Top Satoshi Candidate Explains Why Gold Is Not Good as Currency
Analysis
Price Impact
MedNick szabo's analysis reinforces bitcoin's fundamental value proposition as a superior form of money compared to gold, highlighting gold's vulnerabilities to centralization and custody. this strengthens the long-term bullish narrative for bitcoin.
Trustworthiness
HighNick szabo is a highly respected figure in the cryptocurrency community, considered a potential satoshi nakamoto candidate. his insights on monetary systems and digital assets carry significant weight.
Price Direction
BullishBy meticulously detailing gold's inherent weaknesses (centralization, custody risk, difficulty of transfer) and contrasting them with bitcoin's decentralized, bearer asset design, szabo's comments reinforce btc's role as a true 'digital gold' and sound money, which is fundamentally bullish for its long-term valuation.
Time Effect
LongThe arguments presented by szabo pertain to the foundational characteristics of money and store-of-value assets, which influence long-term adoption, investor sentiment, and fundamental valuation rather than immediate price movements.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News Nick Szabo , one of the top candidates to be Satoshi Nakamoto, had some interesting things to say about gold as it continues to hit record highs and the cryptocurrency market breaks through recent lows, a move Peter Schiff immediately framed as "proof" that the market is waking up. Advertisement The essence of the debate Szabo weighed into was the question — if gold was so perfect, why did it lose its monetary role? Szabo's point on this matter is pretty straightforward: gold did not fail because people stopped valuing it but failed as money because centralization broke it. Once the metal was locked away in bank vaults and the whole system relied on trust and custody, the door opened for abuse. HOT Stories Morning Crypto Report: XRP Rockets 324% in Weekly ETF Inflows, Strategy CEO Reveals Why They May Sell Bitcoin, Shiba Inu (SHIB) in December: What to Expect Ripple Wins Major License Boost in Singapore XRP Sees 1,447% Liquidation Imbalance, Shiba Inu Joins Japan's Green List, Saylor’s Strategy Having Second-Worst Month Since Buying Bitcoin — Top Weekly Crypto News Crypto Market Prediction: Shiba Inu (SHIB) Ends It Here, Bitcoin (BTC) Price Reaches Key $90,954 Moment, Will XRP Fall Under Mini-Death Cross? BTC vs Gold by TradingView Put simply, gold's weakness as money was not down to its volatility or scarcity. It was more about the fact that humans had to store it somewhere and trust the entity guarding it. Advertisement He went on to explain that gold's main weakness was its poor resistance to theft. Moving large amounts of gold was tricky, slow and risky, so bills of exchange were used to make high-value transfers. Telegraphy made the change even faster; merchants liked how quick it was to settle payments remotely instead of risking shipping metal across borders. Bitcoin vs. gold The timing of Szabo's comments is important because the BTC/gold ratio has just dropped to the low-20s after being above 30 for months, making it the perfect moment for gold supporters to claim victory. You Might Also Like Fri, 11/28/2025 - 18:40 Former IFF Economist Claims Bitcoin Has Been Relegated to the Sidelines By Alex Dovbnya But the long-term picture still looks optimistic for the crypto. If gold fails because custodians capture it, and if Bitcoin's entire design removes that risk, then every spike in gold's relative performance becomes less a validation of metal and more a reminder of why a bearer digital asset was invented in the first place. #Gold #Bitcoin News #Bitcoin