Ansem says narrowing BTC-gold gap strengthens case for government BTC holdings

Crypto trader Ansem voiced a bullish view on BTC, saying the gap between Bitcoin and gold is likely to keep narrowing. In a post on X, Ansem said BTC, when priced in gold, failed to surpass its previous peak in the last cycle. Ansem added that if the argument that BTC is the best digital hard money is correct, the gap between BTC and gold should continue to shrink. Ansem also said the gold market is worth $30 trillion, compared with $1.7 trillion for BTC, and argued that as the gap narrows, governments will have a stronger rationale to hold BTC like gold.