Bitcoin (BTC) recently soared to a new all-time high (ATH), sparking a fresh wave of macro debate across social media. Gold purists and crypto advocates are once again locking horns.

The pioneer crypto’s role in mainstream finance continues to grow, threatening gold’s status as a safe-haven asset.

Bitcoin’s New All-Time High Has Gold Maxis Coping, Not Converting

The debate followed a snide remark from gold enthusiast Debra Robinson, who highlighted Bitcoin’s foray past the $118,000 threshold.

While intended as a dig at Bitcoin’s perceived artificiality, the comment drew sharp rebuttals from some of crypto’s most respected macro thinkers, with investor Preston Pysh quickly firing back.

“Imagine paying for man-made numbers on GLD where you can’t even audit whether the numbers are real or not,” wrote the investor.

Macro strategist Lyn Alden offered a more tempered take, suggesting gold holders adopt a hybrid strategy.

“Precious metal enthusiasts could buy a Bitcoin position of like 5% of their metals position,” Alden wrote.

According to Alden, this would hedge against the risk of Bitcoin gradually taking market share. The macro strategist, who has long emphasized risk-balanced portfolios, also responded to a growing chorus of skeptics questioning the logic of

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Author: Lockridge Okoth