CZ says Bitcoin could flip gold as global market value narrows

Source Cryptopolitan

Binance’s founder Changpeng ‘CZ’ Zhao made one of his bullish predictions for BTC. He believes Bitcoin’s value can flip gold at some point in the future. 

Despite the strength of gold, Changpeng ‘CZ’ Zhao believes Bitcoin’s overall value can flip the precious metal. Currently, the overall market cap of BTC is way behind gold, which is the world’s most valuable asset. 

BTC also lags behind some of the top tech companies, and often trades more similar to a stock than a precious metal. 

BTC still has a market cap at around $2.21T, while gold is at $30.34T during one of its most powerful rallies. Both BTC and gold have been added to the so-called ‘debasement trade’, as a potential security against the devaluation of currency and especially the US dollar. 

Over the years, BTC has caught up with gold, making a flippening not so unrealistic. When BTC launched, the global market cap of gold was at around $8T, with periods of sideways trading for years. BTC often surpassed BTC in terms of annualized growth, only taking the second spot in 2021. 

Zhao tweeted just as BTC attempted to hold onto the $111,000 range. Gold traded close to its peak, at $4,346.45, after a recent recovery. As of October, BTC is considered undervalued compared to gold, and expected to close the value gap by rising to the $130K-$150K range. 

Will Bitcoin outcompete gold in 2025?

In the year to date, BTC locked in 61% in total gains, while gold stood at 60.7% as of October 20. 

BTC also displaced silver, which briefly took the lead as the most rapidly expanding asset in the year to date. Silver only gained a small head start on BTC, though still depending on regional factors. 

Bitcoin’s major disadvantage is that it is still not considered an official reserve. Government vaults are also quite small in comparison to gold reserves. Over time, however, BTC has served well to offset both USD and local currency risks. 

Both BTC and gold track the growth of M2 money, meaning their nominal price does not always offset inflation. The assets are also trading with short-term anomalies, and may change direction over time. 

Based on Polymarket data, the relationship of BTC and gold remains volatile. The odds of BTC outperforming gold by the end of 2025 are on the low side, but have recovered to around 25%. 

Will BTC rally after gold’s peak? 

Historically, gold peaks have also been followed by BTC rallies. Most notably, after the 2020 pandemic slump, BTC caught up with gold, shifting to the $60,000 range. 

Changpeng 'CZ' Zhao: Bitcoin will flip gold
Historically, BTC has rallied after a peak price for gold, breaking to a new price range as in 2020. Currently, BTC is lagging, but is also expected to close the gap with gold. | Source: Newhedge

BTC has also closed the gap with gold at the end of 2024. Currently, BTC is lagging, but is once again expected to close the gap with gold, resulting in a higher price range. 

The coin recently retested its long-term trendline against gold, but regained its overal momentum. It has expanded its price in terms of gold over the years, and may continue the correlation, according to analysts.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Drops Below $83,000 as US Government Transfers Over 10,000 BTC, Sparking Panic Over Potential Selling PressureUS government transfers over 10,000 BTC as Bitcoin extends losses to breach $83,000, but a further sharp decline remains unlikely.On October 8, Bitcoin (BTC) extended its recent losses, f
Author  TradingKey
10 hours ago
US government transfers over 10,000 BTC as Bitcoin extends losses to breach $83,000, but a further sharp decline remains unlikely.On October 8, Bitcoin (BTC) extended its recent losses, f
placeholder
Gold falls to a two-month low as real yields bite — can $4,000 hold?Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday, its highest since 2002. Here are the levels, the institutional split, and the scenarios into tonight's jobless claims and 30-year auction.
Author  Irene Q.
10 hours ago
Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday, its highest since 2002. Here are the levels, the institutional split, and the scenarios into tonight's jobless claims and 30-year auction.
placeholder
Gold Price Forecast: Gold Drops Below $4,100, Could Test $4,000 in Short TermAs of the Asian session on October 8, gold prices (XAUUSD) maintained a weak rebound trend today, with the latest price trading around $4,120; yesterday, gold prices briefly fell below $4
Author  TradingKey
10 hours ago
As of the Asian session on October 8, gold prices (XAUUSD) maintained a weak rebound trend today, with the latest price trading around $4,120; yesterday, gold prices briefly fell below $4
placeholder
Euro slides to a 17-month low as France's budget crisis spreads — can 1.12 hold?EUR/USD touched 1.1162 on 5 October, its weakest level in 17 months, as France's budget standoff pushed the 10-year OAT above 5% and the OAT-Bund spread to roughly 160bp — the widest since the 2011-12 eurozone debt crisis. The euro now trades near 1.1215 ahead of US jobless claims and a $22 billion 30-year Treasury auction. Here are the levels and the two scenarios to watch.
Author  Irene Q.
11 hours ago
EUR/USD touched 1.1162 on 5 October, its weakest level in 17 months, as France's budget standoff pushed the 10-year OAT above 5% and the OAT-Bund spread to roughly 160bp — the widest since the 2011-12 eurozone debt crisis. The euro now trades near 1.1215 ahead of US jobless claims and a $22 billion 30-year Treasury auction. Here are the levels and the two scenarios to watch.
placeholder
Today’s Market Recap: 10-Year Treasury Yield Hits Highest Since 2002,U.S. Stocks Fall as Brent Barely Holds $100Tracking the Market TrendTradingKey - On October 7, U.S. Eastern Time, the 10-year Treasury yield climbed to an intraday high of 5.36%, its highest level since 2002, while all three major U.S. stock i
Author  TradingKey
17 hours ago
Tracking the Market TrendTradingKey - On October 7, U.S. Eastern Time, the 10-year Treasury yield climbed to an intraday high of 5.36%, its highest level since 2002, while all three major U.S. stock i
goTop
quote