Bitcoin’s Breakout? Expert Predicts Gold’s Biggest Disaster

Jeff Park, head of Alpha Asset Management Strategies, has recorded a record record that the recent developments in the gold market may lead to a collective exit to Bitcoin. It is worth noting that the Bank of England is subject to scrutiny times for material gold, which provides renewed discussion on the reliability of gold -backed assets. Reaction, garden He writes Via x:

“I wander around the days until a logistical disaster (or explicit fraud) in the physical birth of these origins is destroyed by the most religious gold believers, as it leads them directly to Bitcoin's arms,” ​​Park wrote via X.

Bitcoin on gold

Park statement comes amid reports that the Bank of England, which claims to carry about 5,000 metric tons of gold, has been delayed in delivery operations than it was a few days to four weeks. According to a source familiar with the matter, “The wait has increased to withdraw the alloys stored in the Bank of England from a few days to four and eight weeks,” which indicates that the central bank “is struggling to keep pace with the demand.”

Market monitors attribute these delays to an unprecedented increase in overcoming charges and the height of gold stocks in the United States. “People cannot put their hands on gold because a lot has been shipped to New York, and the rest are stuck in the waiting list,” an executive director in the industry told reporters. The central bank accumulation coincided with increasing stocks on the Commpainment Company in New York, which saw its golden store increased by approximately 75 % – from 533 metric tons to 926 metric tons – in the United States in November.

Park also emphasized the history of industry for logistical accidents and fraud by referring to two prominent scandals. First, the Chengdao metal scandal. “Here is the fun story called the Chengdao metal scandal,” Park wrote. He narrated how traders in China used the same copper, aluminum and nickel stocks as a guarantee several times, only until it was revealed that a lot of actual metal was missing.

Park highlighted another recent case with Fiasco Nickel London Exchang (LME). “LME discovered that some nickels were lost! Instead of registered metal bags, stones bags have reached. The most shocking is that this is not the first nickel in LME.”

Recently, Park pointed to reports that Global Commodities Giant TRFIGURA discovered a $ 500 million shortage in Mongolia. Park wrote: “I have already published on this topic, but I am refreshing that Trafigura lost 500 mm of fuel in Mongolia three months ago,” Park wrote.

Such episodes, according to Park, show the weakness of the markets of physical goods. Park added: “You can take out the” material “fuel from Mongolia, but you cannot eat the spiritual fuel of Jenels Khan from Mongolia,” Park added.

Advocates of digital assets such as Park that Bitcoin, which is often described as a “more difficult” origin on the ground, avoids the logistical complications that affect the physical commodity sector. However, irony, he still faces obstacles when it comes to organizational acceptance and ETF structures.

“Meanwhile, it is not even possible to contribute even the most difficult assets on the land (Bitcoin) in the popular Bitcoin investment funds, although there are semi -zero logistical costs. But certainly, let's continue to demonstrate with this system logical.”

It went on to indicate that the current regulatory frameworks are still a major obstacle: “part of the reason for people concern about” organization “in encryption is that they continue to put the lens of the securities on the origin that does not actually work. Once the lens of commodities is placed as a starting point, the world begins Suddenly make a lot of logic.

While the Bank of England has not issued an official statement of prolonged delivery times, observers see this as another potential wedge moment for traditional golden investors. If accumulated business continues, they can outperform more doubts about the reliability of material gold markets. Park and others in the encryption industry believe that this is a turning point that may prohibit interest-capital-bitcoin, which does not need material shipments or third-party cellar.

At the time of the press, BTC was traded at $ 95,961.

Distinctive image created with Dall.e, Chart from TradingView.com