{"id":89048,"date":"2025-09-18T15:51:04","date_gmt":"2025-09-18T12:51:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89048"},"modified":"2025-09-18T15:55:23","modified_gmt":"2025-09-18T12:55:23","slug":"macro-analyst-elucidates-bitcoins-role-as-digital-gold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/macro-analyst-elucidates-bitcoins-role-as-digital-gold\/","title":{"rendered":"Macro Analyst Elucidates Bitcoin&#8217;s Role as Digital Gold"},"content":{"rendered":"<p>The absence of inherent yield in the first cryptocurrency is an advantage that makes it a safer store of value, according to macro analyst Luke Gromen in Natalie Brunell&#8217;s Coin Stories podcast.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/iZNS1zjBthU?si=-_0-IaMOaC5A3HpS\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>He noted that any yield is associated with risks, citing the collapse of the FTX crypto exchange in 2022 as an example.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cStaking on FTX offered yield. Sorry, for some crypto enthusiasts this is a sore subject. But through staking on the platform, you could earn passive income. And how did that end?\u201d he said.<\/p>\n<\/blockquote>\n<p>Gromen pointed out that bank deposits yield interest precisely because depositors take on risk.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEveryone thinks it&#8217;s their money in the bank. And they are mistaken, because it&#8217;s the credit institution&#8217;s money,\u201d the analyst added.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Comparison with Ethereum<\/h2>\n<p>His remarks come amid ongoing <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-and-ether-levels-of-decentralisation-2\">comparisons between Bitcoin and Ethereum<\/a>. Proponents of the second-largest cryptocurrency by market capitalization argue that the Proof-of-Stake consensus mechanism, which allows for staking rewards, makes it a more attractive alternative for traditional investors.<\/p>\n<p>In early September, <a href=\"https:\/\/u1f987.com\/en\/news\/joseph-lubin-ethereum-will-surpass-bitcoin-in-market-capitalization\">Joseph Lubin, founder of ConsenSys, stated<\/a> that Wall Street firms would soon actively engage in staking and participate in DeFi, leading to a 100-fold increase in Ethereum&#8217;s value from its current level.<\/p>\n<p>Similar sentiments were <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-identifies-four-factors-behind-ethereums-outperformance\">shared<\/a> by JPMorgan analysts, who noted that some corporations investing in ETH intend to become validators to earn passive income.<\/p>\n<p>Gromen asserted that Bitcoin&#8217;s value as digital gold lies precisely in the absence of counterparty risk. Market participants primarily buy cryptocurrency to hedge against inflation, government control, and economic instability.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAnyone who says they prefer yield-bearing assets is simply displaying their Western financial privilege,\u201d the macro analyst remarked.<\/p>\n<\/blockquote>\n<p>Back in April, the co-founder of the ETH Strategy protocol, under the pseudonym Clouted, <a href=\"https:\/\/u1f987.com\/en\/news\/expert-declares-dollar-useless-amid-bitcoins-rise\">claimed<\/a> the \u201cuselessness\u201d of the dollar amid Bitcoin&#8217;s rise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The absence of inherent yield in Bitcoin is an advantage that makes it a safer store of value, according to macro analyst Luke Gromen.<\/p>\n","protected":false},"author":1,"featured_media":89049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Its main advantage is the absence of yield, he says.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1138],"class_list":["post-89048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"220","promo_type":"1","layout_type":"1","short_excerpt":"Its main advantage is the absence of yield, he says.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=89048"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89048\/revisions"}],"predecessor-version":[{"id":89050,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89048\/revisions\/89050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/89049"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=89048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=89048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=89048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}