TLDR
- Michael Saylor stated that possible U.S. gold tariffs could push investors toward Bitcoin.
- He said Bitcoin is not subject to tariffs because it exists in cyberspace.
- Saylor explained that Bitcoin transactions are faster and more efficient than moving physical gold.
- Peter Brandt predicted that Bitcoin will become the ultimate store of value over gold.
- Simon Gerovich described gold as heavy and political while calling Bitcoin light and free.
Rumors of U.S. tariffs on gold imports have fueled fresh debate over shifting investments to Bitcoin (BTC). Michael Saylor, founder of Strategy, said such tariffs could speed capital movement from gold to cryptocurrency. He argued that Bitcoin offers advantages as a digital asset with no physical limitations.
Bitcoin Seen Safer Amid Possible Gold Tariffs
Saylor noted that Bitcoin cannot be taxed like gold because it “lives in cyberspace, where there are no tariffs.” He emphasized that investors can transfer Bitcoin anywhere in minutes, unlike gold, which is slow to move. Moreover, he pointed out that Bitcoin transactions settle easily without political or logistical barriers.
He argued that gold’s physical weight makes it costly and cumbersome compared to Bitcoin’s seamless transferability. He added that tariffs on gold imports highlight the risks of holding physical commodities. According to Saylor, this could lead institutions to see Bitcoin as the safer long-term asset.
Saylor described Bitcoin as “light, fast, and borderless,” making it more appealing in an era of geopolitical and trade tensions. He said the rumored gold tariffs remind the market why digital assets can outperform traditional stores of value. He believes these developments may start a new wave of institutional Bitcoin adoption.
Other Industry Figures Support Bitcoin’s Store of Value Potential
Legendary trader Peter Brandt recently predicted Bitcoin would surpass gold as the ultimate store of value. He said that while gold has historic appeal, Bitcoin’s features give it long-term superiority. Brandt’s view aligns with Saylor’s stance on the cryptocurrency’s resilience against trade restrictions.
Metaplanet President Simon Gerovich also supported Bitcoin amid the gold tariff rumors. He called gold “heavy, slow, and political” while describing Bitcoin as “light, fast, and free.” His company recently bought $53.7 million in Bitcoin, raising its holdings to 17,595 BTC worth around $1.78 billion.
Gerovich said Bitcoin’s lack of physical form removes risks tied to shipping, storage, and border taxes. He added that its rapid settlement and global accessibility give it an edge over traditional precious metals. He noted that tariffs could further highlight Bitcoin’s efficiency.
Market Reaction to Tariff Rumors
Despite the speculation, Bitcoin’s price remained stable, dropping less than 1% in the past 24 hours. Gold futures, however, reached an all-time high following reports of a potential U.S. tax on gold bar imports. Analysts say the contrasting movements show differing investor reactions to trade policy news.
Bitcoin continues to trade within a narrow range, showing resilience despite global market uncertainty. Gold’s surge reflects its ongoing demand as a traditional safe haven. The outcome of the rumored tariff decision could influence future capital flows between the two assets.
