Gold

Bitcoin

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<p dir="ltr">Bitcoin (BTC) advocate Samson Mow has made a very hilarious statement that&nbsp;<a href="https://x.com/Excellion/status/1772822831480664498?s=20" rel="noopener noreferrer nofollow">showcased</a> the false diversification of some of his capital from the premier digital currency into Gold.</p>
<h2 id="hedging-bitcoin-bet-with-gold">Hedging Bitcoin bet with Gold</h2>
<p dir="ltr">Over the past few years, there has been a deep conversation and debate regarding Bitcoin and Gold supremacy. While many Bitcoin proponents have chosen between these two asset classes, Samson Mow has, until now, been silent about his views on Gold.</p>
<p dir="ltr">The&nbsp;<a href="https://u.today/samson-mow-makes-bold-bitcoin-etf-prediction-for-this-week-as-btc-tops-70000" rel="noopener noreferrer nofollow">Bitcoin bull</a> shared a picture of Ouro Portuguese Gold with a caption that suggests he bought some gold bars while on his way from the Bitcoin Atlantis conference that took place in Madeira, Portugal. However, what he actually acquired were Portuguese Sardines shaped as Gold fillets.</p>
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 <p lang="en" dir="ltr">On the way home from <a href="https://twitter.com/BitcoinAtlantis?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BitcoinAtlantis</a>, I diversified my holdings a bit. <a href="https://t.co/sAzWM5ncOQ" rel="noopener noreferrer nofollow">pic.twitter.com/sAzWM5ncOQ</a></p>— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1772822831480664498?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2024</a>
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<p dir="ltr">The joke, however, showed the ongoing conversation surrounding Bitcoin and Gold. Financial leaders like the "Rich Dad Poor Dad" author Robert Kiyosaki are known to favor a diversified asset portfolio with a heavy Gold component.</p>
<p dir="ltr">Gold has served as the de facto hedge against inflation and fiat devaluation for decades. With the emergence of Bitcoin,&nbsp;<a href="https://u.today/bitcoin-btc-surpasses-gold-in-investor-portfolios-jp-morgan" rel="noopener noreferrer nofollow">the sentiment shifted to Bitcoin</a>, especially as its total supply is limited to 21 million, unlike Gold whose supply is unlimited.</p>
<p dir="ltr">As a major Bitcoin bull, it is unlikely that Samson Mow will make a bet on Gold soon.</p>
<h2 id="samson-mow-on-bitcoin-etf-attractiveness">Samson Mow on Bitcoin ETF attractiveness</h2>
<p dir="ltr">One of the major catalysts behind the advocacy by Samson Mow to investors and nation-states to buy Bitcoin is the influence of spot BTC ETF products. While the United States market is thriving with massive inflows into the product over the past two months, Hong Kong is now&nbsp;<a href="https://u.today/hong-kong-primed-for-bitcoin-etfs-expert-calls-it-game-changer" rel="noopener noreferrer nofollow">making a move to list spot Bitcoin ETFs</a> as well.</p>
<p dir="ltr">In a separate post on X, Samson Mow highlighted the attractiveness of the Hong Kong version, which will allow in-kind creates that will see investors make their redemption with the underlying physical Bitcoin.</p>

Did Bitcoin (BTC) Advocate Samson Mow Shift Capital to Gold?

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