• Willy Woo says Bitcoin still trades like a risk asset.
• He estimates BTC may need 15–20 years to rival gold.
• Robert Kiyosaki warns of a crash while accumulating BTC and gold.
The Bitcoin vs Gold debate returned this week after on-chain analyst Willy Woo argued that Bitcoin remains years away from matching gold’s global dominance.
Writing on X this week, Woo said Bitcoin still behaves like a risk asset. As a result, he believes the transition toward becoming a true macro hedge could take up to two decades.
Bitcoin vs Gold: Woo Says BTC Still Trades as Risk Asset
Woo responded to a post referencing comments by Cathie Wood, who has described Bitcoin as protection against inflation and deflation.
However, Woo aligned with macro analyst Henrik Zeberg, who recently labeled Bitcoin the “ultimate risk asset.” According to Woo on X, BTC continues to move in a risk-on pattern typical of emerging markets.
In contrast, he described gold as a mature hedge that already holds deep institutional trust. While Bitcoin’s fundamentals may be strong, he argued that trading behavior reflects market psychology, not just technology.
Therefore, Woo said Bitcoin cannot yet replace gold in global portfolios.
Why the 20-Year Timeline Matters for Markets
Despite his caution, Woo reiterated that Bitcoin could eventually become “a better gold.” Still, he estimated that such a shift may take 15 to 20 years.
According to Woo, gold would first need to “break” in terms of confidence before Bitcoin assumes its role. Meanwhile, he warned that traders often underestimate how slowly macro narratives evolve.
Gold has served as a store of value for decades. Central banks hold it as a reserve asset, and investors turn to it during crises. That legacy trust, Woo suggested, cannot shift overnight.
As a result, Bitcoin’s path depends as much on perception as on code.
Finality Debate Highlights Structural Divide
Trader Bob Loukas also joined the discussion on X, arguing that Bitcoin lacks the state-level finality gold provides.
Woo partially agreed. He acknowledged that gold offers settlement certainty within the existing financial system.
However, he maintained that Bitcoin surpasses gold in portability, transparency, and fixed supply. Over time, he believes those attributes could outweigh current limitations.
Still, that evolution remains uncertain.
Why Traders Watch the Bitcoin vs Gold Narrative
The Bitcoin vs Gold comparison intensified during past inflation cycles. In 2020 and 2021, investors promoted Bitcoin as “digital gold” amid aggressive monetary stimulus.
At the time, BTC price analysisC rallied sharply as institutional interest surged. However, during subsequent rate hikes, Bitcoin traded in line with equities, reinforcing its risk-asset label.
Traders remember that divergence. It shapes today’s skepticism about Bitcoin’s hedge status.
Market Impact
At the time of writing, Bitcoin trades near $67,800, down 2.55% over the past 24 hours.
The decline aligns with broader risk-sensitive movements. Meanwhile, gold prices remain comparatively stable, reinforcing Woo’s argument about behavioral differences.
Volatility in Bitcoin also remains higher than in gold markets, underscoring the maturity gap between the two assets.
Robert Kiyosaki Warns of Crash, Accumulates BTC
Separately, author Robert Kiyosaki warned of an imminent “giant crash.” Writing recently on X, he referenced predictions from his 2013 book and said market turmoil could reward holders of hard assets.
Robert Kiyosaki stated that he continues to accumulate Bitcoin, Ethereum, silver, and gold as prices decline.
However, past crash warnings from Kiyosaki have not always aligned with timing in financial markets. Therefore, investors continue to debate the likelihood and scale of any near-term collapse.
For now, the Bitcoin vs Gold debate remains unresolved. While Bitcoin offers structural advantages, gold retains institutional trust and reserve status.
According to Willy Woo, that balance may not shift for 15 to 20 years. Meanwhile, market behavior continues to frame Bitcoin as a high-beta asset rather than a defensive hedge.
Whether that perception changes will depend on macro cycles, regulation, and investor confidence over time.
