Bitcoin has hit a new milestone by surpassing the price of one kilogram of fine gold, according to Tracy Jin, Chief Operating Officer of MEXC.
In a statement shared with Cryptotimes, She said this achievement strengthens Bitcoin’s image as “digital gold,” showing its growing role in global finance.
Jin said Bitcoin is becoming a vital store of value and a crucial part of diversified investment portfolios worldwide “Bitcoin is no longer just powering the crypto ecosystem. It is now actively shaping modern portfolio strategy” she said.
Despite this symbolic victory, Jin noted that gold has still performed better this year, gaining 23%, while Bitcoin rose 12%, showing many investors still prefer gold during uncertain times.
Bitcoin has shown strong momentum lately, with six consecutive weeks of growth, closing near $106,500. Jin pointed out that the $105,800 price level is an important resistance zone.
Jin said that if Bitcoin breaks through this, it could reach $109,000, with optimistic predictions of $130,000 in the third quarter and possibly $150,000 by year-end. However, she warned volatility remains a factor.
On May 19, Bitcoin dropped 4.5% after the U.S. credit rating downgraded, reflecting risks from economic news. Jin said the support zone between $97,000 and $98,500 is key. “f it fails, a deeper correction to $91,000 may precede any continuation of the broader uptrend,” she said.
At the time of writing this report, Bitcoin is trading for $105,535, which is just a 1.26% gain over the last 24 hours.
Although Gold has a much larger market cap than Bitcoin, Jin said the cryptocurrency still has an advantage based on its fixed supply, full transparency, and programmable infrastructure which offers a new hedge against risks tied to fiat money and government debt. As more institutions and governments show interest, Bitcoin is gaining respect as a strategic financial asset.
JPMorgan analysts also backed this view in a recent report. The firm, led by says Bitcoin is beginning to take market share from gold due to its rising corporate interest and support from the United States.
For years, both gold and Bitcoin have been used to protect against inflation and weakening currencies, which is a strategy known as the “debasement trade.” Recently, Bitcoin has gained momentum while gold has softened.
The JPMorgan team noted, “Between mid-February and mid-April, gold was rising at the expense of Bitcoin. But over the past three weeks, we’ve been observing the opposite.” They expect this trend to continue, with Bitcoin showing more potential upside.
Moreover, Strategy (formerly MicroStrategy) plans to invest $84 billion in Bitcoin by 2027 and has already reached nearly a third of that. States like New Hampshire and Arizona are also getting involved, and have passed laws that allow Bitcoin investments and setting up digital asset reserves.
JPMorgan believes that growing demand from institutions and governments gives Bitcoin a clear edge if gold’s momentum fades.
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