Recently, Bitcoin has been fluctuating around the $100,000 mark, and finally broke through the important "psychological" mark of $100,000 today. In fact, the crazy rise of Bitcoin in recent times has long overshadowed the equally sharp rise of gold. Perhaps when some countries, including the United States, have proposed to use Bitcoin as a strategic reserve, the corner of gold has been dug by Bitcoin:

10 years ago (December 2014), gold was 250 yuan per gram, 10 years later, 630 yuan per gram, 2.5 times in 10 years

10 years ago (December 2014), Bitcoin was 360 US dollars per coin, 10 years later, 100,000 US dollars per coin, 277 times in 10 years

Several years ago, when the concept of "digital gold" was first proposed, almost everyone would look at it as a liar whenever someone talked about it. However, 10 years have passed in the blink of an eye, and Bitcoin is growing at an astonishing rate, so that today's Bitcoin has finally begun to shake the unbreakable position of gold for thousands of years...

Gold: A natural resource spread all over the earth, anyone can dig out gold from a corner

Bitcoin: A public blockchain with network nodes spread all over the world, making it a resource that anyone can participate in mining

Gold: Gold mining requires workers, mines, equipment, and electricity

Bitcoin: Bitcoin mining also requires block producers, mines, equipment, and electricity

Gold: A non-renewable natural resource

Bitcoin: Upper limit of 21 million

Gold: Stable physical properties, never rusts

Bitcoin: Strong and secure network, data on the chain is indelible

Gold: Real gold is not afraid of fire

Bitcoin: It cannot be tampered with even if you invest a lot of money

Having said that, although they are very similar in some aspects, digital gold still has many advantages that physical gold cannot achieve, such as:

· Bitcoin is very convenient to carry, you only need to remember a string of words, while physical gold is very heavy;

· Bitcoin can be verified for anti-counterfeiting anytime and anywhere, while physical gold is easy to counterfeit with metals of similar specific gravity (in recent years, there have been many cases of adulteration of gold jewelry);

· Bitcoin is easier to split and trade, while gold is the opposite;

· Even if Bitcoin transfers on the chain often reach hundreds of millions of dollars, the handling fee is only a dozen dollars. It is difficult for gold and even the modern banking system to achieve such a low and fast transfer fee for assets.

Grayscale launched its first Drop Gold campaign on May 1, 2019, and released an advertisement with the theme of "Drop Gold" to remind people that it is time to replace gold with Bitcoin.

In 2020, Barry Silbert, founder of Grayscale and blockchain venture capital firm DCG, tweeted that Grayscale has re-launched the anti-gold advertisement "Drop Gold", which is now running on all major networks in the United States. This is a marketing campaign for Bitcoin. The video proposes that "digital currencies like Bitcoin are the trend of the future" and aims to make Bitcoin a tool for storing value in the 21st century.

In fact, most people, including some financial institutions, have never taken Grayscale ads a few years ago. At that time, some financial tycoons sneered at it, such as the famous BlackRock CEO Larry Fink, who once bluntly stated that Bitcoin is worthless! However, not long ago, Larry Fink changed his mind and said: BTC will subvert traditional finance.

Today, BlackRock has become a Bitcoin whale holding nearly 500,000 BTC. 2) Rapid inflow of funds into spot ETFs

As early as 2020, JPMorgan Chase, the largest bank in the United States by total balance sheet, published a report examining the success of Grayscale Bitcoin Trust (GBTC). The bank was once one of the biggest critics of Bitcoin, but the report acknowledged that demand for Bitcoin even affects mature markets.

JPMorgan Chase pointed out that demand for Bitcoin could erode demand for gold ETFs. According to the study, the number of people flowing into Grayscale Bitcoin Trust in October 2023 was significantly higher than that of gold ETFs. Therefore, the US bank concluded that GBTC might be able to capture some share of the gold ETF market.

As of December 5, on the global asset ranking list from Companiesmarketcap, Bitcoin surpassed silver with a market value of 2 trillion, ranking 7th in the world's asset market value. Currently, the market value of Bitcoin has also surpassed the total market value of the world's four largest banks.

Bitcoin is still more than 7 times away from the market value of more than 15 trillion US dollars of gold. Perhaps in the eyes of many people in the crypto asset circle, this may not be a very difficult thing for Bitcoin, which has grown 277 times in 10 years.

Recently, SkyBridge Capital CEO/Senior Hedge Fund Manager Anthony Scaramucci said that the market value of Bitcoin will eventually exceed the market value of gold at 16 trillion US dollars. In an interview with CNBC, the founder of SkyBridge Capital called Bitcoin a high-quality asset that has never been seen in the past 5,000 years of human history.

Scaramucci said that Bitcoin still has a long way to go from the market value of 16 trillion US dollars of gold, but he believes that the distance will narrow over time as regulators approve BTC ETFs.

In fact, it is not surprising that Bitcoin is gradually eroding the market share of gold. The relationship between "digital gold" and "gold" is like that between "digital payment" and "paper money". As time goes by, the use of paper money is getting less and less, and the old gold may not be able to meet the needs of everyone, so Bitcoin fills this gap. As for whether Bitcoin can gradually surpass gold, it will take time to verify.

Recently, Bitcoin has been fluctuating around the $100,000 mark, and finally broke through the important "psychological" mark of $100,000 today. In fact, the crazy rise of Bitcoin in recent times has long overshadowed the equally sharp rise of gold. Perhaps when some countries, including the United States, have proposed to use Bitcoin as a strategic reserve, the corner of gold has been dug by Bitcoin:

10 years ago (December 2014), gold was 250 yuan per gram, 10 years later, 630 yuan per gram, 2.5 times in 10 years

10 years ago (December 2014), Bitcoin was 360 US dollars per coin, 10 years later, 100,000 US dollars per coin, 277 times in 10 years

Several years ago, when the concept of "digital gold" was first proposed, almost everyone would look at it as a liar whenever someone talked about it. However, 10 years have passed in the blink of an eye, and Bitcoin is growing at an astonishing rate, so that today's Bitcoin has finally begun to shake the unbreakable position of gold for thousands of years...

Gold: A natural resource spread all over the earth, anyone can dig out gold from a corner

Bitcoin: A public blockchain with network nodes spread all over the world, making it a resource that anyone can participate in mining

Gold: Gold mining requires workers, mines, equipment, and electricity

Bitcoin: Bitcoin mining also requires block producers, mines, equipment, and electricity

Gold: A non-renewable natural resource

Bitcoin: Upper limit of 21 million

Gold: Stable physical properties, never rusts

Bitcoin: Strong and secure network, data on the chain is indelible

Gold: Real gold is not afraid of fire

Bitcoin: It cannot be tampered with even if you invest a lot of money

Having said that, although they are very similar in some aspects, digital gold still has many advantages that physical gold cannot achieve, such as:

· Bitcoin is very convenient to carry, you only need to remember a string of words, while physical gold is very heavy;

· Bitcoin can be verified for anti-counterfeiting anytime and anywhere, while physical gold is easy to counterfeit with metals of similar specific gravity (in recent years, there have been many cases of adulteration of gold jewelry);

· Bitcoin is easier to split and trade, while gold is the opposite;

· Even if Bitcoin transfers on the chain often reach hundreds of millions of dollars, the handling fee is only a dozen dollars. It is difficult for gold and even the modern banking system to achieve such a low and fast transfer fee for assets.

Grayscale launched its first Drop Gold campaign on May 1, 2019, and released an advertisement with the theme of "Drop Gold" to remind people that it is time to replace gold with Bitcoin.

In 2020, Barry Silbert, founder of Grayscale and blockchain venture capital firm DCG, tweeted that Grayscale has re-launched the anti-gold advertisement "Drop Gold", which is now running on all major networks in the United States. This is a marketing campaign for Bitcoin. The video proposes that "digital currencies like Bitcoin are the trend of the future" and aims to make Bitcoin a tool for storing value in the 21st century.

In fact, most people, including some financial institutions, have never taken Grayscale ads a few years ago. At that time, some financial tycoons sneered at it, such as the famous BlackRock CEO Larry Fink, who once bluntly stated that Bitcoin is worthless! However, not long ago, Larry Fink changed his mind and said: BTC will subvert traditional finance.

Today, BlackRock has become a Bitcoin whale holding nearly 500,000 BTC. 2) Rapid inflow of funds into spot ETFs

As early as 2020, JPMorgan Chase, the largest bank in the United States by total balance sheet, published a report examining the success of Grayscale Bitcoin Trust (GBTC). The bank was once one of the biggest critics of Bitcoin, but the report acknowledged that demand for Bitcoin even affects mature markets.

JPMorgan Chase pointed out that demand for Bitcoin could erode demand for gold ETFs. According to the study, the number of people flowing into Grayscale Bitcoin Trust in October 2023 was significantly higher than that of gold ETFs. Therefore, the US bank concluded that GBTC might be able to capture some share of the gold ETF market.

As of December 5, on the global asset ranking list from Companiesmarketcap, Bitcoin surpassed silver with a market value of 2 trillion, ranking 7th in the world's asset market value. Currently, the market value of Bitcoin has also surpassed the total market value of the world's four largest banks.

Bitcoin is still more than 7 times away from the market value of more than 15 trillion US dollars of gold. Perhaps in the eyes of many people in the crypto asset circle, this may not be a very difficult thing for Bitcoin, which has grown 277 times in 10 years.

Recently, SkyBridge Capital CEO/Senior Hedge Fund Manager Anthony Scaramucci said that the market value of Bitcoin will eventually exceed the market value of gold at 16 trillion US dollars. In an interview with CNBC, the founder of SkyBridge Capital called Bitcoin a high-quality asset that has never been seen in the past 5,000 years of human history.

Scaramucci said that Bitcoin still has a long way to go from the market value of 16 trillion US dollars of gold, but he believes that the distance will narrow over time as regulators approve BTC ETFs.

In fact, it is not surprising that Bitcoin is gradually eroding the market share of gold. The relationship between "digital gold" and "gold" is like that between "digital payment" and "paper money". As time goes by, the use of paper money is getting less and less, and the old gold may not be able to meet the needs of everyone, so Bitcoin fills this gap. As for whether Bitcoin can gradually surpass gold, it will take time to verify.