Gold: 5,000 years undefeated. Finite supply, but 1–2% mined annually. Can’t be sent across borders in seconds. Costs $100+ to store $100k safely. Central banks hoard it… then quietly buy Bitcoin.
Bitcoin: 16 years old, already harder money. Fixed 21M cap—no inflation ever. Move $1B for $50 in fees, settle in 10 mins, self-custody in a 12-word seed. No counterparty risk. Volatility? That’s the price of a new global monetary asset finding its wings.
Gold is the past’s winner. Bitcoin is the future’s upgrade.
2025 narrative shift: institutions aren’t “diversifying” into BTC—they’re rotating out of gold ETFs into spot Bitcoin ETFs at record pace.