Ever since Bitcoin (BTC) started gaining on price and market capitalization, several topics have started emerging surrounding its position in the market. There are many who are currently debating whether USD will be able to keep its position against Bitcoin (BTC) or it will be pummeled by the digital asset.
On the other hand, there are many who are constantly debating about the worth of gold versus bitcoin and vice versa.
There used to be a time when even the individual investors paid no attention to Bitcoin (BTC). However, since 2009, the platform has gathered so much adoption and success, that every major institution has its eyes set upon Bitcoin (BTC).
The asset is being adopted on a large scale even by governments from around the world. There are many countries that are currently trying to assess the advantages and disadvantages of adopting Bitcoin (BTC).
Just because of the above developments taking place in the bitcoin-verse, many analysts have been compelled to talk in favor of Bitcoin (BTC). Many economic and commodity analysts have predicted that bitcoin (BTC) will soon overtake gold in the race to become the most valuable asset.
Although the debates between the two assets had been going on for more than a decade, the discussions have heated up since 2020. As per analysts, the year 2020 was the year when Bitcoin (BTC) took a real flight towards success and all-time highs.
Towards the end of the year 2020, Bitcoin (BTC) had gained so much mainstream-adoption and success, that the BTC proponents started comparing it with gold.
That was the time, the groups on both sides started arguing with each other over the supremacy of the assets. Not just that but the groups from both sides even started criticizing the nature of the opponent’s asset.
This time, the debate has been taking place between Mark Cuban and Peter Schiff. Just recently, it was Mark Cuban who shared his views about the growth and rally experienced by Bitcoin (BTC). He stated that BTC has shown significant/promising growth and rally in the year 2020 and has continued the same trend in the running year.
On the other hand, the global reputation and capitalization of gold have started to diminish and it is expected to die soon. According to Cuban, gold will soon lose its position as the most valuable asset for being a store of value (SOV).
Cuban made this comment through the Twitter platform on Tuesday, March 2, 2021, when he went direct with Peter Schiff.
While Cuban has emerged as one of the proponents and empathizers of BTC, Peter Schiff has emerged as the skeptic against BTC. Schiff is known to be the most die-hard supporter of gold and is seen talking very highly about its market value and reliability as a store of value (SOV).
As per sources, the debate between the two personalities doesn’t seem to be coming to an end. It is hoped that the debate will only end once either of the assets emerges as the winner.