Binance CEO Calls Bitcoin the Digital Gold of Our Era
Binance CEO Richard Teng recently called Bitcoin the “digital gold of our era.” He shared this view on X, highlighting Bitcoin as a decentralized, inflation-resistant asset. Teng’s statement reflects growing interest in Bitcoin as a store of value amid economic uncertainty.
Michael Saylor, founder of Strategy and the largest Bitcoin holder company, agreed with Teng. He responded with “Yes” to Teng’s post, supporting the comparison between Bitcoin and gold.
Bitcoin as a Modern Store of Value
Gold has long been a safe-haven asset due to its scarcity and cultural value. Bitcoin, created in 2009 by Satoshi Nakamoto, shares a capped supply of 21 million coins. This scarcity appeals to investors during financial crises.
For example, during the 2020 pandemic crash, Bitcoin’s price rose from $10,000 to over $60,000. Teng’s remarks position Bitcoin as a digital evolution of gold.
Market Data and Expert Opinions
- As of October 8, 2025, Bitcoin traded around $123,186, down 2.39% from its all-time high of $126,198 on October 5.
- Gold was priced near $4,042 per ounce, up 1.56% in the past 24 hours.
- The Bitcoin-to-gold ratio is approximately 30:1, indicating Bitcoin’s stronger performance despite higher volatility.
Michael Saylor calls Bitcoin “digital energy” and a hedge against fiat currency devaluation. Cathie Wood of ARK Invest predicts Bitcoin could reach $1.5 million by 2027. These views highlight growing institutional confidence, though critics point to Bitcoin’s energy use and regulatory risks compared to gold’s stability.
