Bitcoin Primed to Outshine Gold? Bloomberg Strategist Foresees Market Flip

Move over, gold—Bitcoin’s gunning for the throne. A Bloomberg strategist drops hints that the crypto giant might soon rewrite the safe-haven playbook.

Forget ’digital gold.’ This could be a full-scale regime change. The old guard’s shiny relic faces its toughest competitor yet—a decentralized asset built for the digital age.

Wall Street’s still clutching its pearls, but the math doesn’t lie. Liquidity, portability, verifiable scarcity—Bitcoin checks boxes gold can’t even reach. And no, you can’t eat either of them during a crisis.

One cynical footnote? The same institutions betting against crypto are quietly accumulating BTC. Some traditions—like hypocrisy—never go out of style.

Source: X

Gold and Bitcoin move in sync

The important aspect to note in this case is Bitcoin’s growing correlation with gold, with both assets now moving in greater synchronicity. This isn’t just a technical coincidence—investor behavior is driving the shift.

The hedge appeal of Bitcoin is gaining mainstream recognition.

Source: Newhedge

Senator Lummis and U.S. Treasurer endorse BTC

U.S. Sen. Cynthia Lummis was in the headlines when she stated the U.S. should aim to hold 5% of global Bitcoin supply, just as it does with gold.

She was not alone in making that observation.

Former U.S. Treasurer Rosie Rios added fuel to the fire with her declaration,

“Bitcoin is here to stay… The train has left the station.”

These public remarks by top officials are considered to be early signals of parliamentary interest. They also capture what the market is only beginning to factor in—a future scenario where BTC is included in national reserves.

Open Interest spikes as institutions get onboard

Since early May, the BTC’s Open Interest accelerated dramatically—something which is interpreted as a sign of growing institutional demand.

With yields higher than long-term bonds and increasing political support, Bitcoin is quickly becoming a serious contender for reserve asset status.

This environment lays the groundwork for a possible long-term bullish breakout. The combination of macroeconomic shifts and vocal legislative support could propel BTC’s price even higher.

Source: CryptoQuant

So, what can be expected for BTC?

As Bitcoin’s returns continue to outpace those of traditional assets and its connection to Gold strengthens, people are beginning to view it in a new light.

If politicians persist in advocating for its inclusion in reserves, Bitcoin could follow a trajectory previously reserved for gold.