Willy Woo Predicts Gold’s Supremacy Over Bitcoin Amid Quantum Computing Concerns

According to analyst Willy Woo, the long-standing relationship between Bitcoin (BTC) and gold is shifting, with gold poised to outperform BTC for the foreseeable future.

The End of a 12-Year Trend

Woo informed his 1.2 million followers on X that Bitcoin’s upward trend against gold, which has lasted for over a decade, appears to be breaking down. This shift is attributed largely to rising apprehensions surrounding quantum computing and its potential to compromise the cryptographic security underpinning BTC.

“12-year trend broken. BTC should be valued a lot higher relative to gold. Should be. It’s not. The valuation trend broke down once quantum came into awareness.”

He cautioned, “Don’t read this post if you want to stay high on hopium instead of seeing things as they are.”

The Quantum Threat and Its Implications

Woo also commented on how Bitcoin might adapt to counteract the threats posed by quantum technology. He suggested that although BTC could receive upgrades to implement quantum-resistant signatures, a significant issue remains: the vast amount of Bitcoin that is currently inaccessible due to lost private keys.

“Likely, BTC will be patched with quantum-resistant signatures. This doesn’t fix the issue of four million lost coins coming back into circulation. I’d say it’s a 75% chance that lost coins will not be frozen by a protocol hard fork…”

He argues that the market is beginning to factor in the possible return of these lost coins, a transition that will likely take place once the risk associated with quantum computing—referred to as ‘Q-Day’—is mitigated. Woo estimates that this critical day is still five to fifteen years away, creating uncertainty for Bitcoin in the interim.

The Broader Economic Context

Woo further elaborated on the upcoming decade, indicating that Bitcoin is especially crucial during this period. As the long-term debt cycle reaches its conclusion, macro investors and sovereign entities tend to gravitate towards hard assets like gold for protection against global debt stagnation. This, he asserts, sets the stage for gold to potentially soar, even while Bitcoin struggles.

“Unfortunately, the next 10 years are when BTC is most needed. It’s the end of the long-term debt cycle, and this is where macro investors and sovereigns run to hard assets like gold to shelter from global debt deleveraging. Hence, gold moons without BTC.”

Current Market Status

As of now, Bitcoin is trading at $67,588, reflecting a decline of over 20% year-to-date. In contrast, gold has seen a rise, trading at $4,880 per ounce—an increase of more than 12% since the beginning of the year.

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