Bitcoin’s Valuation Surpasses Gold but Faces Challenges as a Safe Haven Asset
In a significant milestone, Bitcoin’s price has surpassed the value of one kilogram of gold, reaching a daily high of $107,089. However, despite this achievement, gold continues to outperform Bitcoin as the preferred safe-haven asset among institutional investors during periods of economic uncertainty. This article delves into the current market dynamics, highlighting the contrasting performances of Bitcoin and gold, and explores the factors influencing investor preferences.
Bitcoin Surpasses Gold per Kilo but Lags as Safe Haven Amid Market Volatility
Bitcoin’s valuation eclipsed one kilogram of Gold this week, trading above $106,000 to reach a daily high of $107,089. Yet gold retains its appeal among institutional investors during economic turbulence, outperforming BTC with a 23% year-to-date gain compared to Bitcoin’s 12%.
MEXC COO Tracy Jin notes the divergence underscores a persistent preference for traditional safe-haven assets. "The macroeconomic climate favors gold," she observed, highlighting institutional capital flows despite Bitcoin’s store-of-value narrative.
Bitcoin Realized Cap Hits $906B, Signaling Sustained Accumulation Amid Sideways Trading
Bitcoin’s realized capitalization has surged to a record $906 billion, marking its fourth consecutive weekly high according to CryptoQuant data. This metric, which values each coin at its last transaction price rather than current market rates, reveals $14 billion in fresh capital inflows over 10 days—a 1.61% gain that underscores growing investor conviction.
The network’s fundamental strength emerges as BTC consolidates NEAR the $104,731 resistance level. Unlike traditional market cap calculations that include dormant coins, realized cap filters out inactive supply, providing a clearer gauge of active investment. Analyst Carmelo Alemán notes the sideways price action coincides with this sustained capital deployment, suggesting accumulation beneath the surface.
New Bitcoin Proposal BIP-177 Could Redefine the Cryptocurrency’s Unit Structure
Bitcoin stands on the brink of a fundamental redefinition with BIP-177, a proposal that seeks to eliminate the ’satoshi’ as the base unit. Under the new framework, 1 bitcoin would become the smallest indivisible unit, effectively removing decimals from the equation. The currency code BTC remains unchanged, but 1 BTC would now represent 100,000,000 bitcoins—a shift advocates argue enhances clarity and aligns with Bitcoin’s integral design.
High-profile supporters like Jack Dorsey champion the change for its potential to simplify user experience and education. Developer Oystein Røvik’s proposal challenges longstanding conventions, where bitcoin values have historically been displayed with decimals and the satoshi as the atomic unit. The community now faces a pivotal decision that could reshape Bitcoin’s technical and philosophical foundations.
Jamie Dimon Says JPMorgan Investors Can Buy Bitcoin: Crypto Rebounds After Nearly $600M Rekt
JPMorgan Chase CEO Jamie Dimon announced during the bank’s annual investor day that clients can now purchase Bitcoin, though the bank will not provide custody services. Dimon’s stance reflects a cautious endorsement: "I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin." The MOVE signals growing institutional acceptance despite lingering skepticism.
Bitcoin’s recovery follows a $600 million liquidation event, underscoring its volatility. The cryptocurrency remains tightly correlated with tech stocks, reinforcing its status as a risk-on asset. Institutional accumulation of BTC continues to rise, suggesting confidence in an impending crypto market upturn.
JP Morgan to Allow Client Bitcoin Purchases Despite Dimon’s Past Criticism
JP Morgan Chase CEO Jamie Dimon, a longtime Bitcoin skeptic who once dismissed the cryptocurrency as "worthless," revealed the bank will soon enable client access to BTC purchases. The policy shift emerged during Monday’s investor day presentation, though the institution will not provide custody services.
Dimon’s announcement marks a notable pivot for the Wall Street giant, which has historically taken a adversarial stance toward digital assets. The move reflects growing institutional acknowledgment of client demand for crypto exposure, even among traditional finance leaders with personal reservations.
