The debate between gold and Bitcoin is not a competition of who earns more, but how both assets can influence each other to open a new era of growth. Jeff Park, partner and CIO at ProCap BTC, presents a clear hypothesis: the paper gains of gold could be the trigger for a Bitcoin supercycle.
Gold As a Lever for the Future
Gold has surged this year, reaching prices close to $3,850 per ounce. This means that the gold reserves of the U.S., which the Treasury continues to officially value at just $42 per ounce, today have more than $1 trillion in unrealized gains.
Park suggests something bold: if the U.S. government were to use those latent gains to leverage or diversify into Bitcoin, the crypto market could receive an unprecedented boost. Remember that one trillion dollars in Bitcoin would represent a minimal fraction compared to public debt, but would be gigantic in an asset with a limited supply of 21 million.
Why Talk About 'Supercycle'
A capital flow of that magnitude would not be temporary. According to Park, the effect would be structural:
Limited supply → each large entry pressures the price upward.
Institutional adoption → flows no longer depend solely on retail.
Geopolitics → while gold strengthens with China and the BRICS, Bitcoin can position itself as 'digital gold' in the West.
The result: not just another bull cycle, but the possibility of a prolonged supercycle.
Why doesn’t Bitcoin follow gold yet?
The difference lies in perception:
Gold → thousands of years as a store of value, unchanged.
Bitcoin → 'living software,' in constant debate and evolution.
Although at first glance disagreements among developers raise doubts, Park claims this is a strength: consensus remains in the hands of nodes and users, reinforcing decentralization and the monetary guarantees of '21 million or nothing.'
Generations and Financial Culture
Gold preserves the cultural weight of tradition. But Bitcoin has something that gold cannot replicate: digital sovereignty, portability, and programmability. That is why young people understand it naturally and become the drivers of change.
The Opportunity
If the flow pattern follows the direction that Park anticipates, we could see Bitcoin become the strategic asset of the 21st century. What today seems like speculation could tomorrow be the foundation of national and corporate balances.
The question is not whether the supercycle will come, but when the institutional flow that triggers it will begin.
✨In a world where gold marks tradition, Bitcoin represents evolution. And when both paths cross, the result can be an unprecedented bull cycle.
