Ki Young Ju, the founder and CEO of on-chain analytics platform CryptoQuant, argued in a recent post that, contrary to popular belief, Bitcoin hasn’t achieved the status of digital gold yet. Despite this, he sees a positive aspect in the current scenario.

Bitcoin has often been referred to as digital gold due to its security, limited supply, and its purported role as a store of value – characteristics that it shares with gold, which has a limited supply that bolsters its worth as a long-term wealth store.

When global economic unrest began in February, spurred by trade tariffs imposed by former U.S. President Donald Trump, many market gurus believed that BTC would witness a substantial capital inflow as investors moved from the stock market to cryptocurrencies.

Even Arthur Hayes, the co-founder of crypto derivatives exchange BitMEX, speculated that the economic turmoil resulting from Trump’s tariffs would trigger a monetary easing cycle that would be advantageous for BTC.

Yet, while the market waits for these predictions to materialize, cryptocurrencies have taken as much of a hit as stocks in the last two months, with BTC experiencing its steepest correction in this cycle.

Ju argued that tariff experts have been “playing 6D chess” since these macro issues surfaced. He suggested that such uncertainties fuel demand for safe-haven assets, implying that BTC is not yet viewed as one. Proof of this is that gold has risen by 11% since Trump left office, while BTC has fallen more than 25% in the same period.

Despite Bitcoin’s uncertain status as digital gold, Ju maintains that BTC will eventually exceed gold’s $20 trillion market cap. Bitcoin’s market cap currently stands at $1.6 trillion.

The CryptoQuant CEO also asserted that BTC has entered a bear phase but remains optimistic about the asset’s long-term potential.

Ju’s short-term bearish outlook for BTC supports his earlier assertion that the cryptocurrency has concluded its bull run for this cycle. Less than a month ago, he stated that all on-chain metrics indicate that BTC is in a bear market, and investors should brace for 6-12 months of bearish or sideways price movements, particularly as fresh liquidity dwindles.

The post Bitcoin’s Digital Gold Status in Question: Insights from CryptoQuant CEO appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Renowned Bitcoin entrepreneur and community figure, Antoine De Vuyst, joins the team as the Chief Technology Officer (CTO). Simultaneously, the pseudonymous artist and developer, dxxmsdxy (pronounced “doomsday”), assumes the position of Lead Designer.

Antoine De Vuyst, who has a rich history in the crypto ecosystem, is the founder of Bitcoin Bay, a crypto community based in Toronto, active since 2014. Antoine’s role at Matador will involve spearheading product and development initiatives, including the digital gold platform.

Known for their contribution to onchain art on Bitcoin since 2014, dxxmsdxy will leverage their expertise in product design and systems thinking to enhance the design and user experience aspects of Matador’s digital gold platform.

Deven Soni, CEO of Matador Technologies, expresses his excitement for the new additions to the team. He believes that the combination of Antoine and dxxmsdxy’s expertise in Bitcoin, Ordinals, and design will be instrumental in the successful launch of their digital gold product.

Matador Technologies Inc. is a pioneer in blockchain technology, specializing in the digitization of real-world assets like gold. The company’s digital gold platform aims to revolutionize the gold buying experience by allowing users to buy, sell, and store gold 24/7 in a captivating and convenient way.

For additional information, please contact:

Media Contact:
Sunny Ray
President
Email: sunny@matador.network
Phone: 647-932-2668

Cautionary Statement Regarding Forward-Looking Information:
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION.

This news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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