Venture capitalist Tim Draper has declared that gold is no longer relevant in the modern financial landscape, stating, “It just sits there. Bitcoin moves.” He argues that Bitcoin’s borderless nature and programmable capabilities make it superior to traditional assets like gold for everyday transactions. According to Draper, Bitcoin can be used for purchases, unlike gold which faces restrictions due to its physical limitations. 2023 has seen a significant price increase in gold, with prices exceeding $3,500 per ounce, but experts and analysts have questioned whether Bitcoin truly qualifies as a safe-haven asset. Notably, some argue that it performs differently than gold, while others believe it’s purely speculative, similar to the views of prominent financial commentator Peter Schiff. Draper has previously predicted an extremely optimistic price point for Bitcoin, expecting it to reach $3 million if it gains widespread adoption. However, these bold predictions have faced criticism due to their uncertain timeline and lack of market evidence.