Monetary analyst and portfolio manager Karel Mercx has declared the debate between Bitcoin and precious metals officially over, arguing that the “digital gold” memoir has shattered within the face of 2026’s financial fact.
In a pair of scathing updates, Mercx argues that while the Federal Reserve’s monetary insurance policies trust efficiently launched Gold and Silver to fresh All-Time Highs (ATHs), Bitcoin has didn’t act as the hedge it became as soon as promised to be.
The “verdict” on debasement
Per Mercx, the market has made its replace. With central banks participating in what he calls a “frontal assault on the FED,” traders are fleeing to the security of physical resources in wish to digital ones.
card
“The choice is in: the debasement switch is Gold & Silver, no longer Bitcoin,” Mercx wrote. “A frontal assault on the FED sends metals to fresh ATHs while BTC sits 20% beneath its peak. The memoir is damaged,” he mentioned.
“Bitcoin Derangement Syndrome”?
Critics, however, toughen Mercx’s “damaged memoir” argument, claiming that here’s a classic symptom of “Bitcoin Derangement Syndrome” (BDS). The term is mostly historical to characterize financial professionals who stubbornly refuse to admit that they had been gross after brushing apart Bitcoin (BTC) early on.
Support in 2013, Mercx puzzled whether or no longer any rational person would truly pay this type of stamp BTC. The poorly extinct tweet is now coming abet to chunk him.
Mercx, however, explicitly rejects the thought that he is a “sidelined” investor. He claims that he has been thru three BTC cycles.
The analyst argues that Bitcoin is a liquidity sponge, and its stamp is at as soon as correlated to the cost of cash (particularly the US 2-year yield).
“Bitcoin’s legendary returns weren’t magic; they had been the made of a ‘as soon as-in-a-century’ monetary regime… Bitcoin delivered its most explosive beneficial properties when the US 2-year yield became as soon as pinned beneath 1%… Low-stamp, plentiful liquidity is the final rocket fuel for speculative resources,” he mentioned.
