As CERN scientists transform lead into gold, questions over the long-term value of the precious metal are dotting the financial markets. CNBC crypto trader Ran Neuner argues that Bitcoin will be the winner over bullion in the race to become the ultimate safe-haven asset.
CNBC crypto trader Ran Neuner has pitched his tent with Bitcoin after scientists transformed worthless lead into gold. According to an X post, the Crypto Banter founder noted that the experiment will negatively affect the value of gold and its scarce value.
Last week, scientists used CERN’s Large Hadron Collider to knock out protons from lead atoms, converting them into gold. Still far from commercial use, the possibilities of lab-grown gold have triggered diverse reactions in finance, stoking fresh comparisons with Bitcoin.
“This is really bad for gold,” said Neuman. “Scientists can literally recreate gold in a lab and this makes gold no longer scarce.”
Neuman is hinging his argument on diamond charts after the discovery of lab-grown diamonds. He notes that since lab-grown diamonds entered the market, supply is outpacing demand, adversely affecting the scarce value of diamonds.
Drawing comparisons, Neuner notes that lab-grown gold costing a fraction of naturally occurring precious metal will trigger a mass pivot to Bitcoin. Despite the prediction, Bitcoin critic Peter Schiff says BTC is opposite to gold, taking swipes at comparisons between both assets.
“Once people realize this, there will be a huge shift into Bitcoin,” said Neuner.
Bitcoin and gold are in two-horse race for the title of the ultimate safe haven asset. Donald Trump-induced tariff wars has seen both assets surge in valuation with gold reaching a peak of near 3,500. On the other hand, Bitcoin has surged beyond $100,000, consolidating its position while eyeing a stronger rally.
Despite the surge, progress around the US-China tariff negotiations has triggered a 10% correction for the precious metal, leaving prices around the $3,200 mark. Bitcoin weathered the cooling trade tensions well, holding the $103,000 mark while flashing bullish signals in recent days.
Robert Kiyosaki is predicting the Bitcoin price to reach $250,000 in this cycle, citing a wave of macroeconomic uncertainty as a major driver. Arthur Hayes, Samson Mow and Standard Chartered have tipped BTC to reach $1 million, potentially reaching gold’s market capitalization during the run.
Apart from a stronger price performance, Bitcoin is edging gold in another key metric. Fresh data indicates that investors are flocking toward Bitcoin ETFs over gold as a hedge against inflation.
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/expert-predicts-bitcoin-dominance-as-scientists-create-lab-grown-gold/
