The legendary venture capitalist Tim Draper has taken to social media proclaim that gold is dead. “It just sits there. Bitcoin is moving,” he said.
He has added that Bitcoin is “without boundaries”, without permits “and” programmable “.
According to Draper, Bitcoin can be used to make fashion shops that are impossible with gold.
“You can't buy gold coffee. But with bitcoin you can – without banks, inflation or friction,” the billionaire decided.
However, some social media users quickly pointed out that gold has been significantly ahead of Bitcoin in 2025. Yellow metal is more than 20% more than 20% of the year, while its digital rival remains in principle flat.
Between them
Gold has benefited from the economic instability caused by tariffs, and for the first time this week has increased over $ 3,500 per ounce.
In the meantime, there are still discussions about whether Bitcoin can actually qualify as a safe asset. As U.Today said, Canadian billionaire Frank Giustra recently thought that Bitcoin should not be compared to gold as it performs various functions. In reflecting the criticism of controversial financial commentator Peter Schiff, he has dismissed the leading cryptocurrency “pure speculation”.
If reported u.todayThe longtime Bitcoin investor Draper predicted that the price of cryptocurrency could rise to $ 3 million if it becomes a dominant currency.
In the past, the venture capital predicted that Bitcoin would hit $ 250,000 by the end of 2022. Later he modified Uber-Bullish price call in 2023, predicting that the leading cryptocurrency will eventually reach the aforementioned price to the milestone by mid-2025 (which again seems extremely unlikely).
