The recent bank run shows that gold is no longer the preferred safe haven during times of crisis. Crypto’s price rose 4x as much as gold, leaving it in the dust.

In the past, gold was considered the safe haven and store of value during times of crisis like bank runs. Gold had doubled in price by the time the S&P500 recovered.

The current bank run suggests that gold is no longer king. Crypto has completely left it in the dust.

Over the past week:

Gold rose from $1870 to $1990 for a 6% increase Bitcoin rose from $20500 to 27400 for a 33% increase Ether rose from from $1450 to $1800 for a 24% increase

BTC rising 33% in a week

You might argue that crypto prices had fallen, but even when you look at 2 weeks before:

Gold rose from $1860 to $1990 for a 7% increase Bitcoin rose from $22400 to $27400 for a 22% increase Ether rose from $1550 to $1800 for a 16% increase

ETH rising 24% in a week

This is a great sign, and I expect the crypto marketcap to surpass gold’s within the next 10 years.