🚨 Expert Predicts Bitcoin Dominance As Scientists Create Lab-Grown Gold
As CERN scientists transform lead into gold, questions over the long-term value of the precious metal are dotting the financial markets.
CNBC crypto trader Ran Neuner argues that Bitcoin will be the winner over bullion in the race to become the ultimate safe-haven asset.
CNBC crypto trader Ran Neuner has pitched his tent with Bitcoin after scientists transformed worthless lead into gold. According to an X post, the Crypto Banter founder noted that the experiment will negatively affect the value of gold and its scarce value.
Last week, scientists used CERN’s Large Hadron Collider to knock out protons from lead atoms, converting them into gold.
Still far from commercial use, the possibilities of lab-grown gold have triggered diverse reactions in finance, stoking fresh comparisons with Bitcoin.
Neuman is hinging his argument on diamond charts after the discovery of lab-grown diamonds.
He notes that since lab-grown diamonds entered the market, supply is outpacing demand, adversely affecting the scarce value of diamonds.
Drawing comparisons, Neuner notes that lab-grown gold costing a fraction of naturally occurring precious metal will trigger a mass pivot to Bitcoin.
Despite the prediction, Bitcoin critic Peter Schiff says BTC is opposite to gold, taking swipes at comparisons between both assets.
Bitcoin and gold are in two-horse race for the title of the ultimate safe haven asset. Donald Trump-induced tariff wars has seen both assets surge in valuation with gold reaching a peak of near 3,500.
On the other hand, Bitcoin has surged beyond $100,000, consolidating its position while eyeing a stronger rally.