Gold Crash Coming? Bitcoin Price Set to Dominate, Predict Experts

Amid significant macroeconomic events, the alluring shine of gold is expected to fade, paving the way for Bitcoin price dominance. Experts predict a potential gold price crash, with Bitcoin taking the center stage. A major shift in the financial landscape is estimated, with gold prices expected to dip in favor of the cryptocurrency’s rising dominance.

This article delves into the possible gold crash and Bitcoin’s surging dominance in the modern financial world.

Gold Price Crash to Boost Bitcoin Price Dominance: Expert Insights

In a recent X post, Robert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” shared insights on the ongoing Bitcoin vs Gold debate. Highlighting Bitcoin’s supremacy over gold and silver, Kiyosaki addressed the crypto’s scarcity as its major advantage over traditional assets.

Adding fuel to the fire, experts predict a potential gold price crash that could catapult Bitcoin price to new heights, further solidifying its dominance in the market.

At the same time, Bitwise CEO Hunter Horsley drew attention to the growing interest in Bitcoin despite gold’s popularity. This statement underscores BTC’s surging demand and its potential to overpower traditional assets like gold.

Bitcoin’s Scarcity Matters

Significantly, Robert Kiyosaki points to Bitcoin’s scarcity as a major reason for its unique position. With a capped supply of 21 million, the Bitcoin price remains unconquerable. Unlike gold and silver, which can be mined in larger quantities, Bitcoin’s limited supply makes it unique. His statement implies that Bitcoin’s scarcity, combined with its potential for growth, makes it an attractive asset compared to traditional commodities like gold and silver.

Experts Predict Gold Price Crash: What You Need to Know

Market expert Egrag Crypto took to X to provide a technical analysis shedding light on a potential gold price crash. He warns that the 3-day candle closing above the Fib 0.702 level ($3,405) could signal critical macroeconomic instability. According to him, this suggests a crisis potentially worse than the 2020 COVID pandemic or even a global conflict, with far-reaching consequences.

In line with his gold price prediction, India launched missile attacks against Pakistan under “Operation Sindoor,” targeting nine terrorist sites. This event could have a severe impact on the global financial economy, affecting both traditional assets and cryptocurrencies like Bitcoin.

Today, the gold price dipped by 1.31% to 3,387.50, whereas the BTC price surged by 2.16% to $96,485. If the prediction comes true, the gold price could experience severe dips, with a major financial shift on the horizon. However, financial experts like Tarun Satsangi stated that the India-Pakistan war will have little effect on gold. He cited,

Historically, during 1965, 1971 and Kargil wars, we saw that gold prices didn’t move much. Gold is more driven by developments in the Middle East and the US and China -related activities. This event (Operation Sindoor) is largely neutral for gold.