories
Faced with crypto enthusiasm, the famous “gold bug” Peter Schiff is playing the card of realism (or skepticism, depending on the camp). For him, the “great rotation” from gold to bitcoin is already over. After bulls failed to keep BTC above $110,000, he believes investors simply witnessed a temporary speculative bubble
For his part, Anthony Pompliano, fervent bitcoin evangelist, had declared a few hours earlier that this rotation had indeed begun.
But the reality of the market quickly proved him wrong: bitcoin returned its gains as quickly as it had accumulated them. Pompliano, already criticized for having described gold as a “disastrous investment”, finds himself going against the tide even though the precious metal has, over the year, performed better than BTC.
A clash of generations
Ultimately, the confrontation between gold and bitcoin is less a battle of performance than a cultural and generational clash. Gold embodies stability, heritage, age-old confidence. Bitcoin represents speed, autonomy, disruption.
The loss of 2.100 billion dollars in the gold market is not just a statistic: it is a sign of transition. It illustrates a world where traditional safe havens are being questioned, and where digital technology is establishing itself as a credible investment vector.
But it would be premature to bury the gold. Its market depth, geopolitical role and monetary neutrality remain unmatched. Bitcoin continues to learn to live with its own volatility, a double-edged sword for an asset still under construction.
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