Michael Saylor, founder of Strategy, argued this week that the rumored move by the U.S. to impose import taxes on gold could push money away from this metal and into Bitcoin.
In an interview with Bloomberg, Saylor argued that Bitcoin cannot be taxed at the border because it 'lives in cyberspace, where there are no tariffs.'
He stated that the coin's lack of physical weight and fast payment speed make it more appealing than gold in a world where gold bullion import taxes are being discussed.
Saylor Sees Bitcoin As A Tariff-Resistant Asset
Reports reveal that others in the industry agree. Simon Gerovich, president of Metaplanet, called gold 'heavy, slow, and political,' while Bitcoin is 'Light, Fast, and Free.'
Based on reports, Metaplanet — a Japanese company managing a Bitcoin vault — has recently purchased nearly $54 million in Bitcoin, bringing its total Bitcoin holdings to 17,595 BTC, equivalent to about $1.78 billion at current value.
These figures are significant for investors monitoring whether corporate bonds are shifting allocations from storage metals to digital currencies.
Market Reaction And Price Volatility
The market reacted in various ways. Gold futures reached an all-time high following news of tariffs, as traders rushed to price in the potential cost impact of new import regulations.
Meanwhile, Bitcoin traded relatively flat during the same period, down less than 1% in the past 24 hours. The divided reaction indicates that a policy shock could drive some capital into precious metals, while other buyers may sit on the sidelines or turn to cryptocurrencies as another form of risk hedge.
Brandt Emphasizes The Decline Of The USD Over Decades
Veteran trader Peter Brandt has added fuel to the fire of the debate by posting a long-term chart tracking the purchasing power of the US dollar from $1.00 in 1971 to about $0.031 in 2025, based on M2 money growth.
Brandt points to a drop of about 95% during that period and states that this trend indicates fiat currency may depreciate over decades. He argues that while gold has held its value for many years, Bitcoin is now positioned to become a store of value in the future.
According to market observers, the discussion about tariffs has changed short-term sentiment but has not yet resolved which asset is a better long-term safe haven.
Institutional investors like Strategy and Metaplanet are publicly betting on Bitcoin, and that shapes expectations. At the same time, the record high of gold reminds investors that the demand for tangible stores of value may surge due to policy risks.
