Gold Expected to Outperform Bitcoin Amid Quantum Concerns, Says Analyst
- Bitcoin (BTC) is currently trading at $67,588, down over 20% year-to-date.
- Gold is priced at $4,880 per ounce, up more than 12% since January.
- Analyst Willy Woo states BTC’s long-term trend against gold has broken due to quantum computing risks.
- Woo estimates a high likelihood (75%) that lost BTC will not be recovered through protocol changes.
Willy Woo emphasizes that the awareness of quantum computing threats has negatively impacted Bitcoin’s valuation compared to gold. He suggests that while Bitcoin may receive upgrades for quantum resistance, the potential return of lost coins poses an ongoing market risk until “Q-Day,” estimated to occur in five to fifteen years. This situation may drive investors towards gold as a safer asset during economic uncertainty.
With Bitcoin facing significant challenges and gold gaining traction as a hard asset, analysts predict continued outperformance of gold over BTC in the coming years. (Source)
