Tim Draper Declares Gold Is Dead, Touts Bitcoin's Superiority

Legendary venture capitalist Tim Draper took to social media this week to argue that Bitcoin (BTC) has rendered gold obsolete. "Gold just sits there.

Tim Draper, the renowned venture capitalist, took to social media this week to declare that gold has become irrelevant in the age of Bitcoin.

“Gold just sits there. Bitcoin moves,” Draper asserted on X (formerly Twitter).

Highlighting Bitcoin’s unique properties, Draper emphasized its borderless, permissionless, and programmable nature. In contrast, he pointed out that you can’t buy coffee with gold, but Bitcoin allows for direct purchases.

“It's not about coffee. It's about the point that you can use Bitcoin to buy anything you want, without needing banks, inflation, or friction.”

However, some critics were quick to interject, noting that gold has dramatically outpaced Bitcoin in 2025.

Gold prices have soared more than 20% year-to-date, while Bitcoin remains mostly flat.

The yellow metal has seen renewed interest amid tariff-driven economic turbulence, recently breaking above $3,500 per ounce for the first time, as reported by U.Today.

Draper's comments also come amid a broader discussion of Bitcoin's role as “digital gold.” While Bitcoin offers new possibilities for payments, traditional gold continues to be recognized for its value during turbulent economic periods.

As the global financial landscape evolves, investors are watching closely to see if Bitcoin's momentum will outstrip gold's long-standing safe-haven status.