Investors Rush to Bitcoin After Missing Gold’s Big Moment – It’s a Crypto Party!

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So, apparently, some investors are having a little meltdown after missing the gold rush. According to Coinbase’s John D’Agostino, they’re now eyeing Bitcoin (BTC) like it’s the next best thing since sliced bread. But, like, the fancy organic kind. You know, the one you can get at Whole Foods for $12 a loaf. 🍞💸

In an exclusive chat on CNBC’s Squawk Box (because where else do billionaires talk about money?), D’Agostino, who’s the head of Coinbase’s institutional strategy (aka, the guy who knows where the money’s hidden), says Bitcoin is looking *real* attractive to those who missed out on gold’s massive rally. Gold, schold, am I right? 🤷‍♀️

“I spoke to a couple of traders who said, if you believe these inflationary conditions and de-dollarization are here to stay, gold is your first choice. But maybe you missed the boat on that one. You look at the gold rally and you’re like, ‘Oh, I definitely missed that.’ So what other assets could help you through market chaos and protect you from inflation in the long-term?

Well, let me tell you. Bitcoin made the short list. It’s got all the cool characteristics—scarcity, immutability, non-sovereign asset vibes, and portability. Oh, and did I mention that the mining difficulty is harder than trying to understand your aunt’s Instagram posts? Yeah, that’s a thing. 👏”

And guess what? According to D’Agostino, Bitcoin’s not just a pretty face. It’s been performing like a rockstar during market turmoil and inflation. Move over, gold! 🤯

“I know a couple of the best commodity traders in the world—basically the superheroes of the finance world. A few years ago, they thought inflation was going to be the thing that wouldn’t quit. So, they made a *basket*—and no, it wasn’t for eggs. They looked at hundreds of assets to see what might protect against inflation over the next decade. And guess what? Bitcoin was always top five. So while nothing’s perfect, if you’re going to hedge against market panic, Bitcoin and gold are like the Beyoncé and Jay-Z of the finance world. 👑”

And just for fun, Bitcoin is trading at a cool $93,146 as of now, up 2.6% in the last 24 hours. That’s not too shabby, right?

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2025-04-23 23:03