Here is what some popular minds have to say:
Ray Dalio, famous billionaire and hedge fund founder of Bridgewater Associates, recently revealed “I own a very small amount of bitcoin. There are certain assets that you want to own to diversify the portfolio, and bitcoin is something like a digital gold. If you put a gun to my head and you said I can only have one, I would choose gold.”
Michael Saylor, CEO of MicroStrategy (MSTR), took his company's cash and raised capital into 109,000 bitcoins. Saylor said, "Bitcoin is the first global real time clearing, decentralized, permission-less, immutable, scarce, transferrable, auditable, not seizable, highly divisible, secure, deflationary, transparent, synthetic gold - without the defects."
Frank Giustra is a Canadian billionaire businessman, mining financier, and founder of Lionsgate Entertainment. He said "Gold is eternal - almost indestructible where jewelry today can be from 2000 years ago. Global government central banks own 20% of all gold ever mined in history. Investors will continue to turn to gold during times of inflation, stock market downturns, and times of crisis."
Anthony Pompliano of Morgan Creek Digital Assets said, "Bitcoin is a 100x improvement over gold as a store of value. The world is realizing this and beginning to reprice digital currency in real-time. I suspect that bitcoin's market cap will surpass gold's market cap by 2030. For this reason, I own no gold and have a material percent of my net worth invested in bitcoin."
Mike Venuto, portfolio manager of Amplify Transformational Data Sharing ETF (BLOK), said "I would probably pick bitcoin but why not both?"